Calgary Real Estate Blog

Nevin’s Calgary Real Estate Blog delivers the latest market news, updates, and property listings as well as tips for buying or selling a home in Calgary Alberta.

Licensed in 1999, Nevin brings a wealth of experience to his real estate practice. He has worked in various capacities including agent/realtor, office manager, team leader, board member and an advisor to some of the industry’s largest real estate technology companies.

Nevin is known for his enthusiasm for technology and can most often be found studying the next big thing in real estate marketing and implementing it in his business. “From the very beginning, real estate technology has been a big- part of my business,” says Nevin

CREB Calgary Real Estate Board

Price gains continue in Calgary’s real estate market as inventory remains low

October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October. Sales activity has been boosted mainly through gains in apartment condominium sales as consumers seek affordable housing options during this…

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CREB Calgary Real Estate Board

Another record-high month for Calgary Real Estate

The Calgary real estate market witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels. Notably, there has been a positive trend in new listings, providing relief and…

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CREB Calgary Real Estate Board

Calgary’s Housing 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 percent 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…

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CREB Calgary Real Estate Board

Calgary sales continue to surge as listings rise

City of Calgary, March 1, 2022 –  Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last month’s levels. However, with only one month of supply, the market continues to favour the seller.…

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CREB Calgary Real Estate Board

Sellers’ market conditions persist

Inventory rises, but sellers’ market conditions persist (Links updated)  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 the…

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CREB Calgary Real Estate Board

Demand for homes remains high with record sales in April

There were 3,209 sales in April, a new record high for the month, as Calgary’s housing market continues to bounce back from the pandemic lows recorded in 2020. “Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens,” said CREB® chief economist Ann-Marie Lurie. “However, the recent…

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CREB Calgary Real Estate Board

CREB’s Q1 2021 Housing Report Released

The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is supporting stronger-than-expected gains in resale sales activity.…

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CREB Calgary Real Estate Board

Calgary Seller’s market in February leads to rising prices

With the Calgary seller’s market showing gains in every price range, residential sales activity in February totalled 1,836. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist Ann-Marie Lurie.…

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CREB Calgary Real Estate Board

CREB’s 3rd Quarter of 2020 Calgary Housing Report

CREB’s Calgary Housing Report has reported the third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 percent 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…

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Patience required on the road to Calgary’s housing market recovery

Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market. The month of July saw 1,547 units sold in Calgary, nearly five per cent below last year. New listings eased to 2,964 units, causing inventories to total…

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Mid-Year Calgary market update shows stability

The first-half of 2017 marked a shift in Alberta’s economy from recession to recovery, with conditions supporting stability rather than expansion. “Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market,” said CREB® chief economist Ann-Marie Lurie. “This will continue to cause…

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Market 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 month-over-month price. Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease the previous month. Despite the…

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Housing market expected to be stable in 2015

While the recent drop in oil prices has caused speculation about implications for the housing sector, stable conditions are expected given current forecasts for employment and migration. “While employment and migration are expected to support housing demand, estimates could change depending on the extent and duration of oil price declines,” said Ann-Marie Lurie, CREB®’s chief…

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New Home Buyer Protection Act Of Alberta

In early 2014, the New Home Buyer Protection Act will come into force. The intent of the legislation is to improve consumer protection and recourse options, increase builder accountability, and raise the standard of residential construction in Alberta. While the Act does not place any new obligations on Alberta’s REALTORS®, this article discusses important aspects…

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June sales exceed expectations however flood outcome on the market is still to be determined

Calgary, July 2, 2013 – Sales activity in June exceeded growth expectations. City of Calgary monthly residential sales totaled 2,317, a six per cent increase over June 2012 figures, and nearly five per cent higher than levels recorded in the first half of 2012. However, the impact of recent flooding is expected to trickle into…

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