CANMORE MARKET SYNOPSIS

As a whole the 2007 Canmore Real Estate market was very strong through all market segments in the winter and spring with a slowing down of sales in the upper price points through summer and fall. Overall the volume of sales in 2007 over 2006 increased in each category with the exception of single family homes. Prices of sold properties increased dramatically across all segments by a minimum of 20%.

Within the single family home market we saw a decrease in volume from 2006 of properties sold by 14% however the average price increased 27.51% and the median price increased by 20.64%. The condominium market saw the total number of units sold remain unchanged form 2006 while the average price increased 20.78% over the 2006 average and the median price increased 20.11% over the median of 2006. Both the lots and duplexes saw a rise in numbers sold as well as a rise in price on both the median and average.

We expect to see an equally strong 2008 and the higher priced market segment to increase in activity as we move further into 2008. I think we will have moderate continued upward price pressure through 2008 as our listing inventory had risen back to the levels of 2004, giving buyers a slightly broader selection but~20% less inventory than we had in mid 2005. Canmore is still a great place to buy.

What's Cooking in Kitchen Renovation?

Think of your kitchen as the social hub of your home. Undoubtedly, it's the most trafficked area in your house and is probably where your family gathers the most. It's also the room where you prepare your meals and, most likely, where you do most of your entertaining.

With so much functionality, it should come as no surprise to discover that the kitchen is considered to be the most important room in a house. In fact, 58 per cent of Canadians polled in a Royal LePage National Home Attitude Study cite the kitchen as having the most impact on potential purchases. When considering a home renovation, remodeling the kitchen is a top priority for many. Whether considering a complete redesign, or a few minor touch ups to add some style, the following options will help make a significant difference:

Countertops

A counter top serves as the main focal point of a kitchen and a new one can dramatically impact the look and feel of the busiest room in your house. If an upscale look is what you're after, granite is the most popular choice. This natural stone is waterproof and heatproof when sealed and is also durable and stain-resistant. Man-made solid surfaces are available in a variety of colours and patterns and boast a rich luxurious look. These surfaces are easily maintained with everyday cleansers and most signs of wear and tear can easily be buffed out. If you're budget conscious, plastic laminates are available in a variety of designs. These enduring materials are easily maintained, but one word of caution, they are neither heat nor scratch resistant.

Cabinets

Top-quality cabinets can last a lifetime. Equipped with great hardware and built with elaborate finishing systems, new cabinets can spark up an outdated kitchen. When choosing cabinet height, consider the height of your ceilings. For eight-foot ceilings, cabinets should reach the ceiling. For ceilings that are higher than eight feet, 15 to 18 inches should be left above the cabinets. As an alternative to replacing all of your cabinets, consider incorporating glass cabinet doors. Whether frosted, clear or ribbed, glass can enhance both a modern and traditional cabinet. If you are looking to make a dramatic transformation but don't want to break the bank, paint can be used for an instant cabinet makeover. Visit your local paint store for the latest tips and techniques. The choice of hardware can be used to significantly enhance the look and feel of cabinetry. Simply adding chrome knobs and handles can update a traditional kitchen with a contemporary edge.

Floors

Hardwood floors have become a popular choice for kitchen flooring. Although often discouraged because of traffic considerations and proximity to water, many are choosing hardwood for its chic look, electing style over practicality. Laminate flooring offers an attractive and affordable alternative. Available in a variety of patterns, durable laminate flooring is resistant to scratching, fading and denting. Laminate flooring requires minimal maintenance mopping and vacuuming are all that is necessary. Ceramic tiles are renowned for being resilient and easy to care for especially important in high-traffic zones such as the kitchen. With a wide variety of styles and colour selections, ceramic tiles offer an affordable choice for those looking for durability and style.