Calgary housing market expected to stabilize in 2023 Below is a summary of the 2023 outlook report, created by the CREB’s chief economist Ann-Marie Lurie. It was released in January 2023. The full report gives a clear and easy to read analysis of the economic and housing market trends in Calgary and surrounding areas. According… [Read More]
Buying or selling a stigmatized property
Former grow-ops, a home in which a death has occurred, an apartment on the 13th floor; many different stigmas can potentially affect the value of a home. But when is a seller required to disclose a stigma? And what can a buyer do to avoid buying a stigmatized property? What is a stigmatized property? A… [Read More]
Real Estate Stats December 2022
2022 saw record-high sales and double-digit price growth City of Calgary, December 1, 2022 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… [Read More]
Real Estate Stats November 2022
2022 on track to be a record year for sales City of Calgary, Dec. 1, 2022 – 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… [Read More]
How to set an offer price
How does one set an offer price when buying a home? Go in lower than asking price? How much lower? Or maybe the market dictates one to offer over list price. There is no set calculation or method to determine how to set an offer price. The process of offering involves some research, comparisons, experience… [Read More]
Real Estate Stats October 2022
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… [Read More]
Frequently Asked Questions About Home Inspections
When buying a home, a condition to purchase is often a home inspection. Home inspectors examine a long list of items in and around the house, from the roof to the basement. The article What does the home inspector inspect? shows a fairly extensive list of what a buyer can expect from a home inspection…. [Read More]
Real Estate Stats September 2022
Demand shifting to more affordable options Calgary, Oct. 3, 2022 – 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… [Read More]
What does a home inspector check
How important is a home inspection when buying a home? And what is inspected during a home inspection? First off, doing a home inspection is not mandatory. But considering the magnitude of the purchase – a home – doing a home inspection is highly recommended. What does the home inspector inspect? A home inspector will… [Read More]
Real Estate Stats August 2022
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… [Read More]
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