November sales slide into old patterns Calgary, December 1, 2016. Coming off a month of stronger sales activity, November’s housing market returned to previous trends. Year-over-year monthly sales totaled 1,227 units, which is nearly 3 per cent lower than last year and 17 per cent below long-term averages. “November was the first full month with… [Read More]
Real estate stats October 2016
Home sales rebound in October Calgary, November 1, 2016. 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… [Read More]
Real estate stats September 2016
Detached prices stabilize 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… [Read More]
Real estate stats August 2016
Detached versus higher-density segments: two very different stories in August City of Calgary, September 1, 2016. Overall sales activity was down again in August, totaling 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… [Read More]
Real estate stats June 2016
Home prices down, but not out City of Calgary, July 4, 2016 – 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… [Read More]
Real estate stats July 2016
Demand down with net migration City of Calgary, August 2, 2016 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… [Read More]
Defects and Disclosures
When you buy a house, you must be aware of any defects in a house. And when you sell a house, you have to disclose defects in your house. It is important for both parties (buyers and sellers) to know the difference between material latent and patent defects. What is the difference and when do… [Read More]
Real estate stats May 2016
Housing supply swells in cool spring market Calgary – June 1, 2016 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®… [Read More]
Real estate stats April 2016
Minding the Gap 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… [Read More]
Real estate stats March 2016
Housing prices trend down in March Unemployment impacting housing activity Calgary, April 1, 2016 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… [Read More]
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