Weak sales persist in Calgary and beyond
Posted on Jul 04, 2018 in Statistics
City of Calgary, July 3, 2018 –Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines.
The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of those areas.
"While our economy is no lon...
Housing Market Inventory on the Rise
Posted on Apr 03, 2018 in Statistics
Prices remain stable compared to last year
As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to the lending market.
First quarter sales totalled 3,423 units, nearly 18 percent below last year's levels...
A Bumpy Road to Recovery
Posted on Mar 02, 2018 in Statistics
Calgary, March 1, 2018 –
Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.
Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.Sales totalled 1.094 units in February, 18 percent below last year's activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first t...
Higher Sales Numbers Paired with Higher Inventory gives you...
Posted on Jan 05, 2018 in Statistics
It was a pleasant surprise in December that the Holiday Season not only brought cheer and goodwill (and frigid temperatures that we are glad to see gone), but with it higher sales numbers than we have seen in the previous couple of years in the same month. While we did see an increase in sales, there was also an increase in the listing inventory wh...