Blog Entries Tagged: Calgary Real Estate Board
Found 8 blog entries tagged as Calgary Real Estate Board.

The Calgary Real Estate Board has released its update on the market! Here are some of the highlights from their report:

  • "Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales" (The Calgary Real Estate Board ).
  • "The sales-to-new-listings ratio remained elevated at 87 per cent, preventing any significant shift from the low inventory situation. Inventory levels in August dropped to 3,254 units" (The Calgary Real Estate Board ).
  • "The unadjusted benchmark price reached $570,700 in August, representing the eighth consecutive monthly gain. Prices have trended up across all property types, with row-style properties reporting the largest increase" (The Calgary Real Estate Board ).

Calgary Real Estate…

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The Calgary Real Estate Board has released its market statistics update summarizing what happed last month. This is such good information to have, so here are some of the highlights:

  •  "1,857 sales this month."
  • "Year-to-date sales have reached 26,823 and with only two months to go, 2022 will likely post a record year in terms of sales."
  • "New listings also trended down this month... Much of the inventory decline has been driven by product priced below $500,000."
  • "With only two months of supply, conditions remain tighter than historical levels. We are also seeing divergent trends in the market with conditions continuing to favour the seller in the lower-price ranges and shifting to more balanced conditions in the upper-price ranges."
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The stats are in! Here are the highlights from the Calgary Real Estate Board's latest report:

  • "Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors." (CREB®)
  • "Listings for homes priced below $500,000 fell by 18 per cent, while levels rose by 20 per cent for homes priced above $500,000." (CREB®)
  • "With just over two months of supply, the market remains far tighter than anything experienced throughout the recessionary period experienced prior to the pandemic." (CREB®)
  • "As expected, the benchmark price did see some slippage relative to levels seen earlier in the year and rising lending rates have cooled much of the bidding war activity that was driving significant…

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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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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 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 announced its stats for January 2019! Read on for the inside scoop.... 

As economic challenges linger into 2019, housing markets remain on a sluggish pace.

  • In January 804 units were sold. This is 21 per cent below long-term averages for the month of January, and 16 per cent below last January's averages. 
  • Citywide benchmark prices eased to $414,800 for residential homes, dropping 1 per cent from the previous month of December, and 4 per cent below averages from January in 2018.
  • Months of supply now sits at seven months. This is due to yet another increase in inventory, without enough sales to balance the scales. As such, Calgary continues to stay locked in a buyer's market. 

CREB® chief economist…

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What was the Calgary Real Estate Board's overall message when summarizing the Calgary housing market for the month of August? Listings are outpacing sales.

 CREB® chief economist Ann-Marie Lurie had this to say about the market: “Employment growth is contributing to the stability in sales activity, but it is not enough to meet the recent rise in listings and make a substantial dent in inventory levels. Unemployment rates remain elevated and job growth is mostly occurring outside the energy sector, slowing the recovery process. Broader economic improvements will be required prior to it translating into substantial improvements in the housing market.”

Quick Notes:

  • Inventory levels are high, totaling just over 6000 units. While this is 16% higher…

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