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Calgary Housing

Little change in October 2017 Calgary real estate market

calgary-real-estate-oct-2017

Last month’s Calgary real estate statistics show the market in our city is in maintenance-mode.  No worse and no better when you look at Calgary as a whole.  A little worse in some areas and a little better in some.

The Good News

Starting on a positive note, October was a good month if you are selling a semi-detached home.  Duplexes or “paired homes” as some marketers are starting to call them, have seen the best improvement this year in terms of price gains.  The average price for a semi-detached home was $419,400 which is 3% more than 2016 levels.  Demand is up across the city for semi-detached.  It’s the only product that has...

Little change in October 2017 Calgary real estate market

calgary-real-estate-oct-2017

Last month’s Calgary real estate statistics show the market in our city is in maintenance-mode.  No worse and no better when you look at Calgary as a whole.  A little worse in some areas and a little better in some.

The Good News

Starting on a positive note, October was a good month if you are selling a semi-detached home.  Duplexes or “paired homes” as some marketers are starting to call them, have seen the best improvement this year in terms of price gains.  The average price for a semi-detached home was $419,400 which is 3% more than 2016 levels.  Demand is up across the city for semi-detached.  It’s the only product that has experienced...

Smart Winter Curb Appeal Enhances Calgary Real Estate Listings

 winter-calgary-real-estate

The page on the calendar flips to November and buyers are also flipping through a record number of Calgary real estate listings online.  Looking for that one, unique property that catches their eye.

That’s another reason why it’s important to keep up that curb appeal even through the winter months, long after the grass has turned yellow and the leaves have fallen and, hopefully, been raked up and bagged.   You want your home’s exterior to look it best no matter what time of year it is.

Here are just a few ideas to make sure your home stands out so potential buyers, when they drive past your home, will see it...

Smart Winter Curb Appeal Enhances Calgary Real Estate Listings

 winter-calgary-real-estate

The page on the calendar flips to November and buyers are also flipping through a record number of Calgary real estate listings online.  Looking for that one, unique property that catches their eye.

That’s another reason why it’s important to keep up that curb appeal even through the winter months, long after the grass has turned yellow and the leaves have fallen and, hopefully, been raked up and bagged.   You want your home’s exterior to look it best no matter what time of year it is.

Here are just a few ideas to make sure your home stands out so potential buyers, when they drive past your home, will see it looks...

Smart Winter Curb Appeal Enhances Calgary Real Estate Listings

 winter-calgary-real-estate

The page on the calendar flips to November and buyers are also flipping through a record number of Calgary real estate listings online.  Looking for that one, unique property that catches their eye.

That’s another reason why it’s important to keep up that curb appeal even through the winter months, long after the grass has turned yellow and the leaves have fallen and, hopefully, been raked up and bagged.   You want your home’s exterior to look it best no matter what time of year it is.

Here are just a few ideas to make sure your home stands out so potential buyers, when they drive past your home, will see it looks even...

Sept 2017 sales dip in an otherwise better year for Calgary real estate

calgary-real-estate-fall

We just got the stats for September 2017 and sales slipped a little in Calgary real estate last month.  The good news is that we had some good numbers in the first six months of 2017 and this activity managed to boost our year-to-date average up by 7% over 2016.  It’s still 11% under those long-term averages, and I agree with the Calgary Real Estate Board's take on the market – with more listings coming in and sales slowing in this last quarter of the year, we’re going to have to work hard to maintain our optimism!

There was a bump in inventory last month – we were up by 6,861 units – with attached properties and apartment condos setting a record for the highest inventory ever.  That means, from a buyer’s...

Sept 2017 sales dip in an otherwise better year for Calgary real estate

calgary-real-estate-fall

We just got the stats for September 2017 and sales slipped a little in Calgary real estate last month.  The good news is that we had some good numbers in the first six months of 2017 and this activity managed to boost our year-to-date average up by 7% over 2016.  It’s still 11% under those long-term averages, and I agree with the Calgary Real Estate Board's take on the market – with more listings coming in and sales slowing in this last quarter of the year, we’re going to have to work hard to maintain our optimism!

