1 - 100 of 198

Saturday, September 2, 2017 - Housing recovery a balancing act

Growth in new listings outpaced sales preventing inventory declines  Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated.    Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties. While inventories were 16 per cent higher than August 2016 levels, the slight rise in sales prevented further gains in the months-of-supply, which remain just above four months. "Employment growth is contributing to the ... Full Article...
posted in General at Sat, 02 Sep 2017 08:28:50 -0600

Friday, August 18, 2017 - Mid-Year market update shows stability

CREB® forecasts a process of recovery for the remainder of 2017 The first-half of 2017 marked a shift in Alberta's economy from recession to recovery, with conditions supporting stability rather than expansion. "Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market," said CREB® chief economist Ann-Marie Lurie.  "This will continue to cause some adjustments in the housing market for the ... Full Article...
posted in General at Fri, 18 Aug 2017 09:02:02 -0600

Wednesday, August 2, 2017 - Housing recovery remains a work-in-progress

Market sees modest inventory gains, but overall prices inch up Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year.  City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Year-to-date sales activity totaled 11,957 units, nine per cent above last year. "Sales growth exceeded expectations so far this year. Clients were re-entering the market after delaying ... Full Article...
posted in General at Wed, 02 Aug 2017 09:02:43 -0600

Wednesday, July 5, 2017 - June spells a gradual recovery

Stable prices in detached sector signal balanced conditions despite increased inventory Calgary's housing market in June saw a modest improvement in sales along with an increase in new listings. However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent higher than last year's levels.  Despite the recent shift in inventory this month, second quarter activity continues to ...
posted in General at Wed, 05 Jul 2017 09:21:17 -0600

Thursday, June 1, 2017 - Home prices remained stable in May

Demand for detached housing continues to rise Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs. "The economic climate is supporting detached housing market recovery," said CREB® chief economist Ann-Marie Lurie.  "Improved demand and easing supply has created more balanced conditions and ultimately some modest price gains. While it will still take some time for prices to recover, the transition in the detached segment is ... Full Article...
posted in General at Thu, 01 Jun 2017 21:37:08 -0600

Monday, May 1, 2017 - Housing market retains momentum in April

City-wide prices hold steady as labour market improves Calgary's housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year's levels. "More jobs means less uncertainty for people who are sitting on the fence," said CREB® president David P. Brown. "There also tends to be fewer people who need to sell when ... Full Article...
posted in General at Mon, 01 May 2017 16:48:25 -0600

Monday, April 3, 2017 - Housing market set for favourable lead into spring

Housing market set for favourable lead into spring Detached prices stabilize as city-wide inventory trends down After a long period of disconnect between supply and demand, Calgary's detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year, supporting price stability in the detached market. "It's not so much that demand went through the roof ... Full Article...
posted in General at Mon, 03 Apr 2017 13:36:06 -0600

Thursday, March 2, 2017 - Detached sales activity boosts February housing market

After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years. As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled ... Full Article...
posted in General at Thu, 02 Mar 2017 09:42:05 -0700

Wednesday, February 1, 2017 - January market improves over last year

For the fourth consecutive month, housing inventory levels have recorded year-over-year declines. At 4,112 total units, January's inventory was 18 per cent below last year's levels.  "While housing conditions continue to favour buyers, a slow transition toward more balanced conditions is helping to ease downward pressure on home prices," said CREB® chief economist Ann-Marie Lurie. "Conditions have improved over last year, but people need to remember that last year's market was one of the ...
posted in General at Wed, 01 Feb 2017 12:45:03 -0700

Tuesday, November 1, 2016 - Home sales rebound in October

For the first time in two years, sales activity in October resembled normal levels. City-wide sales totaled 1,644 units, which is an increase of nearly 16 per cent over last year.?The shift in sales activity this month is likely related to the new mortgage rule changes, inventory gains in the lower price ranges and further price adjustments,? said CREB® chief economist Ann-Marie Lurie. ?The combination of all these factors may have encouraged some purchases to take advantage of the market ...
posted in General at Tue, 01 Nov 2016 21:13:04 -0600

Monday, October 3, 2016 - Detached prices stablilized in soft market

City of Calgary, Oct. 3, 2016 ? The segment of Calgary?s housing market with the greatest influence on the overall market is showing signs of pricing stability. The detached benchmark price totaled $503,400 in September, which is 3.3 per cent below last year, but the second consecutive month at this price level. While overall economic conditions remain soft, for now the detached sector is demonstrating some steadiness in terms of pricing. ?The decline in demand has caused many to anticipate ... Full Article...
posted in General at Mon, 03 Oct 2016 11:06:51 -0600

Friday, September 2, 2016 - Detached versus higher-density segments: two very different stories in August

Overall sales activity was down again in August, totalling 1,567. However, this figure does not reflect the big differences in activity between the detached sector, versus the high density apartment and attached segments of the market. ?While overall sales have eased for detached homes, so too has the amount of new listings on the market preventing inventories from reaching previous highs and limiting the downward pressure on pricing,? said CREB® chief economist Ann-Marie Lurie. ?This is not ... Full Article...
posted in General at Fri, 02 Sep 2016 08:03:20 -0600

Saturday, August 13, 2016 - Soft demand to impact home prices, CREB® forecasts

The economic situation in Alberta has impacted all aspects of the economy, including housing demand. However, price declines have been only slightly lower than expectations, as easing amounts of new listings has prevented steeper gains in supply levels, CREB® said today in its 2016 mid-year update. Benchmark prices have trended down this year and there is no expected change in direction for the remainder of 2016. City-wide annual benchmark prices are expected to contract by 3.8 per cent this ... Full Article...
posted in General at Sat, 13 Aug 2016 10:30:29 -0600

Tuesday, August 2, 2016 - Demand down with net migration

In step with City census data on declining net migration levels, housing sales activity totaled 1,741 units in July, a 12.6 per cent decrease over last year and the 20th consecutive month of year-over-year sales declines. ?Continued pullback of sales activity is a sign of economic conditions,? said CREB® chief economist Ann-Marie Lurie. ?The number of unemployed workers keeps rising and when you combine job losses with declining net migration, the result is going to be weaker housing ...
posted in General at Tue, 02 Aug 2016 14:28:38 -0600

Monday, July 4, 2016 - Home prices down, but not out

Home prices down, but not out Calgary home prices continue to slide in most areas of the market, but not at the rate that many might expect. This is partly due to June?s resiliency in the detached and semi-detached sectors of the market, where sales compared to new listings and standing inventory started returning to more balanced levels. ?The detached market has been gradually moving towards more balanced conditions, helping to prevent price levels from declining at the faster rates we saw in ... Full Article...
posted in General at Mon, 04 Jul 2016 14:40:35 -0600

