Calgary housing market sees shifts
Posted on Sep 04, 2024
Housing activity continues to move away from the extreme sellers’ market conditions experienced throughout the spring. Easing sales, combined with gains in supply, pushed the months of supply above two months in August, a level not seen since the end of 2022.“As expected, rising new home construction and gains in new listings are starting to suppor...
Supply levels improve, taking some pressure off prices
Posted on Aug 01, 2024
With the busy spring market behind us, we are starting to see some shifts in supply levels. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio fell to 66 per cent, supporting a gain in inventory. Inventories rose to 4,158 units, still 33 per cent below what we typically see in July, but the first time they have pushed above 4...CREB releases Q2 2024 Calgary and region housing market report
Posted on Jul 29, 2024
The Calgary Real Estate Board (CREB®) has released its Q2 2024 housing market report, providing an overview of the real estate landscape in Calgary and surrounding areas. The report showcases trends in sales and pricing, offering valuable insights for industry professionals and prospective homebuyers and sellers.The latest data reveals that new lis...
June sales decline amid supply challenges and rising prices
Posted on Jul 02, 2024
Sales in June reached 2,738, marking a 13 per cent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 per cent higher than long-term trends.
“The pullback in sales reflects sup...
“The pullback in sales reflects sup...
Navigating RPR: A comprehensive guide
Posted on Jun 03, 2024
When it comes to real estate transactions, one crucial document that often gets scrutinized is the Real Property Report (RPR). This article outlines the legal boundaries and physical features of a property, providing vital information for both buyers and sellers.
However, understanding how to review an RPR effectively is essential to ensuring a smo...
Calgary home sales remain robust despite supply shortage in lower price ranges
Posted on Jun 03, 2024
In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one percent below last year's record high, it is 34 percent higher than long-term trends for the month. The pullback in sales was primarily driven by declines in lower-priced detached and semi-detached homes, where there was limite...