There was a bump in inventory last month – we were up by 6,861 units – with attached properties and apartment condos setting a record for the highest inventory ever.  That means, from a buyer’s perspective,...

Sept 2017 sales dip in an otherwise better year for Calgary real estate

calgary-real-estate-fall

We just got the stats for September 2017 and sales slipped a little in Calgary real estate last month.  The good news is that we had some good numbers in the first six months of 2017 and this activity managed to boost our year-to-date average up by 7% over 2016.  It’s still 11% under those long-term averages, and I agree with the Calgary Real Estate Board's take on the market – with more listings coming in and sales slowing in this last quarter of the year, we’re going to have to work hard to maintain our optimism!

There was a bump in inventory last month – we were up by 6,861 units – with attached properties and apartment condos setting a record for the highest inventory ever.  That means, from a buyer’s perspective, selection...

Sept 2017 sales dip in an otherwise better year for Calgary real estate

calgary-real-estate-fall

We just got the stats for September 2017 and sales slipped a little in Calgary real estate last month.  The good news is that we had some good numbers in the first six months of 2017 and this activity managed to boost our year-to-date average up by 7% over 2016.  It’s still 11% under those long-term averages, and I agree with the Calgary Real Estate Board's take on the market – with more listings coming in and sales slowing in this last quarter of the year, we’re going to have to work hard to maintain our optimism!

There was a bump in inventory last month – we were up by 6,861 units – with attached properties and apartment condos setting a record for the highest inventory ever.  That means, from a buyer’s perspective, selection has...

Luxury Calgary real estate listings slowly recovering

luxury-calgary-realestate-listings

Fall forecast is for moderate sales and stabilizing prices

I wouldn’t say that million-dollar-plus home buyers are lining up to snap up some premiere Calgary real estate listings, but they’re certainly expressing some sincere interest.

A forecast by one of Canada’s luxury real estate firms has issued some promising statistics though.  Over the summer, there were 112 luxury homes featured in Calgary real estate listings for over $1 million that sold to some pretty special buyers.  Single-family home sales in this sector and some fairly opulent attached home sales (think Altadore or West Hillhurst) seem to be stabilizing in the city. ...

Luxury Calgary real estate listings slowly recovering

luxury-calgary-realestate-listings

Fall forecast is for moderate sales and stabilizing prices

I wouldn’t say that million-dollar-plus home buyers are lining up to snap up some premiere Calgary real estate listings, but they’re certainly expressing some sincere interest.

A forecast by one of Canada’s luxury real estate firms has issued some promising statistics though.  Over the summer, there were 112 luxury homes featured in Calgary real estate listings for over $1 million that sold to some pretty special buyers.  Single-family home sales in this sector and some fairly opulent attached home sales (think Altadore or West Hillhurst) seem to be stabilizing in the city.  Unfortunately,...

Luxury Calgary real estate listings slowly recovering

luxury-calgary-realestate-listings

Fall forecast is for moderate sales and stabilizing prices

I wouldn’t say that million-dollar-plus home buyers are lining up to snap up some premiere Calgary real estate listings, but they’re certainly expressing some sincere interest.

A forecast by one of Canada’s luxury real estate firms has issued some promising statistics though.  Over the summer, there were 112 luxury homes featured in Calgary real estate listings for over $1 million that sold to some pretty special buyers.  Single-family home sales in this sector and some fairly opulent attached home sales (think Altadore or West Hillhurst) seem to be stabilizing in the city.  Unfortunately, the...

Luxury Calgary real estate listings slowly recovering

luxury-calgary-realestate-listings

Fall forecast is for moderate sales and stabilizing prices

I wouldn’t say that million-dollar-plus home buyers are lining up to snap up some premiere Calgary real estate listings, but they’re certainly expressing some sincere interest.

A forecast by one of Canada’s luxury real estate firms has issued some promising statistics though.  Over the summer, there were 112 luxury homes featured in Calgary real estate listings for over $1 million that sold to some pretty special buyers.  Single-family home sales in this sector and some fairly opulent attached home sales (think Altadore or West Hillhurst) seem to be stabilizing in the city.  Unfortunately, the same...

