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REAL ESTATE BLOG

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Saturday Oct 24th, 2020 Share

CREB®'s Q3 2020 Housing Report released

City of Calgary, October 22, 2020 – Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels. Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lending rates and previous price declines. Gains were driven by all property types except apartment condominiums. "As the...

Friday Oct 2nd, 2020 Share

Home sales rise along with supply

September sales activity jumped to 1,702 units, the strongest September total since 2014. New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market is still down 12 per cent compared to last year. "The recent rise in new listings, combined with low lending rates and softness in prices, has helped support some of the...
156 Ranch Estates Drive NW

Wednesday Sep 2nd, 2020 Share

August home sales consistent, but COVID-19 impacts continue

Tuesday Aug 4th, 2020 Share

Detached and semi-detached home sales rise, but economic uncertainty remains

With higher sales for both detached and semi-detached product, July sales totals rose above last year's levels. Despite the improvements in July, year-to-date sales remain 15 per cent lower than last year's levels. "There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic levels," said CREB® chief economist Ann-Marie Lurie. "We are still facing record high...

Saturday Jul 4th, 2020 Share

Sales decline by two per cent from last year amidst COVID-19 pandemic

After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totalling 1,747 units. Caution remains necessary, as monthly sales are nearly two per cent lower than activity recorded last year. However, this represents a significant improvement compared to the past several months, where year-over-year declines exceeded 40 per cent. “Recent price declines, easing mortgage rates and early easing of social...

Monday Jun 1st, 2020 Share

COVID-19's impact on Calgary housing market continues

City of Calgary, June 1, 2020 – Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary. May sales totalled 1,080 units, a 44 per cent decline from last year's figures. "The initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and sellers back to the market. However, this market continues to remain far from normal and prices are trending...

Friday May 1st, 2020 Share

Calgary real estate market feeling impact of COVID-19

Monday Apr 27th, 2020 Share

COVID-19 Impacts and the Housing Market Quarterly Report Released

April 27, 2020 – Due to COVID-19 impacts in Calgary’s housing market and general economy, it is not business as usual. This year was projected to be a time when Calgary would start to see some modest improvements. “The uncertainty surrounding the COVID-19 pandemic and the energy industry is expected to cause a dramatic decline in housing demand over the second quarter,” said CREB® chief economist Ann-Marie Lurie. “With social distancing...

Thursday Apr 2nd, 2020 Share

COVID-19 weighing on housing market

From CREB: After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society. The economic impact is starting to be felt across many industries. This includes the housing market. March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about social distancing measures. This had a heavy impact on businesses and employment. “This is an unprecedented time with a...

Wednesday Mar 4th, 2020 Share

Home sales see a bump

CREB Market Update, March 2, 2020 – This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s. With the extra day this February, monthly sales totaled 1,197 units.  A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer-term trends and consistent with the lower levels reported over the past five years. “However, this should not...

Friday Feb 14th, 2020 Share

2020 opens with a slight gain in sales

CREB Media Release, February 3, 2020  Housing market conditions continue to follow similar trends to last year, with gains in sales. At the same time, there have been further reductions in new listings, inventory and more declines in prices. January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five...
Top 5 Home Renovations When Selling

Monday Mar 18th, 2019 Share

Top 5 Renovations When Selling

How to Choose the Right Mortgage

Monday Mar 18th, 2019 Share

How to Choose the Right Mortgage

5 steps to selling your home

Monday Mar 18th, 2019 Share

5 steps to selling your home

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