Wednesday, June 1, 2016 - Housing supply swells in cool spring market

Calgary?s housing inventory was on the rise once again in May as new listings climbed and sales slowed to 1,923 units. "While recent oil price gains may have some feeling optimistic, weakness in the labour market continues to impact housing demand," said CREB® chief economist Ann-Marie Lurie. "Job losses are spreading into other sectors, wages are declining and unemployment levels remain high. At the same time, we're seeing housing supply levels rise in the rental, new home and resale markets." ... Full Article...
posted in General at Wed, 01 Jun 2016 17:04:40 -0600

Monday, May 2, 2016 - Minding the gap - Calgary April Sales

Sellers continue to adjust pricing expectations Calgary, May 2, 2016 ? Market imbalance in Calgary?s residential resale housing market continued to weigh on citywide prices in April.  Much like the previous month, year-over-year sales fell while new listings increased, resulting in inventory gains across all sectors of the market. As a result, benchmark prices in the city declined by 0.4 per cent from last month, and 3.4 per cent from last year, to $441,000. For sellers, the reality of seven ... Full Article...
posted in General at Mon, 02 May 2016 14:59:24 -0600

Saturday, April 2, 2016 - Housing prices trend down in March

Unemployment impacting housing activity Home prices declined further in March as economic conditions weigh on Calgary?s housing market.  Calgary?s benchmark price totaled $442,800 in March, a 0.49 per cent decline over February and 3.51 per cent lower than levels recorded last year. ?With no improvement in the labour market, it?s no surprise that we continue to face downward pressure on housing sales activity and prices,? said CREB® chief economist Ann-Marie Lurie. ?Provincial unemployment ...
posted in General at Sat, 02 Apr 2016 14:52:06 -0600

Tuesday, March 1, 2016 - Housing sales slower than typical February

Monthly prices decline for fifth consecutive month  February sales totaled 1,127 units in Calgary, a 6.63 per cent drop over last year and 37 per cent lower than long-term averages for the month. City wide unadjusted benchmark prices totaled $445,000 in February, a 0.63 per cent decline over January and 3.45 per cent lower than levels recorded last year. ?Slow sales and elevated housing inventory has resulted in further price declines,? said CREB® chief economist Ann-Marie Lurie. ?Given the ... Full Article...
posted in General at Tue, 01 Mar 2016 11:42:25 -0700

Monday, February 1, 2016 - Housing market remains unchanged in January

Slow sales activity and inventory gains place downward pressure on prices Calgary?s housing market is starting 2016 firmly in buyers? market territory, much the same as last year ended.  ?The recent slide in energy prices has raised concerns about near-term recovery prospects for the city,? said CREB® chief economist Ann-Marie Lurie. ?Energy market uncertainty and a soft labour market are weighing on many aspects of our economy, including the housing sector.? City wide, January sales totaled ... Full Article...
posted in General at Mon, 01 Feb 2016 11:10:25 -0700

Thursday, January 14, 2016 - CREB forecasts downward pressure on prices in 2016

With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units, CREB® said today in its annual forecast. The annualized benchmark price is expected to decline by 3.44 per cent to $438,652.Weak demand and supply gains are expected in 2016, adding to an already elevated level of inventory. In this situation, the markets ability to effectively absorb more inventory will be limited, resulting in some ... Full Article...
posted in General at Thu, 14 Jan 2016 09:50:32 -0700

Monday, January 4, 2016 - Housing market characterized by slow demand

Elevated supply levels placed downward pressure on prices in December With the focus shifting toward the holiday season, December sales activity slowed to 878 units in the city, 18 per cent below last year at this time and well below the five and 10-year averages. As a result, the unadjusted benchmark price dipped to $448,800, a 0.42 per cent decline over the previous month and 2.33 year over year. CREB® chief economist Ann-Marie Lurie noted December followed a pattern established early on in ... Full Article...
posted in General at Mon, 04 Jan 2016 13:30:47 -0700

Wednesday, December 2, 2015 - Housing market conditions favour buyers

Calgary, Dec. 1, 2015 ? Persistently high inventory levels within Calgary?s residential resale housing market, combined with weak sales activity, contributed to buyers' conditions in November. Monthly sales totaled 1,263 units, a 28 per cent decline from last year and nearly 20 per cent below the 10-year average. Meanwhile, the amount of new listings in the market increased by five per cent over last November, and moved five per cent above 10-year average. The combination of both soft sales and ... Full Article...
posted in General at Wed, 02 Dec 2015 11:44:54 -0700

Monday, November 2, 2015 - Prices decline for the second consecutive month

Sales activity remains well below long-term averages Elevated inventory levels in October contributed to a second consecutive month of price declines in Calgary?s resale residential housing market. Benchmark prices declined 0.7 per cent from the previous month, and 1.2 per cent from the same time last year, to $453,100. ?Persistent weakness in the overall economy continued to impact housing demand in Calgary as October sales were nearly 16 per cent below long-term averages,? said CREB® chief ... Full Article...
posted in General at Mon, 02 Nov 2015 13:22:40 -0700

Thursday, October 1, 2015 - Prices ease as expected

Following four months of relative stability, unadjusted benchmark prices eased as expected in September to $456,300, a 0.26 per cent decline compared with last year.Most of this aggregate moderation was due to price declines in the apartment sector brought on by higher-than-average inventory levels.?Overall sales activity relative to new listings caused a softening in absorption rates, which resulted in inventory gains and ultimately placed moderate downward pressure on pricing,? said CREB® ... Full Article...
posted in General at Thu, 01 Oct 2015 13:49:55 -0600

Wednesday, September 2, 2015 - INVENTORY LEVELS RISE

August sales activity falls below long-term averages Calgary?s residential resale housing market recorded further easing in absorption rates in August due to weaker sales activity. Sales in the city declined by 27 per cent to 1,643 units last month relative to the same time last year, and 12 per cent below 10-year averages. ?Persistent weakness in the energy sector weighed on sales activity this month, which once again retracted to levels well below the norm for the city,? said CREB® chief ...
posted in General at Wed, 02 Sep 2015 09:47:01 -0600

Tuesday, August 4, 2015 - Market remains balanced despite easing in absorption rates

Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease the previous month. Despite the decline, sales activity during the month was consistent with the 10-year average. While sales decline eased, so too did the decline in new listings, causing the unadjusted sales-to-new listings ratio to edge ... Full Article...
posted in General at Tue, 04 Aug 2015 12:30:43 -0600

Wednesday, July 29, 2015 - Housing prices to ease in second half, CREB® forecasts

by CREB on July 29, 2015 Continued weakness in housing demand will limit downward pressure on supply levels and cause prices to ease in the second half of the year, CREB® said in its 2015 mid-year forecast. Despite this anticipated retraction, Calgary?s benchmark prices are only expected to decline by less than one per cent on an annual basis."Further job losses are expected in the second half of the year,? said CREB® chief economist Ann-Marie Lurie. ?These employment changes, combined with ... Full Article...
posted in General at Wed, 29 Jul 2015 13:23:32 -0600

