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Thursday, March 2, 2023 - February Market Review

FEBRUARY HOUSING MARKET UPDATEMarch 1, 2023 Lowest February inventory since 2006 Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.?While higher lending rates are impacting sales activity as expected, we are seeing a stronger pullback in new listings, ... Full Article...
posted in General at Thu, 02 Mar 2023 00:11:52 +0000

Wednesday, February 1, 2023 - January Market Update

JANUARY HOUSING MARKET UPDATEFeb. 1, 2023 Supply of lower-priced homes remains low for January The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there has been a shift in the composition of sales as ...
posted in General at Wed, 01 Feb 2023 23:35:13 +0000

Thursday, January 5, 2023 - December Market Update

DECEMBER HOUSING MARKET UPDATEJan. 3, 2022 2022 saw record-high sales and double-digit price growth December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing further declines in inventory levels. As of December, there were 2,214 units available in Inventory, making it ... Full Article...
posted in General at Thu, 05 Jan 2023 17:19:43 +0000

Tuesday, December 6, 2022 - November Market Update

NOVEMBER HOUSING MARKET UPDATEDec. 1, 2022 2022 on track to be a record year for sales Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average. The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 per cent above last year?s record high. The year-to-date sales growth has been driven by a surge in both apartment condominium and row ... Full Article...
posted in General at Tue, 06 Dec 2022 00:19:34 +0000

Wednesday, November 2, 2022 - October Market Review

Nov. 01, 2022 | CREB Sales remain stronger than pre-covid levels City of Calgary, Nov. 1, 2022 ? October sales eased compared to last year?s levels, mostly due to slower activity in the detached sector. However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only two months to go, 2022 will likely post a record year in terms of sales. ?Calgary hasn?t seen the same degree of ... Full Article...
posted in General at Wed, 02 Nov 2022 19:07:26 +0000

Tuesday, October 4, 2022 - September Market Update

SEPTEMBER HOUSING MARKET UPDATEOct. 3, 2022 Demand shifting to more affordable options Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year.However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September. Despite recent pullbacks in sales, and thanks ... Full Article...
posted in General at Tue, 04 Oct 2022 21:33:04 +0000

Monday, September 5, 2022 - August Market Update

Supply levels ease with fewer new listings in August City of Calgary, September 1, 2022 ? August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.?While higher lending rates have slowed activity in the detached ...
posted in General at Mon, 05 Sep 2022 17:38:11 +0000

Tuesday, August 2, 2022 - July Market Review

FOR IMMEDIATE RELEASE Detached home sales decline as apartment condominium sales rise City of Calgary, Aug. 2, 2022 ? Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our ... Full Article...
posted in News at Tue, 02 Aug 2022 22:11:56 +0000

Wednesday, June 1, 2022 - May market Update

FOR IMMEDIATE RELEASE Market continues to favour the seller despite slowing sales City of Calgary, June 1, 2022 ?  For the second month in a row, sales activity trended down after all-time record high sales in March. While activity in the market slowed down in May with 3,071 sales, levels are still slightly higher than last year?s record high and are far stronger than typical levels of activity recorded in May.?It?s not a surprise to see sales ease from the exceptionally strong levels seen ...
posted in News at Wed, 01 Jun 2022 21:38:16 +0000

Monday, May 2, 2022 - April Market Update

FOR IMMEDIATE RELEASE Sellers' market conditions continue in April  City of Calgary, May 2, 2022 ?  Following an all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales, it was still a gain of six per cent over last year and a record high for the month of April. ?Despite some of the monthly pullback, it is important to note that sales remain exceptionally strong and are likely being limited due to supply choice in the market,? said CREB® Chief ...
posted in News at Mon, 02 May 2022 22:11:17 +0000

Tuesday, April 5, 2022 - March Market Update

Record high sales seen again in March City of Calgary, April 1, 2022 ? For the second month in a row, sales activity not only reached a monthly high but also hit new record highs for any given month. Gains occurred across every property type as they all hit new record highs.An increase in new listings this month helped support the growth in sales activity. However, inventories have remained relatively low, ensuring the market continues to favour the seller. ?While supply levels have improved ... Full Article...
posted in News at Tue, 05 Apr 2022 16:25:23 +0000

Thursday, March 3, 2022 - February Market Update

FOR IMMEDIATE RELEASE Sales continue to surge as listings rise City of Calgary, March 1, 2022 ?  Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last months levels. However, with only one month of supply, the market continues to favour the seller. ?Sales have been somewhat restricted by the lack of supply choice in the market. While sellers did respond with a ... Full Article...
posted in News at Thu, 03 Mar 2022 18:14:49 +0000

