COVID-19 weighing on housing market
Posted on Apr 01, 2020
City of Calgary, April 1, 2020
After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society.
The economic impact is starting to be felt across many industries. This includes the housing market.
March sales activity started the month strong, but quickly changed, as concerns regarding the...
Home sales see a bump
Posted on Mar 02, 2020
This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s.
With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer-term trends and consistent with...
Another REALTOR® Says They’ll Buy My House. Should I Be Wary?
Posted on Feb 05, 2020
Wary might not be the best word, but you do need to make sure you understand the details of the offer. This type of offer is a guaranteed sales agreement, and while there is nothing illegal or wrong with a real estate company offering this kind of arrangement, it is rarely the best option for consumers.In a guaranteed sales agreement, a real estate...
Capitalizing on the Current Real Estate Cycle and Making Strong Investments in Alberta
Posted on Feb 05, 2020
Special Event Invitation
What’s Behind the Curtain:
Capitalizing on the Current Real Estate Cycle and Making Strong Investments in Alberta
Join CIR REALTY on February 13th to learn about the current state of the Alberta real estate market and where it fits in the real estate cycle.
Practical, timely advice will be given on how you can capitalize on cur...
2020 opens with a slight gain in sales
Posted on Feb 03, 2020
Housing market conditions continue to follow similar trends to last year, with gains in sales.At the same time, there have been further reductions in new listings, inventory and more declines in prices.
January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While sales remained well below January activity recorde...
Calgary’s housing market expected to support more stable conditions in 2020
Posted on Jan 14, 2020
Calgary, Jan. 14, 2019 – Since the oil price crash, Calgary has faced job losses, wage reductions and tightening national housing policy. These factors have all contributed to the slower sales environment, excess supply and citywide price adjustments of more than 10 per cent.
However, as Calgary moves into the sixth year of this cycle, there are ind...