Thursday, July 2, 2015 - June sales consistent with typical levels

Calgary inventory levels ease Despite the 18 per cent year-over-year decline in June home sales, for a total of 2,183 units, transaction levels remain only five per cent below the 10 year average for June and three per cent above levels over the past five years. ?We?ve seen less concern from consumers lately,? said CREB® president Corinne Lyall. ?One of the main reasons is that we haven?t seen the worst case scenarios play out in the energy and housing sectors.? ?Consumers who were waiting for ... Full Article...
posted in General at Thu, 02 Jul 2015 10:46:26 -0600

Monday, June 1, 2015 - Market moves toward balanced conditions

Calgary housing prices change direction in May  For the first time since December 2014, Calgary?s residential unadjusted benchmark prices improved over the previous month. Within the city of Calgary, housing prices totaled $454,100 in May, a monthly and year-over-year increase of 0.55 and 0.96 per cent. ?For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales ...
posted in General at Mon, 01 Jun 2015 15:49:06 -0600

Friday, May 1, 2015 - New listings decline as home prices ease

After the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, a decrease of 18 per cent over the previous year. ?With fewer buyers making purchase decisions and improved selection for resale, new home and rental property, sellers have been either adjusting their expectations on price or delaying their plans about when to list their home,? said CREB® president Corinne Lyall. Sales activity in April totaled 1,957 units, 22 ... Full Article...
posted in General at Fri, 01 May 2015 14:31:21 -0600

Friday, April 17, 2015 - Housing prices hold steady in surrounding areas

Slower economic activity influenced demand across the region in the first quarter of 2015. However, despite rising inventory levels, housing prices in Calgary?s surrounding areas remained relatively stable. ?A lack of recovery in oil has many concerned about their employment status and these concerns have been impacting consumer confidence in the first quarter,? said CREB® chief economist Ann-Marie Lurie. ?However, on aggregate, surrounding area prices have posted some quarterly growth as some ... Full Article...
posted in General at Fri, 17 Apr 2015 13:32:31 -0600

Thursday, April 2, 2015 - Inventory gains influence housing prices

Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions are consistent with buyers? market conditions. Typical home prices have declined by 0.59 per cent in the first quarter of 2015, compared to the fourth quarter of 2014.  The sales to new listings ratio also dropped to 41 per cent and months of supply ...
posted in General at Thu, 02 Apr 2015 09:48:04 -0600

Monday, March 2, 2015 - Inventory climbs in Calgary housing market

Calgary, March 2, 2015 - Year-over-year new listings growth eased from 37 per cent last month to nine per cent in February. However, as sales activity remained below long term averages for the month, Calgary inventory levels rose to 5,474 units in February. "While housing supply levels continue to be higher than we have seen in this market for some time, they remain below February 2008 record highs of nearly 7,000 units" said CREB® chief economist Ann-Marie Lurie. "If the pace of growth in new ... Full Article...
posted in General at Mon, 02 Mar 2015 11:59:28 -0700

Wednesday, January 28, 2015 - CREB forecasts price stability amid easing demand

Calgary, Jan.14, 2015 ? Housing sales are forecasted to ease by four per cent this year, due to market uncertainty and changes in economic climate, while prices are expected to remain relatively stable with a modest increase of 1.58 per cent on an annual basis, CREB® said today in its annual forecast. Although sales levels are expected to ease, previously tight conditions throughout 2014 indicate that rising supply would push the market into more balanced conditions, supporting price stability ... Full Article...
posted in General at Wed, 28 Jan 2015 16:11:58 -0700

Friday, January 2, 2015 - Condominium and townhouse sales set a new record for 2014

It was a record setting year for Calgary?s condominium apartment and townhouse sectors, as sales reached new annual highs despite year-over-year residential sales declines of 7.5 per cent in December. Single family sales totaled 708 units in December, a year-over-year decline of 8.3 per cent. Meanwhile, total condominium sales also declined by six per cent over the same time frame, but overall activity remained consistent with long-term averages. ?It is not unusual to see slower activity in the ... Full Article...
posted in General at Fri, 02 Jan 2015 09:51:17 -0700

Wednesday, December 3, 2014 - Price growth slows in Calgary

Improving inventories help ease price growth pressure Calgary?s residential resale housing market posted relatively strong November activity reaching 1,782 units, a three per cent increase over the previous year, and nearly 13 per cent above long term averages. ?Relative to other major centres, economic growth in Calgary remains one of the strongest in the country,? said CREB® chief economist Ann-Marie Lurie. ?Employment opportunities and relatively higher wages have encouraged people to move ... Full Article...
posted in General at Wed, 03 Dec 2014 11:04:23 -0700

Friday, November 7, 2014 - Condominium sector boosts Calgary resale housing activity

Calgary, Nov. 3, 2014 ? Continued double-digit gains in the condominium apartment sector helped to fuel a 10 per cent increase in Calgary?s residential resale housing market in October. Overall sales for the month totaled 2,147 units, compared with 1,948 during the same period last year. ?Two consecutive years of relatively strong employment and population growth, combined with rising wages and low lending rates, have supported demand growth in our housing sector,? said CREB® chief economist ... Full Article...
posted in General at Fri, 07 Nov 2014 10:06:39 -0700

Wednesday, October 15, 2014 - Airdrie, Okotoks and Cochrane post double-digit sales growth

Housing activity is on the rise in Calgary?s surrounding areas with double-digit sales growth in Airdrie, Okotoks and Cochrane by the end of the third quarter. Year-to-date, 4,449 units were sold in all surrounding areas, which represents a 26 per cent increase over the previous year. ?After the first three quarters of the year, sales activity continues to climb at a good pace in surrounding communities," says CREB® president Bill Kirk. ?Many of these areas offer a lifestyle choice that appeals ... Full Article...
posted in General at Wed, 15 Oct 2014 09:47:58 -0600

Monday, October 6, 2014 - Condominium sector boosts Calgary resale housing activity

Calgary, Oct. 1, 2014 ? Calgary's condo sectors continue to set the pace for the city's residential resale housing market, which recorded 2,148 sales in September, nearly 12 per cent higher than the same period last year. "September's sales growth was stronger than expected, due largely to a surge in condominium apartment and townhouse sales," said CREB® chief economist Ann-Marie Lurie, who credits Calgary's strong economy and fewer options in the lower-priced single-family market behind the ... Full Article...
posted in General at Mon, 06 Oct 2014 10:44:06 -0600

Saturday, August 2, 2014 - Market moves toward balanced conditions

Calgary, Aug. 1, 2014 ? Residential sales this month totaled 2,336 units, a record level for July activity. However, year-over-year sales growth slowed to 3.18 per cent. ?While July?s sales growth seems like a dramatic departure from the double-digit gains recorded in the first half of this year, it is in comparison to exceptionally strong sales during the same period last year,? said CREB® chief economist Ann-Marie Lurie, noting July sales this year are nearly 19 per cent above long-term ...
posted in General at Sat, 02 Aug 2014 09:10:14 -0600

