29Jul/10Off
Calgary Historical Average House Prices & Sales Timeline
A look at Calgary house prices & sales over the past few decades. During the early 1980′s boom/bust, Calgary average house prices peaked at $110,184 (Total MLS) in January 1982. Prices bottomed out in November 1984 at $68,322 – at … Continue reading
29Jul/10Off
Calgary Historical Average House Prices & Sales Timeline
A look at Calgary house prices & sales over the past few decades. Note: Up until May 2007, the residential statistics compiled by CREB included “single family homes, condos, and mobile homes in the city of Calgary and surrounding district. Please be aware that these numbers do not include ”Total MLS” which includes Country Residential and Rural Land. Country [...]
28Jul/10Off
House Price Index (HPI): May 2010
While sales levels were dropping, prices were still on the rise in May according to the Teranet-National Bank House Index. Canadian home prices in May were up 13.6% from a year earlier. The 12-month gain was most influenced by: Vancouver … Continue reading
25Jul/10Off
Does Real Estate Slump During the Summer Months?
Do Calgary Sales Slump During the Summer Months? Generally speaking, yes. Sales usually peak in the spring months before declining throughout the remainder of the year. In 6 out of the last 9 years, sales peaked in March or April. … Continue reading
21Jul/10Off
Inventory Update (July 2010)
SFH inventory has peaked After eclipsing the 6300 mark in late June, SFH inventory began its descent. The pace of new listings has slowed from earlier in the year and expiring listings are a main contributing factor for the … Continue reading
20Jul/10Off
Special Assessments Becoming More Commonplace
Calgarians haven’t had to deal with widespread issues such as “The Leaky Condo Crisis” that continues to plague B.C. residents. That’s not to say that condo buyers shouldn’t be aware of other factors that have been emerging more frequently … Continue reading
19Jul/10Off
Was Demand Really Pulled Forward?
The reason sales in Calgary have plummeted has often been attributed to pulled forward demand – buyers wanted to get in before the new regulations took effect in April or because rising interest rates were on the horizon. If … Continue reading
17Jul/10Off
Is the Luxury Segment Reflective of True Market Conditions?
A recent news article surmised that the resale market is poised to pick up steam since the luxury segment is showing strength. However, is strength in the luxury market indicative of a strong market overall or a precursor of better resale conditions to come? Not necessarily. Chief economist Gregory Heym stated that activity at this small upper [...]
15Jul/10Off
July 1 – 14, 2010 Calgary Real Estate Statistics
As we approach the middle of July, the second week of activity has just reaffirmed for us the trends that were seen developing earlier, namely: Low sales levels New listings dwindling Inventory peaking last month Whether it’s the residual effect of pulled forward demand and changed mortgage rules or not, sales levels continue to track [...]
14Jul/10Off
New Condo Search Options
Just a quick update: effective today, CREB has added several additional searchable fields that will be available for newly listed condos that will help buyers and agents alike in their search. This isn’t the entire list, but I wanted to highlight a few I thought would come in handy in narrowing down your search results. Most are [...]