New year brings changes to CREB stats
Will add ‘consistency’ to housing stock numbers Seeking to provide consumers and industry experts with a better picture of Calgary’s housing market, CREB has altered some of the categories in its...
View ArticleConsumer confidence impacting demand
CREB’s monthly stats show Calgary sales in January total 880 units, below typical activity Low oil prices throughout January, combined with a shifting outlook in the energy sector, caused unease for...
View ArticleShifting confidence
Energy prices influencing choices in Calgary housing market Jordan Meloches and his fiancée Ashley Hopkins didn’t hesitate when they recently purchased a condominium in the northeast community of...
View ArticleInventory gains influence housing prices
First quarter activity reflects economic uncertainty Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative...
View ArticleNew listings decline as home prices ease
Improved sales to new listings ratio reduces inventory gains After the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, an...
View ArticleWhere we’ve been . . .
Roller-coaster ride to start 2015 ended with more balanced conditions The arrival of 2015 was bound to signal a change of pace for Calgary’s resale real estate industry, which had just wrapped a bow...
View ArticleWhere we’re going . . .
Outside factors will impact housing market through 2016 With the sun in Calgary rising and falling relative to the price of a barrel, it should be no surprise that the city’s real estate market will...
View ArticleMarket remains balanced despite easing in absorption rates
Supply gain in apartment sector threatens to impact price Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the...
View ArticleInventory 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...
View ArticlePrices 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....
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Two sides of the story
December sales activity rises again, but so does supply Sales activity for all product types improved in December and pushed monthly sales to long-term averages for the second month in a row. However,...
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The price is right
Proper pricing is a crucial part of selling your home If you want to sell your home, it is critical to have it priced correctly. If it’s priced too high, it will be passed over in the sea of listings...
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Lacklustre luxury
High-end housing market continues sluggish recovery, but slow sales bump up supply As a former long-time writer with the Calgary Herald focusing on the real estate beat, I knew how popular coverage of...
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Behind the numbers
A luxury market stats breakdown with CREB® chief economist Ann-Marie Lurie CREB®Now: How do statistics for luxury homes fit into the overall housing market in Calgary? Lurie: It’s usually the media...
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Lending conditions weigh on housing demand
May sales activity continued to ease, with the largest declines occurring in the detached sector. Additional gains in new listings continued to increase inventory levels. Citywide sales activity in May...
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Unemployment rate slows housing market recovery
Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. Persistent oversupply in the Calgary housing market continued to...
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Where we’ve been . . .
Roller-coaster ride to start 2015 ended with more balanced conditions The arrival of 2015 was bound to signal a change of pace for Calgary’s resale real estate industry, which had just wrapped a bow...
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