How has COVID-19 affected the Calgary Real Estate Market?
The details are in for the first month of 2020 from The Calgary Real Estate Board. Housing market conditions continue to follow similar trends to last year, with gains in sales. At the same time, there have been further reductions in new listings, inventory and more declines in prices. January sales activity was 863 units,... Continue Reading →
The September stats have been released from CREB, and 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,... Continue Reading →
Over the last several months, many people have been wondering about the Alberta economy and asking some very important questions..."is it over?"..."when will things get better?"..."when should I sell my home?"...etc. This week, MaxWell Canyon Creek attended the annual National Bank 2019 Economic Forecast to get some insight on what could happen. The evening included... Continue Reading →
Buyers are now contending with new mortgage rules(Stress Test)and higher interest rates,and these are a couple of the reasons why home sales are down as we wait for the economy to recover. Calgary sales totaled 1,518 units in April, which is 20 per cent below last year and 25 per cent below long-term averages. Inventory... Continue Reading →
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 →