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Calgary Real Estate News

Calgary Real Estate news

Found 8 blog entries about Calgary Real Estate News.

The apartment segment of the market continues to face elevated inventory levels, despite improved sales. With months of supply remaining elevated at 5.9, downward price pressure persisted in February. The apartment benchmark price totaled $269,200, down 0.26per cent from last month and over five percent lower than levels recorded last year in February.

The attach (townhomes) sector recorded some improvements in sales, along with easing inventory levels. However, price adjustments are still occurring for row properties, with semi-detached product demonstrating some stability.

Despite the overall year over year construction in attached inventory levels, supply has still climbed in the $200,000 - $299,999 price range, supporting a gain in sales

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Calgary, March 2016 – February sales totaled 1,127 units in Calgary, a 6.63 per cent drop over last year and 37 per cent lower than long-term averages for the month. City wide unadjusted benchmark prices totaled $445,000 in February, a 0.63 per cent decline over January and 3.45 per cent lower than levels recorded last year.

Calgary has seen employment fall for eight consecutive months, while unemployment rates have reached levels higher than the previous recession, said Lurie, adding that these conditions are expected to persist over the next several months. While the number of new listings in Calgary continues to fall, inventory levels have remained elevated at 5,681units. Overall, market conditions continue to favour the buyer with five months of

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Slow sales activity and inventory gains place downward pressure on prices..

Calgary, Feb. 1, 2016 – Calgary’s housing market is starting 2016 firmly in buyers’ market territory, much the same as last year ended. The recent slide in energy prices has raised concerns about near- term recovery prospects for the city. Energy market uncertainty and a soft labour market are weighing on many aspects of our economy, including the housing sector.

January sales totaled 763 units, 13 per cent below last year and 43 per cent below long-term averages. While new listings declined by 16 per cent compared to January 2015, the number of new listings far outpaced the sales, causing inventory gains. January’s city wide months of supply levels rose above six months.

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Calgary Housing Market Does Not Show of Slowing

Year-over-year sales growth remains in double digit territory

Calgary, November 1, 2012 – City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011. The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011.

Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth. However, de-spite the higher than anticipated sales growth this year our market is not overheating, simply returning to levels consistent with long term trends and prices still have not fully recovered after the last recession.

Calgary Real Estate Graph

Sales improved over 2011 levels across all

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Resale market continues slow and steady recovery

Calgary, October 1, 2012 – Residential sales activity continues to improve in the Calgary area, as year-over-year sales for the month of September increased by 11 per cent. After the first three quarters of the year, residential sales within city limits totaled 17,018, a 15-per-cent increase over 2011.

There has been significant discussion over the slowing national market. However, Calgary is seeing improving sales activity and price growth with no indication that market is poised for a correction. In fact, for the first time in several years, the Calgary hous- ing market is demonstrating typical behavior for this time of year.

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Calgary, September 2012 – Following several months of higher than expected sales growth, Calgary residential sales in August totaled 1,725 units, a 10-per-cent increase over last year. While the sales growth remains strong, it is slower than previous five months in part due to the lack of new listings in the City’s single family market. With fewer products to choose from, many consumers are holding off on transacting or turning to surrounding towns, the new home market and condominiums.

New listings within the City of Calgary total 2,585 units in August, down 13 per cent from one year ago and down more than four per cent on a year-to-date basis. Meanwhile, new listings in the surrounding towns have improved by nearly 10 per cent after the first eight

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Low supply in the single-family market boosting activity across all sectors

Calgary, June 1, 2012 – May 2012 residential sales in the City of Calgary increased by 31.8 per cent over last year, to 2,385, making it the highest May activity since the recession. In the past month, easing concerns regarding Calgary’s long- term economic prospects combined with continued full-time job growth and low interest rates, has contributed to the rise in housing demand, pushing sales to levels more consistent with long term trends," says Ann-Marie Lurie, CREB®’s chief economist. "However, we are not out of the woods in terms or economic risks, as recent indicators point towards weak growth in the U.S. economy and

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Improved activity across all sectors

Calgary, May 1, 2012– For the month of April 2012, year-over year sales activity improved across all sectors in the city. Calgary residential sales total 2,200 for the month, a 26 per cent increase over levels recorded last year.

"The growth in full-time employment, combined with improving migration levels, is translating into improved demand for hous-ing," says Ann-Marie Lurie, CREB® chief economist. "While sales growth does seem exceptionally strong, it is important to keep in perspective that the sales activity in Calgary is returning to levels more consistent with the long-term average."

The single-family market continues to tighten, with months of supply dropping below three months. Sales growth

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Re/Max, CREB Certified Condominium Specialist