Friday, July 4, 2014 - Housing supply improves in June

Calgary, July 2, 2014 ? Residential sales and listings in Calgary increased by double-digit rates in June compared to the same time last year. This increase is partly due to the floods impacting housing activity throughout the second half of June 2013. "Last June was not a normal month, so it?s difficult to compare the two," said CREB® president Bill Kirk. "The historic floods of 2013 forced residents and business owners from their homes and places of work. It?s not surprising that many ...
posted in General at Fri, 04 Jul 2014 12:20:24 -0600

Thursday, June 5, 2014 - Sales improve as consumers have more choice

Calgary, June 2, 2014 ? Residential sales in the city of Calgary totaled 2,948 units in May, a 16 per cent increase over the previous year. Sales last month were well above long-term trends and are the highest May activity on record. ?Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages,? says CREB® chief economist Ann-Marie Lurie. ?Leading up to May, resale market sales were somewhat restricted by lack ... Full Article...
posted in General at Thu, 05 Jun 2014 06:27:47 -0600

Sunday, May 4, 2014 - Price gains encouraging new listings

Calgary, May 1, 2014 ? Following a slow start to the year, improved weather and price gains supported new listings growth. New residential listings in April totaled 3,754 units, an eight per cent increase over the previous year. Meanwhile sales activity totaled 2,545 units for the month, a seven per cent increase over April 2013. ?Throughout 2014, the condominium apartment market has recorded new listing gains, while until April, the single-family sector saw a reduction in new listings,? says ... Full Article...
posted in General at Sun, 04 May 2014 19:29:04 -0600

Tuesday, April 1, 2014 - Conditions continue to favour seller

Calgary, April 1, 2014 ? Residential sales activity improved across all sectors in March. However, declining new listings in the single family sector combined with further gains in sales activity decreased single family inventory to the lowest March level since 2006.  ?There are several factors contributing to the growth in housing demand, including the inflow of people to our province over the past two years, strong gains in employment and tight rental conditions,? says CREB® chief economist ... Full Article...
posted in General at Tue, 01 Apr 2014 14:24:13 -0600

Thursday, March 6, 2014 - Sales growth boosted by condominium activity

Calgary, March 3, 2014 ? Following double digit gains last month, sales growth in the city of Calgary totaled 1,854 units, or an 8.68 per cent increase over the same period in 2013. Slower sales growth resulted in a reduction of listings in the single family sector. However, single family sales still totalled 1,230 units, a 1.9 per cent increase over the previous year. ?Demand growth in the single family sector has been restricted by the availability of product,? says CREB® Chief Economist ...
posted in General at Thu, 06 Mar 2014 20:55:11 -0700

Sunday, February 9, 2014 - Monthly Stats for Calgary - Jan 2014

Calgary, Feb. 3, 2014 ? On the heels of a strong year of sales growth, January sales in the city of Calgary totaled 1,440 units, a 17 per cent increase over the previous year.   ?Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in the condominium sector,? said CREB® chief economist Ann-Marie Lurie. ?While these are the highest January sales levels since 2008, total sales transactions are in line with long-term trends.? Condominium ...
posted in General at Sun, 09 Feb 2014 10:36:27 -0700

Thursday, January 2, 2014 - CREB Monthly Stats

Calgary, Jan. 2, 2014 ? December?s eight per cent year-over-year increase in sales volume in the city of Calgary capped a year that saw an 11 per cent growth in sales volume for the entire 12 months. City residential sales totaled 1,172 units in December, bringing total sold units for 2013 to 23,489. Prices for the year were up by 8.6 per cent over 2012.  ?Sales growth exceeded expectations in 2013, pushing above long-term trends,? said Ann-Marie Lurie, CREB®?s chief economist. ?Two consecutive ... Full Article...
posted in General at Thu, 02 Jan 2014 12:26:55 -0700

Monday, December 2, 2013 - Calgary Monthly Stats - Nov 2013

~~Calgary, Dec. 2, 2013 ? City residential sales totaled 1,730 units in November, a 19 per cent increase in sales volume over the previous year.Following another month of strong activity, year-to-date sales totaled 22,322 units, 11 per cent higher than long-term trends.CREB® President Becky Walters said it appears that several factors are motivating buyers.?Many first-time homebuyers appear to be moving now to get ahead of any further increases in home prices, rent hikes, or an increase in ...
posted in General at Mon, 02 Dec 2013 13:47:54 -0700

Friday, November 1, 2013 - Monthly Stats for October

Calgary, Nov. 1, 2013 ? Residential sales activity totaled 1,953 units in October, an 18 per cent rise over 2012 and pushing year-to-date volume increases to just over 10 per cent. However, on a year-to-date basis, city wide sales remain far below transactions levels recorded throughout 2005 ? 2007. ?Some people have noticed that properties are selling quicker, and at times above list,? said Becky Walters, CREB® president.?But, in spite of very positive signs, we are not seeing a repeat of ...
posted in General at Fri, 01 Nov 2013 13:57:56 -0600

Tuesday, October 1, 2013 - SEPTEMBER SALES STAY STRONG

Calgary, Oct. 1, 2013 ? City of Calgary residential sales totaled 1,923 units in September, 19 per cent higher than last year and 14 per cent higher than long-term averages for the month. While sales activity over the past three months has been above long-term trends, it was less so in September than in July and August. "The impact of the floods likely boosted sales throughout July and August, and it appears as though some of that additional demand is starting to ease," said Ann-Marie Lurie, ... Full Article...
posted in General at Tue, 01 Oct 2013 15:48:30 -0600

Thursday, September 5, 2013 - Summer sales stay strong

Calgary, Aug. 30, 2013 ? City Residential sales within city limits totaled 2,196 units, an 27.5 per cent increase over 2012 and 8.7 per cent on a year-to-date basis. The level of transactions was well above long-term trends for the month, mostly due to improved activity in the single-family sector. However, on a year-to-date basis, activity is only slightly higher than expectations. ?The sales have been limited by the need for more resale listings,? said CREB® President Becky Walters. ?However, ... Full Article...
posted in General at Thu, 05 Sep 2013 07:19:11 -0600

Thursday, August 8, 2013 - Calgary Real Estate industry heading for $9-billion plus year

CALGARY ? Calgary?s residential real estate market is on pace to record one of its highest ever yearly total dollar volume for MLS sales. As of Tuesday, the local industry reached just over $6.8 billion in year-to-date transactions. That is more than $800 million ahead of last year?s pace which was just short of $6 billion as of Aug. 6, according to the Calgary Real Estate Board. In 2012, total dollar volume for the entire year was slightly over $9.1 billion ? only the third time in history it ... Full Article...
posted in General at Thu, 08 Aug 2013 16:51:51 -0600

