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…

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.…

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…

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…