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…

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…

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…

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…

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…

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…

Calgary housing market does not show signs of slowing

Year-over-year sales growth remains in double digit territory Calgary, Nov. 1, 2012 – City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011. The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011. “Relative to national trends, we continue to move in…

Calgary Home in the desirables neighbourhood of Britannia sells for $1,000,0000 over the asking price due to competing offers.

Original Article by Mario Toneguzzi, Calgary Herald It is a testament to Calgary’s strong luxury home market. An upscale Britannia home recently sold for $6 million in just days, as multiple bids upped the price by $1 million from its original listing, making it the third most expensive MLS sale ever in the city, the…

Calgary MLS® Housing Price Index (HPI) Explained

The MLS® Housing Price Index (HPI) is coming to Calgary in February, as part of a nationwide rollout involving boards in Canada’s largest cities. This new monthly price measure will enable Realtors to better determine real price changes. Many Realtors have experienced a scenario where the monthly average price increased by five per cent, and your…

October 2011 Monthly Statistics / CALGARY’S HOUSING MARKET SET TO OUTPACE 2010

Several Calgary Communities Get a Boost in Sales and Price Calgary, November 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales totaled 16,184 after the first 10 months of the year, an increase of eight per cent over last year. Over 61 per cent of Calgary’s established…

YTD 2007 – Single Family – Community Stats – S.W. Calgary – Zone C

Here you will find a great break down of the SW communities and neighbourhoods average and median sales statistics for 2007. Enjoy!! These statistics cover homes in the following Calgary neighbourhoods: Altadore River Park, Aspen Woods, Bankview, Bayview, Bel Aire, Braeside Est, Bridlewood, Britannia, Canyon Meadows Estates, Canyon Meadows, Cedarbrae, CFB Lincoln Park, Chinook Park, Christie…

YTD 2007 – Single Family – Community Stats – N.E. Calgary – Zone B

Here you will find a great break down of the NE communities and neighbourhoods average and median sales statistics for 2007. Enjoy!! These statistics cover homes in the following Calgary neighbourhoods: Abbeydale, Albert Park, Applewood, Castleridge Estates, Castleridge, Coral Springs, Dover Glen, Dover, East Mayland Heights, Erinwoods, Falconridge, Fonda, Forest Heights, Forest Lawn, Marlborough Park, Marlborough,…

Rocky Ridge Calgary Yearly Market Trends & MLS Real Estate Sales for 2007

Welcome to Rocky Ridge in NW Calgary.  Here you can view up to date real estate sales data including average sale prices as well as price trends since the year 2000. You will also find neighbourhood profiles including average household income, school information, occupational stats, home ownership vs. rental, and many more statistics that I hope will…