APRIL 2024 MARKET UPDATE
Posted on Apr 01, 2024 in Market Updates
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...
FEBRUARY 2024 MARKET UPDATE
Posted on Feb 01, 2024 in Market Updates
January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000.
The rise in new listings relative to sales di...
CREB: 2023 MARKET SUMMARY & 2024 FORECAST
Posted on Jan 24, 2024 in Market Updates
The Calgary Real Estate Board (CREB) recently put out their annual market and economic review and forecast. This annual report examines the housing sector, local Calgary economy, and other variables which impact real estate such as lending rates and migration patterns.
Here, a look at what CREB has to say about the Calgary real estate market. If yo...
CREB: 2023 ECONOMIC REVIEW & 2024 FORECAST
Posted on Jan 23, 2024 in Market Updates
The Calgary Real Estate Board (CREB) recently put out their annual market and economic review and forecast. This annual report examines the housing sector, local Calgary economy, and other variables which impact real estate such as lending rates and migration patterns.
Here, a look at what CREB has to say about the Calgary economy. If you are looki...
Here, a look at what CREB has to say about the Calgary economy. If you are looki...
JANUARY 2024 MARKET UPDATE
Posted on Jan 02, 2024 in Market Updates
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominium-style homes.
“Higher lending rates dampened housing demand t...