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Third Quarter Calgary Housing Market Update 2019

Elevated sales guided by affordable product and inventory decline

The third-quarter hustle continues to show signs of growth. Comparable to last quarter, a great deal of the advancement in the market has been guided by supply corrections.

Nonetheless, the housing market has also improved this quarter from solid year-over-year growth in sales activity. A decline in prices has likely supported some of the boosts in demand. Additionally, sales growth has been guided by products priced less than $500,000.

“This is a market with divergent trends. The lower end of the market is recording improving sales and easing supply. This is supporting more stability in prices. However, at the higher end of the market we continue to see slower sales and rising supply,” said CREB® chief economist Ann-Marie Lurie.

“Persistent struggles in the overall economy have caused a shift in salary expectations, along with adjustments...

Happy Thanksgiving Wishes to Everyone

There's always something to be grateful for... Thanksgiving Day is the perfect time to remind each other of the many reasons there are to be grateful. At this time we catch one's breath to count our blessings. The freedom of this great country of Canada which we live in. For our work colleagues, for their professionalism, inspiration, and sense of humour. The food on our tables, shelter and unconditional love from our family and friends.

Thanksgiving Dinner

When you think of Thanksgiving, what images come to mind for you? The long weekend kicking off the autumn season? Raking leaves and kids having fun playing in them? Harvesting the crops? Shutting down the lake cottage? Eating yummy roast turkey? Pumpkin pie? Watching football on tv with the family? Perhaps watching the Thanksgiving Day...

Why a Home Inspection is Essential Before Buying

Prospections Home Inspections

Purchasing a home is a big decision and a thorough home inspection is absolutely necessary in the buying process. We refer our clients to Prospections Home Inspections Logo- their objective is two fold:  To ensure a quality product for the home buyer, and to assure every client that their new home will provide a safe environment for their family. They are available 24/7 to service the greater Calgary area and to answer any questions, call 587.888.6181 or email them at book@prospections.ca to book your appointment.

What...

Calgary Real Estate Statistics for September 2019

Media release: Moving towards balance

Sales activity improved over last year's numbers for the third consecutive month, as year-over-year inventories and new listings eased. This direction is encouraging the housing markets stability.

“Price declines have likely brought some buyers back into the market,” said CREB® chief economist Ann-Marie Lurie, noting improvements in the market continue to be driven by homes priced below $500,000.

Sales improved by 16 per cent this month in the condominium apartment market. Symbolizing the segments best September since 2015. Growth year-to-date in both the apartment and attached sectors were adequate to balance the moderate decrease in the detached sector resulting in sales growth in the city year-to-date of almost one per cent.

The overall market remains oversupplied despite reductions in inventory and improving sales. Continuing to have an influence on prices.

“While...