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Calgary Real Estate

Calgary Real Estate Market Statistics for December 2018

Soft Job Market and Restrictions on Lending Influenced 2018's Real Estate Market

City of Calgary, Tost Realty Group, January 2, 2019

As oversupply is still a pertinent issue, prices during December slowed by one per cent, and are currently situated at over three percent below this time last year. 

CREB chief economist Ann-Marie Lurie stated last month that “Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year”. This definitely contributed to a heightened supply in the resale market, resulting in a decline in price. 

Sales in December sat at a total of 794 units, a 21 per cent decline over the previous year. Overall year-to-date sales in the city sat at a total of 16, 144 units, a 14 per cent dip from two years ago, and 20 percent below previously standing long-term averages.

The Inventory levels statistic...

Calgary Real Estate Market Statistics For November 2018

Economic Conditions Continue to Challenge Vitality of Resale Market 

City of Calgary, Dec. 3, 2018 

Sales during the month of November sat at a total of 1,171 units, remaining below long-standing averages. 

For the year up to this point, monitored sales activity has rang in at 15,349 units, displaying a 14 per cent decline over last year, and nearly 20 per cent below standing averages. 

During November, New listings eased by seven per cent compared to last year. Due to this substantial shift in new listings, further inventory gains have been prevented. Overall inventory is currently at 6,501 units, remaining slightly above the 5,683 units in inventory seen last year, and 32 percent higher than in a typical November.  

Throughout the month of November, the citywide benchmark price was $422,600, hovering near one percent lower than last month, and at 3 percent lower than levels...

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...

Expanding Calgary’s Livable Space Through CFB Calgary Redevelopment

Expanding Calgary’s Livable Space Through CFB Calgary Redevelopment 

Redevelopment of CFB Calgary to a place to have your Calgary Home

Development plans throughout Calgary often have interesting histories, but one of the most interesting and comprehensive development stories can be traced back to 1996 when the federal budget called for closing CFB Calgary and other bases throughout the country. Not only did this decision change how Canadian Forces bases were used, but it also created a significant amount of land that could be put to use for different purposes. It was from this change in the federal budget that many of Calgary’s new residential developments were born. 

Making the Decision to Close CFB Calgary 

While the 1996 federal budget called...

Taking the Plunge - Calgary Bridal and Finding a Calgary Home

After the wedding ends and the party is over, it is time to start thinking about a place to call home, your first martial home of all your own. While some newlyweds choose to rent, some prefer to own their new home together.  Weddings can be so expensive , just ask any bride to be and she will te

Calgary Bridal Guide and Calgary Homes for Sale - After the wedding where will you begin your lives?

ll you the budget is nearly always higher than anticipated leaving many newlyweds over extended and in marital debt after the wedding.  With all that debt from the wedding , what options are there for the purchase of a home in terms of down payments ?  See...

Providing Alberta's Slice of Upper-end Happiness in Horsepower: Jaguar of Calgary

Providing Alberta's Slice of Upper-end “Happiness in Horsepower”: Jaguar of Calgary 1Writer: Jon Weirman

Mad Men” has always been known as one of the most brilliant TV portrayals ever regarding the perils, pride, and rewards of the advertising business, and taking place in the last 1960's gave it a unique flair. After being challenged to come up with a tagline for Jaguar, they put their heads together and lamented in one sweeping and all-encompassing statement that the brand name offers “At last, something beautiful you can truly own”. These fictional advertising experts that...

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 we've had and...

Making House Buying Simple with a Real Estate Broker in Calgary

Calgary Real Estate Agent

When buying a house in Calgary,  finding the right real estate agent to represent you is one of the keys to finding the right home to suit your needs. As you search through your options, it is helpful to understand the differences between a real estate broker and a real estate agent as well as how these professionals can help you through the buying process. 

What is the Difference Between a Real Estate Agent and Real Estate Broker? 

A real estate broker is a professional who is licensed to manage his or her own business. As independent sales people, they often sell real estate that is owned buy others. In addition to helping clients buy or...