‘Favour the buyer’

Buyer’s conditions in the apartment sector are contributing to a continued shift in Calgary’s resale residential housing market, which experienced a second consecutive month of price declines in October, according to CREB®.

Read more: http://tinyurl.com/p8pkx47

Strong Demand In Surrounding Areas Causes Declining Inventories

For the third consecutive quarter, sales growth in all communities surrounding Calgary was in the double digits. In addition to lifestyle preferences, demand in surrounding areas has improved due to the relative price advantage over Calgary and less supply constraints in many of the surrounding markets.

Read more: http://tinyurl.com/ljfmpuo

Taking Inventory

Calgary’s housing market emerged from February’s deep freeze to post some impressive numbers. While keeping active proved to be a difficult task for many Calgarians, with wind chills in the city dropping down to minus 40, activity amongst home buyers and sellers remained brisk.

Read more: http://tinyurl.com/mclhyor

Autumn Advance

The leaves have fallen, but Calgary’s real estate market continued to heat up in October.

Residential sales activity in the city totaled 1,953 units last month. That is still lower than levels seen during the mid-2000s, but it’s an 18 per cent rise over 2012 and pushing year-to-date volume increases to just over 10 per cent.

Read more: http://tinyurl.com/mubwfh5