Market Updates

Market Updates

Found 66 blog entries about Market Updates.

It's that time of the month again! The Calgary Real Estate Board has released their monthly statistics summary going over what happened in the real estate market in Calgary, Alberta for the month of July. Sometimes people can find statistics like this boring, but here are three reasons why you should know what is happening in the Calgary real estate market:

  1.  The Calgary real estate market and the Calgary economy are directly correlated. Wondering how our economy is doing? Check out the real estate statistics.
  2.  The most successful buyer, seller or investor is the most informed one.
  3.  If you're not buying, selling, or investing anytime soon, these stats can show you how things are trending so you can strategically plan your future moves. 
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The June 2020 Calgary real estate statistics summary was just released by the Calgary Real Estate Board, also commonly referred to as CREB. Here are some of the highlights from their report:

  • "After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totalling 1,747 units."
  •  "monthly sales are nearly two per cent lower than activity recorded last year."
  •  Chief Economist Ann-Marie Lurie says, "recent price declines, easing mortgage rates and early easing of social restrictions are likely contributing to the better-than-expected sales this month. However, the market remains far from normal. Challenges, such as double-digit unemployment rates, will continue to
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In 2013 when flooding ravaged our beautiful city, the Calgary Stampede released their new slogan for the year: "come hell or high water." In a lot of ways the onset of Summer 2020 has felt similar to 2013, as COVID-19 continues to impact our city. There is a sense of fragility, weariness, and uncertainty about what is to come. People are wondering how as a city--and a world--we will ever come back from the ways this pandemic has impacted us politically, economically, mentally and physically. However, just like in 2013, Calgarians are standing strong, come hell or high water.

In 2020 we have seen and experienced unimaginable suffering. We have also seen and experienced inspiring heroics and hope. The City of Calgary has pulled together to make sure

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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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