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Found 77 blog entries about Market Updates.

The headline of this month's market summary from the Calgary Real Estate Board? We are still in a seller's market! 

Here are some of the highlights from their report:

  • "Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month."
  • "New listings in June totalled 4,135, the second-highest level ever recorded for the month. This caused inventories to trend up to 6,918 units."
  • "[Inventory] was balanced by strong sales and the months of supply remained relatively tight at 2.4 months."
  • "The benchmark home price continued to trend up in June, but the monthly gain slowed to less than one per cent."

Calgary Real Estate Board Chief Economist Ann-Marie Lurie notes, "It is…

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It is property tax season! If you own a home and are confused about what exactly property taxes are, how they are calculated, or how to pay them, read on!

First off, there are some incredibly important reasons why we have to pay taxes. Oliver Wendell Holmes Jr. once said, "taxes are the price we pay to live in a civilized society." Paying taxes are not just your legal duty, but your civic duty. Taxes help Canadians receive the services that make Canada great, such as schools, courts, roads, parks, hospitals, garbage collection, sewer maintenance, clean drinking water, public transit and more. In 2013 it was reported that the average Canadian receives about $41,000 in public services each year. This would not be possible without everyone…

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Calgary, you keep surpassing all expectations! While some believed that the housing market would be one of the last to recover following the COVID-19 pandemic, in Calgary this has not been the case. Month after month in 2021 Calgary is reaching milestones not seen since before our oil market crash years ago. May hit a new record: 2989 sales! This is incredible new for buyers, sellers and investors.

Here are some of the highlights from the Calgary Real Estate Board's report:

  • "There were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month."
  • "The months of supply did trend up slightly this month to just over two months, but it was not enough to halt the upward pressure on prices."
  • "The unadjusted…
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The Calgary housing market continues to blow expectations out of the water. While some believed it would take years for us to recover from the coronavirus pandemic, after wave two we say the market skyrocket. This April was no exception: Calgary recorded it's highest sales for April in a very, very long time. Here are some of the highlights from the Calgary Real Estate Board's report:

  • "There were 3,209 sales in April"
  • "Recent price gains and tight market conditions have encouraged many sellers to list their home this month."
  • "Demand was strong enough to absorb the additional supply, ensuring the market continues to favour the seller."
  • "4,670 new listings coming onto the market in April, inventory levels trended up relative to last month…
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We have been happy to report good news month after month when it comes to the Calgary real estate market. This month is no different - great job, Calgary! This is why we have loved serving the city of Calgary for over thirty years. Each day is exciting and filled with possibility. Through every downturn and curveball, Calgary pushes on with tenacity! 

The Calgary Real Estate Board has released their statistics summary. Here are some highlights from their report, which you can read in full by clicking here. The bottom line? The Calgary real estate market has seen the best sales in over a decade!

  • "The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than…
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Congratulations, Calgary! The Calgary Real Estate Board, also known as CREB®, had incredible news to share in their February market report summary: “With gains in every price range, residential sales activity in February totaled 1,836. This reflects the best February since 2014.”

Time for a happy dance! This is wonderful news considering the last year we have had navigating a COVID-19 world. While we experienced the shock of a global pandemic in 2020 with a near pause in the market, the new year continues to push ahead with strength and optimism.  

CREB® chief economist Ann-Marie Lurie says, “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally…

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The title of the Calgary Real Estate Board's latest report on the Calgary housing market is: "January sales signal strong start to 2021!"

On that positive note, here are some of the highlights from their summary:

  • January sales were the highest they have ever been since January 2014. Considering the year we just came out of, this is an incredibly positive indicator of a stronger market and recovering economy. 
  • Improved sales were recorded in all home categories, from affordable single bedroom condos to sprawling luxury estates.
  • Chief Calgary Real Estate Board Economist Ann-Marie Lurie notes, "Discount lending rates are exceptionally low, which is likely attracting all types of buyers back into the market. New listings in the market were…
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Yesterday the Calgary Real Estate Board (CREB®) held their annual forecast, giving insight into what we can expect from the real estate market in 2021.

Their report was incredibly positive, which is good news to anyone looking to buy, sell or invest! 2020 was a difficult year for Calgarians, which was reflected in the real estate market. However, in the last quarter there were major improvements.  

Here are some of the highlights from their report:

  • CREB® Chief Economist Ann-Marie Lurie says, "It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled by exceptionally low lending rates and pent-up demand... sales are expected to rise by nearly five per cent on an annual basis in 2021."
  • "Calgary did…
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Here are some of the highlights from the Calgary Real Estate Board's December Real Estate Monthly Statistics Review:

  • "With December sales of 1,199, this is the highest December total since 2007." - CREB® December Report
  • "The number of sales exceeded the number of new listings in December contributing to further declines in inventory." - CREB® December Report
  • "Annual sales activity declined by one per cent compared to last year and remain well below long-term averages." - CREB® December Report
  • "The recent gain in the benchmark price was not enough to offset earlier pullbacks as the annual residential benchmark price in Calgary declined by one per cent over last year." - CREB® December Report
  • "Housing demand over the second-half of…
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The year of 2020 has been unprecedented, to say the least. This has had incredible impact on the Calgary, Alberta real estate market. Back in April we saw a near standstill in the market as the entire world shut down. Many feared this would have long-lasting impacts on our already struggling economy and real estate market. Despite the naysayers, the Calgary real estate market has outperformed expectations and risen from the ashes. There is still a long way to go, but trends are looking positive and worth holding hope in.

Each month the Calgary Real Estate Board (CREB®) releases a summary at the top of the month of what happened in the market the previous month. Here are some of the highlights from their latest report on October 2020, which you can…

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