CREB Stats For February

Residential home sales declined in February, but a decline in new listings helped keep prices steady this month. Sales totaled 1.094 units in February, 18 per cent below last year's activity. After the first two months of the year, sales activity remains well below longer-term averages. "Housing market conditions are still adjusting to rising lending... Continue Reading →

CREB 2018 Forecast Conference

The Calgary Real Estate Board(CREB) held their 2018 Forecast Conference & Trade Show this week, and even though there will be some challenges this year, it does look like there is some optimism in our future!  "Housing market conditions are expected to remain relatively unchanged in 2018," said CREB® chief economist Ann-Marie Lurie. "The market will continue... Continue Reading →

CREB Stats For October

October's housing market conditions closely echoed previous month's trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year. The elevated number of listings compared to the number of active buyers in October has weighed on pricing over... Continue Reading →

September Stats From CREB

Strong gains in the first-half of the year has put the Calgary year-to-date sales at seven per cent above last years' levels, but challenges remain with easing sales and rising new listings. Inventories rose across all property types to 6,861 units, while both apartment and attached-style properties saw the highest inventory on record for the... Continue Reading →

Mid-Year Market Update

The Calgary Real Estate Board released their "Mid-Year Market Update" today, and it does reinforce the fact that some consumers were willing to re-enter the housing market after some hesitation in 2016. City wide prices in 2017 are forecasted to remain relatively unchanged over last years levels. However, prices are expected to flatten out for the remainder of the year... Continue Reading →

New Mortgage Rules Explained

If you haven't already heard, there are new rules in place for anyone trying to get a new mortgage in Canada. I had a chance this week to catch-up with Michael King from BMO Bank Of Montreal. Michael is a Mortgage Specialist, and explained how the new mortgage rules will effect securing a new mortgage... Continue Reading →

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