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Nov 2019 CREB Stats

Nov 2019 CREB Stats

Year-to-date residential sales in the city remain just above last year’s levels due to improvements in the attached sector so far this year. However, November sales activity eased over last year’s levels, mostly due to pullbacks in the apartment sector. Meanwhile, new listings eased enough relative to sales to cause inventories to ease and the […]

Luxury Top 10: SW Calgary’s Most Expensive Communities

Release by CREB, these are the 10 most expensive Calgary communities in the southwest quadrant, based on year-to-date (YTD) residential average sale price. Living in your dream neighbourhood can come with a hefty price tag. 1. Bel Aire Established: 1960 Population: 390 Dwellings: 159 Median pre-tax household income: $401,839 New listings (YTD): 20 Number of […]

Oct 2019 CREB Stats

Oct 2019 CREB Stats

Homes under $500,000 moving to more balanced conditions Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product. New listings also eased, which helped reduce inventory levels and the oversupply in the market. Despite the move to more balanced conditions, the market […]

Sept 2019 CREB Stats

Sept 2019 CREB Stats

Shifting to stability For the third consecutive month, sales activity improved over last year’s figures, and year-over-year new listings and inventories eased. This trend will help support more stability in the housing market. “Price declines have likely brought some buyers back into the market,” said CREB® chief economist Ann-Marie Lurie, noting improvements in the market […]

Aug 2019 CREB Stats

Aug 2019 CREB Stats

Sales activity increase led by lower-priced homes Increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000. “Employment numbers have been improving, but mostly in industries that are traditionally lower paid,” said CREB® chief economist Ann-Marie Lurie. “This is contributing to the shift that we […]

July 2019 CREB Stats

July 2019 CREB Stats

Sales improving and inventory declines for fourth month in a row For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings. The market continues to favour the buyer, but a continuation in supply reduction compared to […]

June 2019 CREB Stats

June 2019 CREB Stats

New listings coming onto the market continued to decline in June, which is helping to reduce the oversupply of homes in Calgary. Year-over-year, new listings saw a decrease of nearly 19 per cent. Sales activity slowed this month compared to last year by six per cent, but the pullback in new listings was enough to […]

First Time Home Buyer Incentive

First Time Home Buyer Incentive

This week the government provided more details about the new First Time Home Buyer Incentive that’s launching September 2, 2019 with anticipated funding of the program to begin November 1, 2019. (meaning the possession date must be Nov 1 or later) The program is designed for First Time Home Buyers (FTHB) with total income under […]

Should you Buy a Resale or a New-Build?

Should you Buy a Resale or a New-Build?

If you’re thinking about buying a new home, you may be considering purchasing in a new development. How does that compare to purchasing a resale property? Buying a newly-built home has some advantages. Depending on the development, you may have leeway in the style of the home and the lot you choose. Also, when the […]

Stay or Move? 5 Questions that Help you Decide

Stay or Move? 5 Questions that Help you Decide

It can be tough to make the decision to sell. In fact, for many homeowners, it’s overwhelming. If you’re considering making a move and struggling with the decision, here are five helpful questions to ask yourselves: 1. “What are our practical reasons for selling?” This question refers to what you’ll get by moving to a […]