Thursday, August 1, 2013 - Second-quarter sales, price growth momentum builds in surrounding areas

Resale home activity in the second quarter of this year, mostly preceding recent flooding, remained strong, with sales increasing 4.6 per cent and prices by six per cent. Supply is tightening, with inventory down by 17 per cent on average in the quarter as home buyers who are experiencing tight supply in Calgary look to surrounding areas. The declining supply in the towns is driving price growth, but many of the surrounding communities are still in price recovery compared to peak periods in ... Full Article...
posted in General at Thu, 01 Aug 2013 15:08:26 -0600

Tuesday, July 2, 2013 - JUNE SALES EXECEED EXPECTATIONS

Calgary, July 2, 2013 ? Sales activity in June exceeded growth expectations.City of Calgary monthly residential sales totaled 2,317, a six per cent increase over June 2012 figures, and nearly five per cent higher than levels recorded in the first half of 2012. However, the impact of recent flooding is expected to trickle into the housing statistics over coming months.?While sales and prices continue to show improvement, the city and residents of communities impacted by the recent flooding will ... Full Article...
posted in General at Tue, 02 Jul 2013 17:27:18 -0600

Monday, June 17, 2013 - Could Canada be on course for a soft landing?

With the Canadian Real Estate Association (CREA) hiking its forecast for home sales and prices, economists say calls for a "hard landing" in Canada's housing market are increasingly looking off the mark.The association, which represents realtors across the country, reported on Monday a 3.6-percent jump in May homes sales from April, the largest month-over-month increase in nearly two years. Yet home sales are still 2.6 percent lower than they were a year ago.This has prompted CREA to ratchet up ... Full Article...
posted in General at Mon, 17 Jun 2013 16:53:21 -0600

Monday, June 3, 2013 - City home sales hold momentum

Calgary, June 3, 2013 ? City of Calgary residential monthly sales improved over the previous year, mostly driven by increased demand in the condominium market. Sales activity in all categories totalled 2,544 units for the month, a seven per cent increase over May 2012 figures.?We?re back to normal levels of activity,? said Becky Walters, president of CREB®?s board of directors. ?Last spring was the first time since the recession that we saw more typical levels of sales, and this spring sales ... Full Article...
posted in General at Mon, 03 Jun 2013 15:44:22 -0600

Wednesday, May 1, 2013 - Single-family prices reach new high

Single-family prices reach new highSellers? market conditions push up prices across all categories Calgary, May 1, 2013 ? The benchmark price of single-family homes reached a new high of $452,900 in April, as market conditions that favour the seller finally drove prices above the unadjusted peak of 2007. ?It?s really encouraging to see that the Calgary market remains strong,? said Becky Walters, president of CREB®?s board of directors. ?It?s reassuring to both buyers and sellers to see that ... Full Article...
posted in General at Wed, 01 May 2013 20:44:56 -0600

Tuesday, April 2, 2013 - Tightened housing supply curbs sales volume

Calgary, April 2, 2013 ? The inventory of active homes for sale in Calgary are the lowest March levels in more than five years.  The decline in new listings hampered resale sales growth, which declined by more than two per cent in March compared to March 2012.New listings in March are five per cent lower than levels recorded in 2012, and five per cent lower after the first quarter.  The overall active listings stand at just 4,006 units, up from February?s levels but well below the number ...
posted in General at Tue, 02 Apr 2013 17:25:45 -0600

Saturday, March 16, 2013 - Calgary housing market tops Canada in price growth

CALGARY ? Calgary led the country in February with the best annual price growth in the MLS Home Price Index released by the Canadian Real Estate Association on Friday. But the Calgary market followed a national trend of declining MLS sales in February. However it was at a much lower pace. Nationally, sales were off nearly 16 per cent from a year ago but they were down only two per cent in Calgary. The association also on Friday released an updated forecast in which both sales in Canada and ...
posted in General at Sat, 16 Mar 2013 07:55:13 -0600

Friday, March 1, 2013 - Calgary's resale condominium market shows signs of life

Calgary, March. 1, 2013 ? Total residential sales for the month of February 2013 totaled 1,711 units, a one per cent decline over the previous year. Accounting for the leap year in 2012, activity in the single family market resembles last year?s activity. However, even with one less day in the February 2013 figures, condominium sales have made significant gains increasing by 13 per cent relative to February 2012. Year-over-year single family sales growth totaled 1,209 units in the month of ...
posted in General at Fri, 01 Mar 2013 16:48:42 -0700

Monday, February 25, 2013 - Calgary listed as one of the more affordable housing markets in Canada

CALGARY ? Calgary experienced a housing market renaissance in 2012, reaping the benefits of strong provincial GDP and in-migration, which propelled home resales in the area, says a report released Monday by RBC Economics Research. The latest Housing Trends and Affordability Report listed Calgary as one of the more affordable housing markets in Canada. ?Calgary-area buyers enjoyed significantly lower home ownership costs as a share of income than they faced at the market peak in early 2007 and ... Full Article...
posted in General at Mon, 25 Feb 2013 19:33:23 -0700

Monday, February 25, 2013 - A LOW MORTGAGE RATE IS NOT ALWAYS THE BEST MORTGAGE

There is a huge difference between the lowest mortgage rate on the market, and what may be the best mortgage solution for you. It is common to believe that everything is a black & white comparison with regards to mortgage rates, and that the lowest rate is always the best deal. However, this is most often not the case. Borrowers often overlook the terms and privileges of the mortgage, or do not receive full disclosure on items that are not attractive.Below are some of the situations where ...
posted in General at Mon, 25 Feb 2013 19:18:09 -0700

Monday, February 11, 2013 - New Calgary condo sales soared in 2012

CALGARY ? New condo sales in Calgary in 2012 reached their highest level since 2006, according to a report by consulting firm AltusGroup. The report said new multi-family sales were 4,180 units, which was 26 per cent higher than 2011?s 3,317. Sales peaked in 2005 at 5,868. ?The strength in the market was felt equally in the downtown and suburban markets with both sectors of the market seeing increased demand in 2012,? said the report, authored by Matthew Boukall. ?Particularly strong demand was ... Full Article...
posted in General at Mon, 11 Feb 2013 09:22:09 -0700

Friday, February 1, 2013 - Calgary's resale market continues to improve

Calgary, Feb. 1, 2013 ? Residential real estate sales in the city of Calgary started the year on a positive note, increasing by 15 per cent over the same month in 2012. Total sales were 1,230 units, a significant increase over the 1,068 units last year. But sales remain well below January levels recorded through the peak years of 2003 to 2008. ?While activity is typically slower in the winter months, recent improvements in single-family new listings helped support improved sales in that ...
posted in General at Fri, 01 Feb 2013 17:40:49 -0700

Wednesday, January 16, 2013 - CREB® forecasts moderate sales, price growth for Calgary in 2013

