9Feb/12Off
New Housing Price Index (NHPI): December 2011
The price of a new Calgary home was up between November and December but down from the previous year according to Statistics Canada NHPI released today. Calgary’s index was up +0.2% in December but down -0.1% year-over-year. Nationally, the index … Continue reading
8Feb/12Off
TD vs BMO: Two Different Takes on Housing Start Data
BMO has made their stance clear. No Canadian housing bubble. CMHC is solid. And now: the new construction market is steady. First, just the facts: 197,900 annualized housing starts in January 2012, slightly down from December’s 199,900 starts. Multi-unit starts … Continue reading
8Feb/12Off
February 1-7, 2012 Calgary Real Estate Update
Sales lagging year-over-year Single family sales for the first week of February totaled 286, just slightly off the 291 recorded last year. Condo sales are trailing nearly 12% y/y with 97 transactions. Although sales are lower, so is the amount … Continue reading
7Feb/12Off
Chestermere Real Estate Statistics (2011)
Chestermere is described as a “dynamic recreational community with all of the ambiance of a laid-back lakeside community with friendly neighborhoods, housing, schools that are close to home and stores with services minutes away.” The town is located just east … Continue reading
6Feb/12Off
Calgary Single Family Homes Outperforming Condos
According to the newly released MLS® HPI index for January 2012, City of Calgary SFH have been trending better than condominiums over the past decade. Over the past 10 years… Single family homes are up +102.74% Apt-style condominiums are up … Continue reading
6Feb/12Off
Have Prices Increased in Your Community? January 2012
Below are some highlights of the new MLS HPI index. January 2012 Year-over-Year Notables for Single Family Homes. Price Increases Y/Y Varsity Acres: +14.77% Mayfair: +14.58% North Haven: +13.68% Britannia: +12.91% Cambrian Heights: +12.56% Glamorgan: +12.08% Price Decreases Y/Y Roxboro: … Continue reading
3Feb/12Off
Metro-Calgary SFH Pending Sales Down 33%
As of February 2nd, pending sales for single family homes in Metro-Calgary were down -33% from a year ago and down -19.5% from 2010. Condo pending sales were fairing slightly better -30% y/y. The question is: how much can be … Continue reading
3Feb/12Off
Calgary’s Labor Market Improves: January 2012
Calgary’s unemployment rate was 4.9% in January 2012 according to the City of Calgary’s latest Labor Market Review. This is an improvement from the 5.9% recorded a year earlier, but slightly higher than Edmonton’s 4.7% and Alberta’s overall 4.8%. Other report … Continue reading
2Feb/12Off
Alberta Housing Starts to Increase in 2012-13
According to Scotia’s Global Forecast report released today, Alberta housing starts are expected to increase this year & next. Meanwhile housing starts in Saskatchewan, Manitoba, Quebec, Ontario & the Atlantic are expected to decline from 2011′s levels and BC starts … Continue reading
2Feb/12Off
Airdrie MLS® Listings 46% Unoccupied
If you’re looking for a quick possession home, take a look at Calgary’s northern neighbor city: Airdrie. Of the 301 currently active SFH & condo listings, 139 of them are unoccupied – either new construction or resale that is vacant. … Continue reading