3Apr/10Off
Inventory Watch (April 2010)
Year-over-Year Inventory Comparison Metro-Calgary SFH inventory has increased over 30% in a month and is quickly closing in on last year’s highest level. Condo inventory is already higher than the same time last year and looks to continue increasing. In 2009, SFH month-end inventory peaked in March with 4369 (Currently at 4114) Condo inventory had [...]
3Jan/10Off
2010 Calgary Housing Market Outlook
The following factors will shape the housing market this year: Interest Rates. The Bank of Canada has made a tentative commitment to keep rates at current historic lows until the middle of this year. Question is, by how much and how quick will rates then be raised? Fixed rate mortgages are an entirely different animal [...]
10Nov/09Off
Inventory Balancing Act
New home builders have the unenviable task of attempting to forecast demand and construct homes accordingly. Surprisingly, the recession hasn’t put a damper on the real estate market. Demand is as high as ever and developers are now scrambling to respond to a supply shortage but have to be prudent. “There is not a lot [...]
9Oct/09Off
Weekend Potpourri (Oct 9, 2009)
MLS® Inventory “We have a tremendous shortage of listings in Calgary,” said Ted Zaharko, broker for Royal LePage Foothills Realty. “The market has made a complete turnaround. The whole year, we’ve been behind in terms of the number of listings that should be on the market. I think conservatively Calgary is short about 1,000 listings right now. Supply [...]