Calgary, Jan. 16, 2013 ? The resale housing market in Calgary and area will see moderate sales and house price growth in 2013, CREB® said today at its annual forecast.Sales growth in the city is expected to ease to 2.2 per cent this year, with house prices rising by 2.9 per cent.?Slower growth trends in employment combined with lower migration estimates will impact sales growth across all resale sectors, and, as listings continue to decline, this will further dampen sales growth, particularly ... Full Article...
posted in General at Wed, 16 Jan 2013 17:18:46 -0700

Tuesday, January 15, 2013 - Calgary best performing real estate market in Canada

CALGARY ? Calgary was the only major Canadian market to see a year-over-year rise in MLS residential sales in December as the national market plunged and the city finished 2012 with the best annual sales growth in the country, according to the Canadian Real Estate Association. In releasing a report Tuesday, the association?s data indicated Calgary MLS sales in December of 1,343 were up 7.2 per cent from December 2011 while Canada saw a decline of 17.4 per cent to 20,538 sales. The average sale ... Full Article...
posted in General at Tue, 15 Jan 2013 07:41:28 -0700

Thursday, January 3, 2013 - Residential real estate sales in the city of Calgary ended the year on a high note

Calgary, Jan. 2, 2013 ? Residential real estate sales in the city of Calgary ended the year on a high note, with sales volume up 15 per cent in 2012 compared to 2011, and benchmark prices up five per cent.?Calgary?s housing market has finally started to recover,? said Ann-Marie Lurie, CREB®?s chief economist. ?While prices remain shy of the highs recorded in 2007, this is a move in the right direction.? Much of the sustainable recovery is fuelled from the growth in the energy sector, spilling ... Full Article...
posted in General at Thu, 03 Jan 2013 07:57:21 -0700

Wednesday, December 19, 2012 - CREA Updated Resale Housing Forecast

OTTAWA ?December 17, 2012 ? The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2012 and 2013.When CREA?s resale housing forecast was published in September, activity showed the first signs of slowing in the wake of new mortgage lending regulations. Demand has remained at lower levels, and this trend is expected to persist through the end of the year. ...
posted in General at Wed, 19 Dec 2012 08:52:28 -0700

Monday, December 3, 2012 - CALGARY RESALE MARKET REMAINS IN BALANCE

Calgary, Dec. 3, 2012 ? Residential sales in the City of Calgary have increased by 15 per cent on a year-to-date basis, and were up 8-per-cent in November compared to the same month in 2011. Nearly eight consecutive months of double-digit, year-over-year sales growth has caused inventory levels to decline because new listings have not kept up.  However, the ratio between sales and inventory indicates the market remains in balanced territory. ?With fewer inventories in the market, consumers are ... Full Article...
posted in General at Mon, 03 Dec 2012 15:48:51 -0700

Thursday, November 15, 2012 - Calgary housing market tops in Canada for sales growth

CALGARY ? Calgary?s resale housing market had the highest annual rate of sales growth in the country in October, according to the Canadian Real Estate Association. In releasing its monthly MLS data on Thursday, the association said sales in Calgary rose by 26.7 per cent to 2,104 transactions. Nationally, sales dipped by 0.8 per cent to 35,971. The average sale price in Calgary also outpaced the national average. Prices in the city rose by 5.0 per cent from a year ago to $418,721 while the price ... Full Article...
posted in General at Thu, 15 Nov 2012 08:33:57 -0700

Friday, November 2, 2012 - Calgary housing market does not show signs of slowing

Calgary, Nov. 1, 2012 ? City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011.  The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011. ?Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth,? said CREB® President Bob Jablonski.  ?However, despite the higher than anticipated sales growth this year our market is not ...
posted in General at Fri, 02 Nov 2012 08:19:18 -0600

Wednesday, October 31, 2012 - Calgary house prices flirting with 2007 peak level

CALGARY ? Calgary?s resale housing market in October is continuing to show very strong year-over-year sales growth with average prices competing with the peak level of 2007. According to the Calgary Real Estate Board, month-to-date until October 30, total MLS transactions in the city of 1,603 are up 23.88 per cent from the same period a year ago and the average sale price has risen by 7.22 per cent to $435,922. The October activity has pushed year-to-date sales to 18,616, an increase of 15.85 ... Full Article...
posted in General at Wed, 31 Oct 2012 15:15:15 -0600

Tuesday, October 23, 2012 - Bank of Canada keeps rate at 1% but hike on radar

OTTAWA ? The Bank of Canada answered some of its critics Tuesday, but only slightly, reworking the wording of its interest rate guidance, but signalling it is still looking to raise borrowing costs ? not lower them ? ?over time.? It also kept its trendsetting rate at 1%, where it has been since September 2010, a move that was universally expected. Many economists have been urging bank governor Mark Carney to rethink the bank?s rate-hike bias and keep options open on the timing of any change it ... Full Article...
posted in General at Tue, 23 Oct 2012 08:35:16 -0600

Tuesday, October 9, 2012 - Alberta oil riches driving Canada's economy: BMO

CALGARY ? Canada?s economic growth is being driven by resource-rich Western provinces, according to a Bank of Montreal report released Tuesday. Alberta leads the pack, with the bank predicting 3.5% real GDP growth this year, falling back a bit to 2.9% in 2013. ?The energy sector remains the key driver of economic activity in the province, with crude bitumen production up 16% year-over-year through the first half of the year, and the Energy Resources Conservation Board expecting oil sands output ... Full Article...
posted in General at Tue, 09 Oct 2012 14:05:18 -0600

Tuesday, October 9, 2012 - Majority of Calgarians polled believe housing market is affordable

CALGARY ? The majority of Calgarians feel the city?s housing market is affordable, according to a survey by PwC. The survey indicated 64 per cent of respondents felt this way with 60 per cent saying it was "somewhat affordable" and four per cent saying it was "very affordable." But 33 per cent felt it was beyond their financial means, with 25 per cent saying it was "not affordable" and eight per cent indicating it was "not at all affordable." For the past month, Aryn Flette has been searching ... Full Article...
posted in General at Tue, 09 Oct 2012 08:31:20 -0600

Monday, October 1, 2012 - Calgary area sales and price growth continue, despite national trends

Calgary, Oct. 1, 2012 ? Residential sales activity continues to improve in the Calgary area, as year-over-year sales for the month of September increased by 11 per cent.  After the first three quarters of the year, residential sales within city limits totaled 17,018, a 15-per-cent increase over 2011. ?There has been significant discussion over the slowing national market,? said Bob Jablonski, CREB® President. ?However, Calgary is seeing improving sales activity and price growth with no ...
posted in General at Mon, 01 Oct 2012 14:53:54 -0600