Calgary Real Estate buyers revel in condo over-supply

Calgary Condo Sales slow but moving

Calgary condo sales slow but still moving

It doesn’t appear to make sense.

We’re approaching the final quarter of this calendar year and in the world of Calgary Real Estate, there are record numbers of apartment-style condominiums on the market.   Canada Mortgage and Housing says there may be in excess of 2,000 empty units in Calgary. Yet, more brand-new condo buildings continue to be built, especially in the inner city and surprisingly, in the northeast.  All while owners of resale units are watching their days-on-the-market numbers pile up.

While it may appear fool-hardy to build more, even though our economy is slowly picking up, it’s important to remember that many of these new residential buildings, as...

Calgary Real Estate buyers revel in condo over-supply

Calgary Condo Sales slow but moving

Calgary condo sales slow but still moving

It doesn’t appear to make sense.

We’re approaching the final quarter of this calendar year and in the world of Calgary Real Estate, there are record numbers of apartment-style condominiums on the market.   Canada Mortgage and Housing says there may be in excess of 2,000 empty units in Calgary. Yet, more brand-new condo buildings continue to be built, especially in the inner city and surprisingly, in the northeast.  All while owners of resale units are watching their days-on-the-market numbers pile up.

While it may appear fool-hardy to build more, even though our economy is slowly picking up, it’s important to remember that many of these new residential buildings, as well...

Calgary Real Estate buyers revel in condo over-supply

Calgary Condo Sales slow but moving

Calgary condo sales slow but still moving

It doesn’t appear to make sense.

We’re approaching the final quarter of this calendar year and in the world of Calgary Real Estate, there are record numbers of apartment-style condominiums on the market.   Canada Mortgage and Housing says there may be in excess of 2,000 empty units in Calgary. Yet, more brand-new condo buildings continue to be built, especially in the inner city and surprisingly, in the northeast.  All while owners of resale units are watching their days-on-the-market numbers pile up.

While it may appear fool-hardy to build more, even though our economy is slowly picking up, it’s important to remember that many of these new residential buildings, as well as...

Calgary Real Estate Market Statistics August 2016

The Calgary housing market was almost like a tale of two cities during the month of August, with the detached housing market having a much different outcome than the higher-density segments. Nonetheless, sales activity was down overall within the Calgary housing market, with total sales reaching just 1,567 for the month.



Benchmark Prices Show a More Complete Picture

Overall, sales for detached homes fell during the month of August within the Calgary housing market. The number of new listings also declined, thereby stopping the inventory from reaching its previous highs. In turn, this has limited the downward pressure placed on housing pricing within the market. The picture wasn’t quite the same within the attached and apartment sectors, however, with both having recorded inventory levels near to their August highs.

...

Calgary Real Estate Market Statistics August 2016

The Calgary housing market was almost like a tale of two cities during the month of August, with the detached housing market having a much different outcome than the higher-density segments. Nonetheless, sales activity was down overall within the Calgary housing market, with total sales reaching just 1,567 for the month.



Benchmark Prices Show a More Complete Picture

Overall, sales for detached homes fell during the month of August within the Calgary housing market. The number of new listings also declined, thereby stopping the inventory from reaching its previous highs. In turn, this has limited the downward pressure placed on housing pricing within the market. The picture wasn’t quite the same within the attached and apartment sectors, however, with both having recorded inventory levels near to their August highs.

...

Calgary Real Estate Market Statistics August 2016

The Calgary housing market was almost like a tale of two cities during the month of August, with the detached housing market having a much different outcome than the higher-density segments. Nonetheless, sales activity was down overall within the Calgary housing market, with total sales reaching just 1,567 for the month.



Benchmark Prices Show a More Complete Picture

Overall, sales for detached homes fell during the month of August within the Calgary housing market. The number of new listings also declined, thereby stopping the inventory from reaching its previous highs. In turn, this has limited the downward pressure placed on housing pricing within the market. The picture wasn’t quite the same within the attached and apartment sectors, however, with both having recorded inventory levels near to their August highs.

