OCTOBER 2024 HOUSING MARKET UPDATE
November 1, 2024
Supply levels improving for higher-priced homes
Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month.
?Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last ...
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at Fri, 01 Nov 2024 19:37:08 +0000
SEPTEMBER 2024 HOUSING MARKET UPDATE
October 1, 2024
New listing growth driven by higher-priced homes
Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 per cent below last year's record high. Despite the decline, sales this month were still over 16 per cent higher than levels traditionally achieved in September.?We are starting to see a rise in new listings in our market. However, most of the ...
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at Wed, 02 Oct 2024 21:47:28 +0000
[August 2024 Housing Statistics]August 2024 Housing Statistics
Sept. 03, 2024 | CREB
Calgary housing market sees shifts
Housing activity continues to move away from the extreme sellers? market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.
As expected, rising new home construction and gains in new listings are starting to support a better-supplied housing ...
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at Fri, 06 Sep 2024 20:14:43 +0000
June 2024 HOUSING MARKET UPDATE
July 2, 2024
June sales decline amid supply challenges and rising prices
Sales in June reached 2,738, marking a 13 per cent decline from last year?s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 per cent higher than long-term trends.?The pullback in sales reflects supply challenges in the lower price ranges, ...
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at Wed, 03 Jul 2024 23:01:55 +0000
MAY 2024 HOUSING MARKET UPDATE
June 3, 2024
Calgary home sales remain robust despite supply shortages in lower price ranges
In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one per cent below last year's record high, it is 34 per cent higher than long-term trends for the month. The pullback in sales was primarily driven by declines in lower-priced detached and semi-detached homes, where there was limited supply choice ...
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at Tue, 04 Jun 2024 21:41:49 +0000
APRIL 2024 HOUSING MARKET UPDATE
May 1, 2024
Price growth persists in Calgary as seller?s market prevails
Sales in April rose by seven per cent compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37 per cent higher than long-term trends for the month. Much of the growth in sales has occurred for relatively more affordable, higher-density products. At the same time, there were 3,491 new listings in April, an 11 per cent gain over ...
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at Thu, 02 May 2024 17:01:35 +0000
DECEMBER 2023 HOUSING MARKET UPDATEJanuary 2, 2024
Strong migration and low supply drive Calgary housing prices in 2023
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominiums style homes.?Higher lending rates dampened housing demand this year, but thanks to ...
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at Tue, 02 Jan 2024 21:07:10 +0000
NOVEMBER 2023 HOUSING MARKET UPDATEDecember 1, 2023
Increased listings, strong sales, and price growth
New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.Despite the year-over-year jump in new listings, inventory levels remained low thanks to relatively strong sales. With 1,787 ...
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at Tue, 05 Dec 2023 00:13:45 +0000
APRIL 2023 HOUSING MARKET UPDATEMAY 1, 2023
Prices reach new record high
Persistent sellers? market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city. ?While sales activity is performing as expected, the steeper pullback in new listings has ensured that supply levels remain low,? said CREB® Chief ...
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at Mon, 01 May 2023 21:31:06 +0000
CREB®'s Q1 2023 Housing Market Report
Sales activity has behaved as expected through the start of 2023 and slowed by 43 per cent over last year?s all-time record-high performance in the first quarter. The steeper decline in the first quarter was expected, given the surge in sales last year, as purchasers were eager to enter the market ahead of expected rate gains.?While no further rate gains have occurred so far this year, the higher lending rates and limited supply options are contributing to ...
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at Thu, 27 Apr 2023 19:10:54 +0000
MARCH HOUSING MARKET UPDATEApril 3, 2023
Prices rise as conditions favour the seller
Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly in the seller?s territory. While conditions are not as tight as ...
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at Mon, 03 Apr 2023 20:45:14 +0000
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, ...
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at Thu, 02 Mar 2023 00:11:52 +0000
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 ...
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at Wed, 01 Feb 2023 23:35:13 +0000
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 ...
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at Thu, 05 Jan 2023 17:19:43 +0000
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 ...
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at Tue, 06 Dec 2022 00:19:34 +0000
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 ...
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at Wed, 02 Nov 2022 19:07:26 +0000
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 ...
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at Tue, 04 Oct 2022 21:33:04 +0000
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 ...
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at Mon, 05 Sep 2022 17:38:11 +0000
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 ...
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at Tue, 01 Jun 2021 21:31:26 +0000
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 ...
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posted in General
at Mon, 29 Mar 2021 20:27:50 +0000
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
