Market Updates

Market Updates

Found 63 blog entries about Market Updates.

The Calgary Board of Real Estate released their May 2020 market statistics summary. Here are some of the highlights:

  • "May sales totalled 1,080 units, a 44 per cent decline from last year’s figures."
  • CREB® chief economist Ann-Marie Lurie says, "the initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and sellers back to the market. However, this market continues to remain far from normal and prices are trending down. Activity has also shifted toward more affordable product, which is likely causing differing trends depending on product type and price range.”
  • "Sales are down in all price ranges, but a greater share of sales are priced below $500,000... The shift in sales toward lower-priced
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The Calgary Real Estate Board has released the Calgary housing market statistics for the month of April. The biggest takeaway is that coronavirus put everything on hold, including the real estate market. Here are some highlights from the Calgary Real Estate Board’s report:

“April sales hit 573 units, a decline of 63 per cent over last year… Sales activity eased across all price ranges, but the largest declines were for homes priced above $600,000. New listings this month totaled 1,425 units, a decline of 54 per cent compared to last year. Inventories also declined, but with 5,565 units available, they remained high enough to push the months of supply above nine months.” - Calgary Real Estate Board April Report

“The decline in home sales does not

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March was an interesting month for the Calgary real estate market. It started off strong, but like everything else in our world, was significantly impacted by the new coronavirus pandemic. Here are the highlights from the March 2020 Calgary Housing Market Statistics provided by the Calgary Real Estate Board:

  • "March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about social distancing measures. This had a heavy impact on businesses and employment." - CREB® 
  • “This is an unprecedented time with a significant amount of uncertainty coming from both the wide impact of the pandemic and dramatic shift in the energy sector. It is not a surprise to see these concerns also weigh on the
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At the beginning of each month, the Calgary Real Estate Board releases a summary of what went on in the Calgary Real Estate market the previous month. These summaries are a fantastic way to stay up to date on what is going on in real estate. They are particularly valuable to those of you in the process of buying, selling or investing. Even if you are just beginning to consider a making a move, you should be checking out the Calgary Real Estate Board for information that will ensure you make informed decisions. 

Click this link to see all the summaries available and other important real estate news!

In today's market it is more important than ever to make educated, strategic decisions. One way you can do this is to keep up to date on market going

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The January Calgary Housing Statistics have been released, giving us a glimpse at what happened in the Calgary Real Estate Market in this first month of 2020. Here are some of the highlights as they pertain to all of our valued clients, whether you be a buyer, seller or investor. After all, knowledge is your best asset when it comes to making the most out of any market. As always remember that my experience is your advantage, which is why you need to partner with Team Ken Richter. 

The Calgary Real Estate Board reports the following:

  • "January sales activity was 863 units, nearly eight per cent higher than last year’s levels."
  • "While sales remained well below January activity recorded before 2014, they remain consistent with activity
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The Calgary Real Estate Board just held its annual Market Forecast summit where they looked back on 2019 and looked forward into 2020. One of their missions is to help you--buyers, sellers, renters, and investors--be informed on what is happening in the real estate market so that you can make educated decisions that will give you the best possible outcome when it comes to your housing needs. Ken Richter, your trusted real estate professional, is also a wealth of knowledge and happy to help you strategize. 

Looking back at 2019, the Calgary Real Estate Board didn't shy away from recognizing what a difficult year it was for the real estate market. They explain, "since the oil price crash, Calgary has faced job losses, wage reductions and tightening

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The Calgary Real Estate Board has released its latest market statistics! Here is the main summary for you to read:

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 amount of oversupply to come down slightly compared to last year’s levels.

“Achieving more stable conditions will take time. Sales activity has been settling in at lower levels and is likely being influenced by the economic conditions and uncertainty weighing on our market,” said

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The Calgary Real Estate Board Report is available now!

Here are some of the highlights:

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 remains oversupplied and prices continue to remain below last year's levels.

"Employment has shifted in the city, with job growth occurring in our non-traditional sectors and often at a different pay scale. This is consistent with the shift to more affordable housing product," said CREB® chief economist Ann-Marie Lurie.

"However, at the higher end of the

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The Calgary Real Estate Board Report is available now!

Here are some of the highlights:

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 continue to be driven by homes priced below $500,000.

In the condominium apartment market, sales improved by 16 per cent this month. This represents the segment’s best September since 2015.  Year-to-date growth in both the attached and apartment sector were enough to offset the modest decline in the

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The forecast is in! The Calgary Real Estate Board (CREB®) reports, “increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000.” The sale of homes priced under $500,000 kept the market from suffering, even though higher price range homes didn’t experience as much activity.

CREB® chief economist Ann-Marie Lurie reports on the economy, “employment numbers have been improving, but mostly in industries that are traditionally lower paid. This is contributing to the shift that we are seeing in the housing market, with growth being limited to product priced below $500,000.” The jobs available are not ones that afford people the luxury of buying a home, but typically once these

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