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Calgary Real Estate Market Info

Calgary Real Estate Market Statistics For October 2018

Oversupplied Market Ultimately Weighs on Prices 

City of Calgary, November 1, 2018 

Inventory levels are elevated when compared alongside sales, which is causing Calgary housing prices to ease a bit more. 

Benchmark prices in the entire city during October totalled $426,300, which is a downward trend for the fifth month in a row. This resulted ultimately in a year-over-year decline of 2.9 percent. 

Chief economist Ann-Marie Lurie of CREB claimed avidly that job growth in the city remained a dire concern, as unemployment levels remain well above expected. The overall cost of ownership continuing to rise also will ultimately provide a burden of weight on the housing market and demand. 

Overall sales and inventories totaled 7,345 and 1,322 during the month of October. Typical monthly levels usually hover around 5.6, and while there is a bit of slowing in listing growth, this ultimately prevents further inventory risings. Currently the...

Calgary Real Estate Soon to Bounce Back: Rebound On the Way

Altus Group Claims Calgary Soon to Bounce Back: Rebound On the Way1When we provide you as the reader news from the Tost Realty Group, we happen to love the days when it is positive! According to a recent report by the Altus Group, the main reason that the housing market has been a bit lackluster this year was the absence of first-time buyers, but all indicators point to the fact that they will soon be back shopping for Calgary Real Estate. Patricia Arsenault, VP of research and consulting services at Altus Group claimed that “With all of the policy changes...

February 2018 Real Estate in Calgary - few steps forward, quite a few back

feb 2018 real estate statsThe Calgary Real Estate calls it a bumpy road to recovery, and that was certainly evident in looking at what happened last month in our city.

February 2018 Stats

Sales of residential  properties dropped in February by 18% over 2017.  That’s a huge dip from last year.  But thankfully, we didn’t see an equally drastic decline in home prices.  We were fortunate in that we didn’t get the usual number of new listings last month which helped to keep prices on an even keel.   The current supply of homes for sale in Calgary sits at about four months.  Days on the market is another step back, at least from this time last year.  It’s gone from an average of 48 days to 51.

As of February...

5 Best Neighbourhoods for Modern Infill Homes in Calgary

Calgary Infill Homes

There’s no stopping urban renewal the Calgary real estate scene.   Old makes way for new and many established neighbourhoods are experiencing a renaissance.  The demand for new, modern homes for sale in inner-city neighbourhoods grows every day and there are so many reasons why.

From a zoning point of view, the City of Calgary’s sustainability plan dictates that developers create residential density.  Housing people along transit corridors and within walking distance to work and essential services is good for the environment and creates healthy communities.  Part of the plan was to stem the flow of suburban sprawl, as Calgary is one of the largest cities in North America per square kilometre but without the population...

For Calgary's Best Real Estate Value, Look West

Calgary West

While drilling down into some of the new statistics that the Calgary Real Estate Board recently released, we discovered something very interesting.   The district of Calgary West  which is loosely defined as everything west of Crowchild Trail, north of Glenmore Trail/Highway 8 and south of the river or Trans-Canada Highway, is one of the city’s most stable market areas. That’s in all housing types, from single-family to attached, town homes and condos.  Calgary West showed the strongest annual growth in 2017 with only City Centre to look up to.

The Proof is in the Numbers

As the following chart will show, the communities in Calgary West survived the recent downturn as the best for single-family homes and was the runner-up for apartment condos.  As we...

Calgary Real Estate Board 2018 Forecast Calls for Scattered Optimism

 Todd and Crystal

We think it’s going to be a fairly decent year for real estate in Calgary.

This morning was the annual Calgary Real Estate Board’s Forecast Breakfast and whether the market is up, down or sideways we always come away with renewed vigor and optimism about how the year is going to go.   And today’s event was no excpetion.

CREB always likes to be cautiously optimistic and has announced that 2018 will offer its share of challenges.  The road to economic recovery continues to be bumpy – nothing is happening overnight – but there’s every indication that we can safely adopt an optimistic attitude.

The Short Term

Over coffee and dainties this morning, we heard from Ann-Marie...

Calgary Home Trends - The Double Master

Calgary Home trends double master 

 As the make-up of today’s families change so does the way families live in our city and the type of real estate purchased in Calgary.  Hence the rise of homes with duo or double master bedrooms.  Lifestyle often dictates architectural style and that’s what we’re beginning to see in Calgary homes. 

Why They’re Referred to as Master Bedrooms 

Looking back through history, the largest and grandest chamber or bedroom in a home, was used by the owner or master of the estate.  The French term was “chambre des maitres”.    The term when applied to new home construction really came into its own in the 1920s, when houses in urban neighbourhoods began to feature one bedroom that was larger than the others in the home, with larger closets and often,...

2018 Real Estate Predictions in Calgary

2018 real estate

It’s a fresh New Year, full of promise and optimism especially when it comes to Calgary Real Estate.  What will happen with house prices?  Will condo prices ever pick up after a 10-year slump?  And, now that I’ve waited for the recession to end, should I sell this year?

As I write this, we’ve all just learned that Amazon  has chosen not to relocate a facility for its HQ2 in Calgary.  We didn’t even make the short list of 20 different cities (like Toronto did).  I read a few predictions about 2018 from various Calgarians at the end of December that declared that Amazon and the reported 50,000 new jobs that would come with it would boost our real estate market.  So, nothing to do now but go onward.

Looking at 2018...

Community Ponds Add Real Estate Value in Calgary but BEWARE

winter-storm-pond

We love to tout storm water ponds as community features when selling homes in Calgary. Listed on feature sheets as community benefits, today’s storm water ponds are surrounded by graceful bull rushes and native grasses gently blowing in the breeze, attracting water fowl and reflecting with the red and orange hues of a setting sun.

This time of year as the ponds freeze over, seemingly presenting an opportunity for some old-fashioned 3 on 3 pond hockey, the community ponds can turn from treasure to tragedy real quick.  Because even if we were to sustain temperatures of -20 for weeks at a time in Calgary, those lovely storm water...