...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

A Drop in New Listings

Just as sales have fallen in the Calgary housing market,...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

A Drop in New Listings

Just as sales have fallen in the Calgary housing market, so...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

A Drop in New Listings

Just as sales have fallen in the Calgary housing market, so has...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

A Drop in New Listings

Just as sales have fallen in the Calgary housing market, so has the...

Calgary Real Estate Market Statistics May 2016

Despite optimism related to recent oi price gains, the Calgary real estate market - housing inventory was once again on the rise during the month of May.

New Listings Combined with Slowed Sales Lead to an Increase in Housing Inventory

As new listings climbed and sales slowed to just 1,923 units, The Calgary Real Esttae Market inventory was once again on the rise. Unfortunately, due to a weakness in the labour market, demand for Calgary housing also remained weak during the month of May. While most of the focus had previously been on the oil industry, job loss is now starting to spread into other sectors. Meanwhile, wages are falling and unemployment levels remain high in Calgary. As such, housing inventory supplies are on the rise as well as supplies within the new home, rental and resale markets.

According to the latest Calgary Real Estate Board report, inventory levels in Calgary increased by 14 percent in May when compared to the previous month, reaching a total of 6,148 units. While ever product type has experienced significant gains, the apartment and attached categories...

Calgary Real Estate Market Statistics May 2016

Despite optimism related to recent oi price gains, the Calgary real estate market - housing inventory was once again on the rise during the month of May.

New Listings Combined with Slowed Sales Lead to an Increase in Housing Inventory

As new listings climbed and sales slowed to just 1,923 units, The Calgary Real Esttae Market inventory was once again on the rise. Unfortunately, due to a weakness in the labour market, demand for Calgary housing also remained weak during the month of May. While most of the focus had previously been on the oil industry, job loss is now starting to spread into other sectors. Meanwhile, wages are falling and unemployment levels remain high in Calgary. As such, housing inventory supplies are on the rise as well as supplies within the new home, rental and resale markets.

According to the latest Calgary Real Estate Board report, inventory levels in Calgary increased by 14 percent in May when compared to the previous month, reaching a total of 6,148 units. While ever product type has experienced significant gains, the apartment and attached categories have...

Calgary Real Estate Market Statistics May 2016

Despite optimism related to recent oi price gains, the Calgary real estate market - housing inventory was once again on the rise during the month of May.

New Listings Combined with Slowed Sales Lead to an Increase in Housing Inventory

As new listings climbed and sales slowed to just 1,923 units, The Calgary Real Esttae Market inventory was once again on the rise. Unfortunately, due to a weakness in the labour market, demand for Calgary housing also remained weak during the month of May. While most of the focus had previously been on the oil industry, job loss is now starting to spread into other sectors. Meanwhile, wages are falling and unemployment levels remain high in Calgary. As such, housing inventory supplies are on the rise as well as supplies within the new home, rental and resale markets.

According to the latest Calgary Real Estate Board report, inventory levels in Calgary increased by 14 percent in May when compared to the previous month, reaching a total of 6,148 units. While ever product type has experienced significant gains, the apartment and attached categories have experienced...

Calgary Real Estate Market Statistics March 2016

Calgary Real Estate Market Statistics for March 2016

Calgary House Market Continues Decline

As economic conditions continue to be less than desirable in, the Calgary real estate market has also continued to be negatively impacted. Not only have Calgary house prices fallen, but inventory levels are also on the rise.

Calgary Housing Market Graph - March 2016

Calgary Housing Graph March 2016

Examining the Calgary Economy

During the month of March, the Calgary labor market did not experience any improvement. In fact, provincial unemployment rates are the highest they have been since the early 1990s. In February, Calgary’s unemployment rate increased to 8.4 percent, which is 0.5 percent higher than the provincial average. 

What's...

Calgary Real Estate Market Statistics March 2016

Calgary Real Estate Market Statistics for March 2016

Calgary House Market Continues Decline

As economic conditions continue to be less than desirable in, the Calgary real estate market has also continued to be negatively impacted. Not only have Calgary house prices fallen, but inventory levels are also on the rise.

Calgary Housing Market Graph - March 2016

Calgary Housing Graph March 2016

Examining the Calgary Economy

During the month of March, the Calgary labor market did not experience any improvement. In fact, provincial unemployment rates are the highest they have been since the early 1990s. In February, Calgary’s unemployment rate increased to 8.4 percent, which is 0.5 percent higher than the provincial average. 

