Blog Entries Tagged: CREB | Page #2
Found 44 blog entries tagged as CREB.

Every month we post a summary of what happened in the Calgary real estate market in the month previous. These housing statistics come from CREB®, the Calgary Real Estate Board. CREB® is dedicated to providing sellers, buyers, investors and renters information they need to be successful in the real estate market. Just like us, their mission is to equip and inform consumers.

There is a reason why reading through the market summaries are important. When you are entering the market you need to know what you are getting yourself into. Being informed allows you to make wise, calculated decisions that will benefit you. Remember that the market is always changing; be flexible and stay on top of things.

The Calgary Real Estate Board is a great resource, but…

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CREB® is happy to report that "Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings." This is great news for both buyers and sellers! For buyers this means that there are more options available for purchase, and for seller's this means that there are actually potential byers for their property.

There was a lot of inventory gain in June.  Inventory levels  were 11% higher than last years average, coming in at 6,659 units. However, CREB® affirms that despite this, the market remains stable. They report, "second quarter activity continues to demonstrate improved supply-demand balance and price stability. City wide benchmark prices totaled $441,500 in June. This is a 0.5 per cent gain over last month and…

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Spring has arrived in Calgary! The grass is green and the flowers are in bloom. People are beginning to venture outside and play again as Calgary warms up for the summertime. Another thing that is warming up is the housing market.

Spring is always the most popular time in real estate. While other times of the year experience peaks in the market, spring is consistently active in the selling, buying, investing and renting sectors. There are a number of reasons why spring is the most popular time to enter the market.

Read on to find out why and how you can reap the rewards of such an active time in real estate.

First and foremost, the timing is ideal. Spring is a time of change and transition. University students are moving for the summer or…

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April was another great month for Calgary real estate! We have continued to see stability in the market, leading to better prices and inventory levels. The success of the real estate market relies heavily on the economy, so as long as our economy continues to get stronger, so will market conditions.

CREB® president David P. Brown had good news to report this month: “More jobs [in Calgary] means less uncertainty for people who are sitting on the fence [about entering the real estate market]. There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market.”

CREB® president David P. Brown adds, “it’s a good scenario for sellers who are entering a spring…

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The detached sector of housing is what really drove the market this year. CREB® reports, “February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.” One really wonderful thing that happened is that the average time a property is on the market dropped to 2.4 months, which has helped ease downward pressure on pricing. This means sellers are selling their homes faster and for better prices. The benchmark price for a property was $501,900 in February.

CREB® president David P. Brown notes, “there seems to be a new sense of optimism these days. Some sellers are feeling upbeat about the changing landscape and the improved chances of selling their home. Other people are looking at the…

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The market is in an interesting place right now. It continues to do better than this time last year, but it is still falling short of long term, ten year averages. This is leaving people in an awkward space where they should be encouraged, but also not comfortable. There will be lots of growth and changes yet.

CREB® chief economist Ann-Marie Lurie says, “while housing conditions continue to favour buyers, a slow transition toward more balanced conditions is helping to ease downward pressure on home prices. Conditions have improved over last year, but people need to remember that last year’s market was one of the weakest on record. Despite the appearance of a major shift in activity, the transition in the housing market is going to be a slow process.”

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2017 is going to be all about working towards market stability, something that has been shaky for the last two years. However, market stability will not reach all sectors of the housing market. CREB notes, “both detached and attached prices remain unchanged over 2016 levels, while apartment is forecasted to contract by another two per cent.” The stabilization of the housing market is going to be slow.

CREB chief economist Ann-Marie Lurie writes, “The transition in the housing market will be a slow process. We are entering the year with high unemployment rates and the possibility that job growth will not occur until the latter portion of 2017. These conditions will continue to weigh on housing demand, but supply is adjusting to weaker sales activity,…

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At the start of each new month we summarize the key points from the Calgary Real Estate Board’s (CREB) report on what happened in Calgary real estate the previous month.

Many people do not like reading about statistics. The numbers seem confusing and convoluted, sometimes manipulated to produce a specific result. They leave many people feeling frustrated and even more uneducated than they were to begin with. However, when it comes to CREB’s report, we guarantee credible, clear, helpful information.  CREB is a fantastic resource for buyers, sellers, investors, agents, etc.. If you are looking for information on the real estate market, they should be your #1 resource.

There is an important reason why we consistently relay the CREB report to you:…

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October was a strong month for the real estate market here in YYC. However, in November conditions turned back to previous trends. CREB® writes, “year- over-year monthly sales totalled 1,227 units, which is nearly three per cent lower than last year and 17 per cent below long-term averages.”

As we reported on back in November, major changes were made to Canada’s housing rules last month. The changes were aimed at helping Canadians keep from taking on larger mortgages than they could economically handle during a time when interest rates were incredibly low. For more information on this, check out an article on it HERE.

These changes may be helpful in the long run for people, but right now they are stopping many people from entering the market. This…

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This month the Calgary Real Estate Board (CREB®) had some good news for us: “For the first time in two years, sales activity in October resembled normal levels. City-wide sales totaled 1,644 units, which is an increase of nearly 16 per cent over last year.”

This is fantastic information for all of us who have been carefully watching the market as it has navigated turbulent economic conditions. We have always believed in Calgary’s ability to fight hard times with strength and perseverance. As Calgary’s economic confidence has begun to recover, Calgarians are starting to make confident real estate moves that are positively influencing the market.

The detached sector saw major sales in October. Sales are what have been preventing the market from making…

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