Tuesday, February 1, 2022 - January Market Summary

FOR IMMEDIATE RELEASE Sellers? market conditions continue to impact prices City of Calgary, Feb. 1, 2022 ? Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months. The tight market conditions contributed to further upward pressure on prices. The unadjusted benchmark price in January reached $472,300, a monthly gain of nearly two per ... Full Article...
posted in News at Tue, 01 Feb 2022 19:47:31 +0000

Tuesday, January 4, 2022 - 2021: Year in Review

FOR IMMEDIATE RELEASE 2021 record year for home sales City of Calgary, Jan. 4, 2022 ? Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary sales reached 27,686 units this year, nearly 72 per cent higher than last year and over 44 per cent higher than the 10-year average.?Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months. However, as is the case in many other cities, the supply has not kept ... Full Article...
posted in News at Tue, 04 Jan 2022 18:00:33 +0000

Wednesday, December 1, 2021 - November Market Review

Persistent sellers? market conditions drive up prices* City of Calgary, Dec. 1, 2021 - Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005.?Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,? said CREB® Chief Economist Ann-Marie Lurie.?At the same time, supply levels have struggled to keep pace, ...
posted in News at Wed, 01 Dec 2021 22:57:57 +0000

Tuesday, November 2, 2021 - October market Summary

Market continues to favour the seller in October City of Calgary, Nov. 1, 2021 - There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages. Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than average activity recorded over the past five years and 42 per cent higher than 10-year averages.?Moving into the fourth quarter, the pace of housing demand continues to exceed expectations in the city,? ... Full Article...
posted in News at Tue, 02 Nov 2021 17:19:01 +0000

Tuesday, October 5, 2021 - September Update

Sales remain strong in September City of Calgary, Oct. 1, 2021 ? Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month. ?While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers who were unable to transact earlier in the year when supply levels had not yet adjusted ... Full Article...
posted in News at Tue, 05 Oct 2021 16:22:28 +0000

Tuesday, September 7, 2021 - August Market Update

Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years. ?Sales have far exceeded expectations throughout most of the pandemic, driven mostly by demand for detached homes. At the same time, supply could not keep pace and ... Full Article...
posted in News at Tue, 07 Sep 2021 22:32:35 +0000

Friday, July 2, 2021 - June Market Update

Supply trends up but market still favours the seller City of Calgary, July 2, 2021 ? Calgary?s housing market is showing few signs of letting up, as sales reached 2,915 units in June ? a record high for the month. ?It is taking time for supply to catch up with the demand in the market,? said CREB® chief economist Ann-Marie Lurie. ?Through the early spring market, many buyers did not have a lot of choice, but the recent improvements in supply are providing more options for those purchasers and ... Full Article...
posted in News at Fri, 02 Jul 2021 20:36:47 +0000

Tuesday, June 1, 2021 - May Market Update

Inventory rises, but sellers' market conditions persist City of Calgary, June 1, 2021 ? With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month. "The recent gains in prices have encouraged more homeowners to list their homes and take advantage of the current market situation," said CREB® chief ... Full Article...
posted in General at Tue, 01 Jun 2021 21:31:26 +0000

Monday, May 3, 2021 - April Market Facts

Demand for homes remains high with record sales in April  City of Calgary, May 3, 2021 ? There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020. "Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens," said CREB® chief economist Ann-Marie Lurie. "However, the recent surge in home sales could be a result of potential buyers wanting ... Full Article...
posted in News at Mon, 03 May 2021 18:09:55 +0000

Thursday, April 1, 2021 - March Sales Update

Calgary housing market sees best March sales in over a decade Persistent sellers? market conditions contribute to price gains City of Calgary, April 1, 2021 ? The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007.   ?Low lending rates and improved savings have supported sales activity,? said CREB® chief economist Ann-Marie ... Full Article...
posted in News at Thu, 01 Apr 2021 18:56:00 +0000

Monday, March 29, 2021 - Mortgage Refresher

Here is a quick referesher of what we need to know about mortgages thanks to my friends at RBC: Fixed Rate Mortgage The interest rate for a fixed rate mortgage is locked in for the full term of the mortgage. Payments are set in advance for the term, providing you with the security of knowing precisely how much your payments will be throughout the entire term. Fixed rate mortgages can be open (may be paid off at any time without breakage costs) or closed (breakage costs apply if paid off prior ... Full Article...
posted in General at Mon, 29 Mar 2021 20:27:50 +0000

Friday, March 27, 2009 - The New Website!

Today marks the first day of the new website. The new site offers a wealth of fresh industry information that's constantly being updated. Have a great time checking it out!
posted in General at Fri, 27 Mar 2009 21:37:30 +0000

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