What's Affecting...

Calgary Real Estate Market Statistics March 2016

Calgary Real Estate Market Statistics for March 2016

Calgary House Market Continues Decline

As economic conditions continue to be less than desirable in, the Calgary real estate market has also continued to be negatively impacted. Not only have Calgary house prices fallen, but inventory levels are also on the rise.

Calgary Housing Market Graph - March 2016

Calgary Housing Graph March 2016

Examining the Calgary Economy

During the month of March, the Calgary labor market did not experience any improvement. In fact, provincial unemployment rates are the highest they have been since the early 1990s. In February, Calgary’s unemployment rate increased to 8.4 percent, which is 0.5 percent higher than the provincial average. 

What's Affecting the...

Calgary Real Estate Market Statistics March 2016

Calgary Real Estate Market Statistics for March 2016

Calgary House Market Continues Decline

As economic conditions continue to be less than desirable in, the Calgary real estate market has also continued to be negatively impacted. Not only have Calgary house prices fallen, but inventory levels are also on the rise.

Calgary Housing Market Graph - March 2016

Calgary Housing Graph March 2016

Examining the Calgary Economy

During the month of March, the Calgary labor market did not experience any improvement. In fact, provincial unemployment rates are the highest they have been since the early 1990s. In February, Calgary’s unemployment rate increased to 8.4 percent, which is 0.5 percent higher than the provincial average. 

What's Affecting the Calgary...

Calgary Real Estate Market Recap 2015

2015: Taking a Look Back at the Calgary Housing Market

Looking back on 2015, the impact of low oil prices on Calgary’s economy and housing market is clear to see. Not only did the market struggle in terms of sales, but prices have been falling as inventory has increased.

Getting Off to a Rough Start

During the first quarter of 2015, buyers took on a “wait and see” approach as they watched the market and how it would be affected by the oil industry. As a result, the market started to see a decrease in sales activity. When coupled with an increase in new listings activity, inventory began to slowly increase while prices dropped when compared to the final quarter of 2014. On average, the first quarter saw months of supply hit 4.16 during the first quarter. 

Seeking Balance

While the start of 2015 was a bit shaky for the Calgary housing market, the next two quarters were characterized by a bit more balance. As a result, housing prices did not see the steep decline that was anticipated....

Calgary Real Estate Market Recap 2015

2015: Taking a Look Back at the Calgary Housing Market

Looking back on 2015, the impact of low oil prices on Calgary’s economy and housing market is clear to see. Not only did the market struggle in terms of sales, but prices have been falling as inventory has increased.

Getting Off to a Rough Start

During the first quarter of 2015, buyers took on a “wait and see” approach as they watched the market and how it would be affected by the oil industry. As a result, the market started to see a decrease in sales activity. When coupled with an increase in new listings activity, inventory began to slowly increase while prices dropped when compared to the final quarter of 2014. On average, the first quarter saw months of supply hit 4.16 during the first quarter. 

Seeking Balance

While the start of 2015 was a bit shaky for the Calgary housing market, the next two quarters were characterized by a bit more balance. As a result, housing prices did not see the steep decline that was anticipated. This...

Calgary Real Estate Market Recap 2015

2015: Taking a Look Back at the Calgary Housing Market

Looking back on 2015, the impact of low oil prices on Calgary’s economy and housing market is clear to see. Not only did the market struggle in terms of sales, but prices have been falling as inventory has increased.

Getting Off to a Rough Start

During the first quarter of 2015, buyers took on a “wait and see” approach as they watched the market and how it would be affected by the oil industry. As a result, the market started to see a decrease in sales activity. When coupled with an increase in new listings activity, inventory began to slowly increase while prices dropped when compared to the final quarter of 2014. On average, the first quarter saw months of supply hit 4.16 during the first quarter. 

Seeking Balance

While the start of 2015 was a bit shaky for the Calgary housing market, the next two quarters were characterized by a bit more balance. As a result, housing prices did not see the steep decline that was anticipated. This was...