Blog Entries Tagged: Housing Statistics
Found 3 blog entries tagged as Housing Statistics.

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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The Calgary Real Estate Board (CREB®) had good news to report in their summary of what happened in the YYC housing market in march: the detached sector reached balanced supply and demand levels. This ideal condition gave the market a great boost, with more sales being made than there has been in the last couple of years. This is something we have been waiting for ever since the market crash, and is a testament to Calgary’s ability to bounce back from hardship.

What exactly led to these balanced conditions? CREB® president David P. Brown reports,“it’s not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out. These changes are lifting the cloud of uncertainty…

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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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