THE URBAN UPGRADE BLOG
RECENT BLOG ARTICLES

MAY 2024 MARKET UPDATE

Posted on May 01, 2024 in Market Updates



Sales in April rose by seven percent compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37 percent higher than long-term trends for the month. Much of the growth in sales has occurred for relatively more affordable, higher-density products. 

At the same time, there were 3,491 new lis...

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APRIL 2024 MARKET UPDATE

Posted on Apr 01, 2024 in Market Updates



March sales rose to 2,664 units, a 10 percent year-over-year gain and much higher than long-term trends. While new listings did pick up over last month, the 3,172 units were still below what we typically see in March and not enough relative to sales to drive any change in the supply situation. In March, the sales-to-new listings ratio rose to 84 pe...

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SEMI-ANNUAL MARKET REPORT - 2024 Vol 1

Posted on Mar 18, 2024


If you have been keeping an eye on the for sale signs in your area, you have likely noticed that Calgary’s real estate market is on fire! Over the last few years, we have experienced incredible in-migration and a strong economy, both of which have led to strong appreciation in our real estate sector.

A strong real estate market has meant different t...

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MARCH 2024 MARKET UPDATE

Posted on Mar 01, 2024 in Market Updates



New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 percent compared to last year for a total of 2,135 units. The shift in sales and new listings kept the sales-to-new listings ratio exceptionally high at 79 percent, ensuring inventories...

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GOVERNMENT CANCELS FIRST-TIME BUYER INCENTIVE

Posted on Mar 01, 2024 in Real Estate News



There's a change coming for prospective first-time homebuyers in Canada. The Canada Mortgage and Housing Corporation (CMHC) says it is ending the First-Time Homebuyer Incentive program (FTHBI), a plan that was meant to help reduce monthly mortgage payments. In a nutshell, the government offered a loan of up to 10% of the purchase price, which would...

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CALGARY LUXURY MARKET OUTPACES LARGER MARKETS

Posted on Feb 22, 2024 in Real Estate News



Calgary seems to be the star of the show these days when it comes to real estate trends and records, and the luxury homes market is no different with Calgary coming out on top in 2023! While other major city centres, such as Toronto, saw a decline in luxury home sales, and Canada as a whole plateaued, Calgary soared. Luxury home sales over $1-milli...

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