Thursday, September 27, 2012 - It pays to work in Alberta

CALGARY ? Alberta has the highest average weekly earnings in the country and in July the province experienced the best month-over-over month growth in earnings in Canada. Statistics Canada reported Thursday that average weekly earnings in Alberta reached $1,094.85, up 2.5 per cent from June. It was also up 6.1 per cent from a year ago. Across Canada, average weekly earnings of non-farm payroll employees were $906.68, up 1.1 per cent from the previous month. On a year-over-year basis, earnings ... Full Article...
posted in General at Thu, 27 Sep 2012 09:06:56 -0600

Sunday, September 9, 2012 - City growth slows while town sales continue to soar

Calgary, Sept. 4, 2012 ? Following several months of higher than expected sales growth, Calgary residential sales in August totaled 1,725 units, a 10-per-cent increase over last year. ?While the sales grow remains strong, it is slower than previous five months in part due to the lack of new listings in the City?s single family market,? said Bob Jablonski, CREB® President.  ?With fewer products to choose from, many consumers are holding off on transacting or turning to surrounding towns, the new ... Full Article...
posted in General at Sun, 09 Sep 2012 10:12:27 -0600

Tuesday, August 14, 2012 - Average house prices in Calgary region to jump by $20,000 in next two years

The average MLS residential sale price in the Calgary region will climb by more than $20,000 over the next two years, according to Canada Mortgage and Housing Corp.In its third quarter 2012 Housing Market Outlook, released Tuesday, the CMHC said the average MLS sale price in the Calgary census metropolitan area will jump from $402,851 in 2011 to $413,000 this year and then to $424,000 in 2013.The report also said MLS sales in the Calgary CMA will increase from 22,466 in 2011 to 25,200 this year ... Full Article...
posted in General at Tue, 14 Aug 2012 11:09:08 -0600

Thursday, August 2, 2012 - Calgary continues to buck national housing sale trends

Calgary continues to buck national housing sale trends. The 1,936 residential units sold in July represent a 21.3-per-cent increase over 2011. ?Recent mortgage rule changes prompted much discussion of a national housing correction.  While the two largest cities (Vancouver and Toronto) have started to witness declines in home sales activity, Calgary continues to record improving sales and prices,? says Ann-Marie Lurie, Chief Economist for CREB®. ?The gains were supported from the economic growth ... Full Article...
posted in General at Thu, 02 Aug 2012 18:31:37 -0600

Sunday, July 29, 2012 - 'Average' house prices don't tell the whole story

There are better indicators to glean market trends. When someone asks how house prices are doing in a particular neighbourhood, the question seems easily answered. The big real estate boards all issue monthly price reports that spell out what the average selling price was in the previous month and how that compares to the month, and the year, before. But there's a problem with trying to divine market direction from average price data. It's just too blunt a tool. If real estate ? as the saying ... Full Article...
posted in General at Sun, 29 Jul 2012 06:50:48 -0600

Friday, July 27, 2012 - Alberta economy to lead Canadian growth in 2012

CALGARY ? The Alberta economic outlook is generally positive with the highest rate of growth for all provinces of 3.8 per cent this year, says the Conference Board of Canada in its latest forecast released Friday. ?But weak natural gas prices and volatile crude oil prices ? particularly the wide spread between Canadian crude and the international benchmark ? are leading to uncertainty about future capital spending plans in the energy sector,? said the board. The board forecasts that prices will ... Full Article...
posted in General at Fri, 27 Jul 2012 10:16:46 -0600

Thursday, July 5, 2012 - Calgary Real Estate market trending towards long term stability

Calgary, July 3, 2012 ? Residential sales in the City of Calgarytotaled 11,752 for the first half of this year, a 16-per-centincrease over the same period last year. The rise in sales hasbrought activity levels closer to long-term trends in the city.?Recent mortgage rule changes may dampen some of thegains in the resale market,? says Ann-Marie Lurie, CREB®?s chiefeconomist. ?But this is not expected to cause a full reversal ofeither sales or price growth, provided the global economicsituation ... Full Article...
posted in General at Thu, 05 Jul 2012 08:26:43 -0600

Thursday, June 28, 2012 - Calgarys population again on the rise, civic census reveals

Calgary?s population is booming again, rising to 1,120,225. Results of the city?s 2012 civic census released today shows significant growth of 29,289 new residents, or a 2.86 per cent increase from April 2011. The boom is similar to 2007, which saw the city population swell by 2.84 per cent. including growing multi-family to single family split of 43/57. That change is up from 20/80 in 2010. With 8,387 new homes, the city is seeing a 23 per cent increase from 2010. Last year?s census showed ... Full Article...
posted in General at Thu, 28 Jun 2012 17:04:12 -0600

Saturday, June 23, 2012 - The MLS Home Price Index Increased in May 2012

OTTAWA ? June 22, 2012 ? According to statistics released today by The Canadian Real Estate Association (CREA), the MLS® Home Price Index, the leading measure of Canadian home prices, increased in May 2012.Highlights: ?The Aggregate Composite MLS® Home Price Index rose 5.2% on a year-over-year basis in May 2012. ?Prices rose further in all five markets and in every Benchmark home category tracked by the index. ?Price increases were biggest in Greater Toronto (7.9%), followed by Calgary (4.8%), ... Full Article...
posted in General at Sat, 23 Jun 2012 08:49:31 -0600

Thursday, June 21, 2012 - Ottawa tighens mortgage rules to avert household debt crisis

OTTAWA ? The federal government is moving once again to tighten mortgage lending rules, announcing Thursday it?s reducing the maximum amortization period for a government-insured mortgage to 25 years from 30 years. The decision follows warnings from banks about an overheated housing market and rising household debt levels. The changes, announced by Finance Minister Jim Flaherty, are the third time the government has reduced the maximum amortization period in the last four years, ratcheting it ... Full Article...
posted in General at Thu, 21 Jun 2012 07:59:08 -0600

Wednesday, June 6, 2012 - Torontonians flee city to escape land transfer tax

Torontonians flee city to escape land transfer taxGarry Marr  Jun 5, 2012 ? 10:49 AM ET | Last Updated: Jun 5, 2012 11:36 PM ETReutersOn the average home in Toronto, the city's land transfer tax is now adding $7,100.36 to purchase price. The Toronto Real Estate Board say people in the city are moving to the suburbs to avoid the land transfer tax and it points to its latest statistics as evidence.Sales in the area continue to go up at a double digit pace but TREB says it is being driven by the ... Full Article...
posted in General at Wed, 06 Jun 2012 08:51:05 -0600

Saturday, June 2, 2012 - ACTIVE SPRING MARKET IN THE CALGARY REGION

Low supply in the single-family market boosting activity across all sectorsCalgary, June 1, 2012 ? May 2012 residential sales in the City ofCalgary increased by 31.8 per cent over last year, to 2,385,making it the highest May activity since the recession.?In the past month, easing concerns regarding Calgary?slong- term economic prospects combined with continued fulltimejob growth and low interest rates, has contributed to therise in housing demand, pushing sales to levels more consistentwith ... Full Article...
posted in General at Sat, 02 Jun 2012 08:19:50 -0600

