March 2024

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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