Tuesday, May 29, 2012 - Calgary bucks the affordability trend

Royal Bank of Canada (RY-T50.970.541.07%) says home ownership was less affordable in most major Canadian cities during the first quarter, although Calgary and Edmonton bucked the trend. The latest RBC Economics report on home affordability says its index deteriorated sharply in Vancouver and to a lesser degree in Toronto, Montreal and Ottawa ? primarily due to higher real-estate prices. But the bank?s affordability index was unchanged in Calgary and improved in Edmonton compared with the fourth ... Full Article...
posted in General at Tue, 29 May 2012 11:29:08 -0600

Tuesday, May 15, 2012 - Calgary leads country in year-over-year MLS sales growth

Calgary led the country in April with the highest year-over-year growth in MLS sales, according to the Canadian Real Estate Association. In a report released Tuesday of housing market activity in Canada?s major centres, CREA said MLS sales of 2,720 in Calgary were up 30.3 per cent from a year ago. In Canada, sales of 49,480 for the month increased by 11.5 per cent from April 2011. The average MLS sale price in Calgary rose by 0.7 per cent to $414,932 while it was up 0.9 per cent in Canada to ... Full Article...
posted in General at Tue, 15 May 2012 08:10:10 -0600

Thursday, May 10, 2012 - Canada new home prices rise more than expected

OTTAWA ? The prices of new homes in Canada rose by 0.3% in March from February, the 12th consecutive monthly increase, Statistics Canada said on Thursday. The increase was slightly greater than the 0.2% advance predicted by market operators. Compared with March 2011 the index rose by 2.6%, up from the 2.3% year-on-year growth recorded in February. The metropolitan region of Toronto and Oshawa, representing 26.6% of the overall market, was the top contributor to the month-on-month advance, ...
posted in General at Thu, 10 May 2012 09:31:56 -0600

Tuesday, May 1, 2012 - A RETURN TO TYPICAL SALES ACTIVITY IN THE CALGARY REGION

Calgary, May 1, 2012 ? For the month of April 2012, year-overyearsales activity improved across all sectors in the city. Calgary residential sales total 2,200 for the month, a 26 percent increase over levels recorded last year. ?The growth in full-time employment, combined withimproving migration levels, is translating into improveddemand for housing,? says Ann-Marie Lurie, CREB® chiefeconomist. ?While sales growth does seem exceptionallystrong, it is important to keep in perspective that the ... Full Article...
posted in General at Tue, 01 May 2012 13:16:31 -0600

Tuesday, May 1, 2012 - Calgary housing market soars in April

CALGARY ? It was a very busy April for Calgary?s housing market. According to the Calgary Real Estate Board, overall residential MLS sales in the city of 2,200 for the month were up 26.07 per cent from April 2011 and the average sale price of $429,388 increased by 1.95 per cent from last year. Carrie Pepper was one of the many caught up in the April activity as she bought a condo in the Thorncliffe-Greenview neighbourhood. ?I wasn?t even planning on buying. I was looking for two months maybe. I ... Full Article...
posted in General at Tue, 01 May 2012 08:06:56 -0600

Wednesday, April 25, 2012 - Bidding drives MLS home sale to $6 million, third highest ever in Calgary

CALGARY ? It is a testament of Calgary?s booming luxury home market.Recently it took only a couple of days for a home in the upscale Britannia neighbourhood to sell for $6 million as multiple bids upped the price by $1 million from what it was originally listed, making it the third highest-ever MLS sale in the city, the Herald has learned.The custom-built home, in a private ridge setting, was listed and sold by Rooney Cronin + Valentine of RE/MAX Real Estate Central. Sue Anne Valentine was the ... Full Article...
posted in General at Wed, 25 Apr 2012 08:47:54 -0600

Tuesday, April 24, 2012 - Alberta emerges on top after years of weaker housing starts

John Shmuel  Apr 11, 2012 ? 8:42 AM ET | Last Updated: Apr 13, 2012 4:45 PM ET Home construction is booming in the Prairies, and Alberta, after years of tepid housing starts, is leading the charge.The rate of residential construction, especially condominiums, has lagged the oil boom in Alberta in the past few years. But blockbuster housing starts in March ? they jumped 72% year over year ? hint that residential construction is getting hot again.The data were released by Canada Mortgage and ...
posted in General at Tue, 24 Apr 2012 09:19:35 -0600

Saturday, April 14, 2012 - Oil boom finally hits Alberta housing starts

Economists predict strong year for Prairies Home construction is booming in the Prairies - and Alberta, after years of tepid housing starts, is leading the charge.The rate of residential construction, especially condominiums, has lagged behind the oil boom in Alberta in the past few years.But blockbuster housing starts in March - they jumped 72 per cent year over year - hint that residential construction is getting hot again.The data, released by Canada Mortgage and Housing Corp., showed starts ... Full Article...
posted in General at Sat, 14 Apr 2012 08:28:59 -0600

Monday, April 2, 2012 - Single Family leads Calgary housing growth

Calgary, April 2, 2012 ? City of Calgary residential sales continued to rise in March 2012, reaching 2,167 units, an increase of 12.6 per cent over last March.?The rise in activity is related to the continued improvement of our economy and consumer confidence, as some concerns regarding the global economy have eased,? says Ann-Marie Lurie, CREB® chief economist.After the first quarter of 2012, sales are up by 7.3 per cent over the same time last year. While the increase is significant, when ... Full Article...
posted in General at Mon, 02 Apr 2012 15:46:04 -0600

Monday, February 13, 2012 - Steady growth forecast for Calgary housing market

CALGARY ? Steady growth is forecast for Calgary?s housing market in the next two years, according to a new report released Monday by Canada Mortgage and Housing Corp. The agency said MLS sales in the Calgary census metropolitan area will grow to 23,000 transactions in 2012 and to 23,700 in 2013 from 22,466 in 2011. The CMHC said the average sale price will rise from $402,851 in 2011 to $409,000 in 2012 and $420,000 in 2013. The optimistic forecast also translates into the new housing ...
posted in General at Mon, 13 Feb 2012 08:21:41 -0700

Wednesday, February 8, 2012 - CALGARY HOME PRICES UP FROM A YEAR AGO

New price tool shows year-over-year growth Calgary, February 6, 2012 ? The year-over-year value of homes in Calgary increased in January 2012 by 2.7 per cent, according to a new price measurement tool vetted by academia and financial industry experts, including the Bank of Canada. The new MLS® Home Price Index (HPI) was introduced today by the Canadian Real Estate Association in partnership with Canada?s five largest real estate boards ? Vancouver, Fraser Valley, Calgary, Toronto and ...
posted in General at Wed, 08 Feb 2012 07:51:24 -0700

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