Searching for an affordable option to enter the housing market, more Calgarians are turning to Calgary’s apartment condominium market.
Read more: http://tinyurl.com/kjk46zd
Tag Archives: CREB® Chief Economist Ann-Marie Lurie
The Alberta Advantage
The temperatures around Calgary might be getting chillier, but the numbers coming out of the city’s real estate industry are anything but.
Read more: http://tinyurl.com/n9mbduc
An Opportunity to Upgrade
For a seller’s market, Calgary is certainly seeing it’s fair share of new buyers.
Following a month that saw MLS® sales in the city increase by 17 per cent from the previous year, August saw 2,196 sales in the city, an increase of 27.5 per cent in comparison to the same month in 2012.
Read more: http://tinyurl.com/kdetrzv
Calgary’s Most Wanted
Much like most of Calgary’s real estate scene, condos in the city are finding themselves in high demand.
Read more: http://tinyurl.com/l5vm4un
CMHC Implementing New Rules
The Canada Mortgage and Housing Corporation (CMHC) have implemented new rules on guarantees it offers banks and other lenders. A move CREB®’s president said is a step to control a market the agency feels is “overheated”.
Read more: http://tinyurl.com/lhgeykf
APRIL 2013 RESIDENTIAL STATISTICS
Calgary, May 1, 2013 –The benchmark price of single- family homes reached a new high of $452,900 in April, as market conditions that favour the seller finally drove prices above the unadjusted peak in 2007.
“It’s really encouraging to see that the Calgary market remains strong,” said Becky Walters, CREB® President. “It’s reassuring to both buyers and sellers to see that this area is outperforming many parts of the country.”
Read more: http://tinyurl.com/csfavp6
TOWNS QUARTERLY REPORT
Tightening market conditions are supporting price growth in Airdrie, Okotoks and Cochrane, although overall inventory levels of property remain healthy in areas surrounding Calgary.
Property sales in the surrounding areas totalled 865 units after the first quarter of the year, running at a similar pace to the same period in 2012. As in the entire region, the number of new listings has been falling at double-digit rates. Relatively strong demand has placed downward pressure on somewhat elevated inventory levels and reduced the time product is on the market. However, overall inventory levels still remain at healthy levels, meaning the conditions are balanced for buyers and sellers.
Read more: http://tinyurl.com/c2xvzpv
Calgary Residential Statistics: February 2013
Total residential sales for the month of February 2013 totaled 1,711 units, a one per cent decline over the previous year. Accounting for the leap year in 2012, activity in the single family market resembles last year’s activity. However, even with one less day in the February 2013 figures, condominium sales have made significant gains increasing by 13 per cent relative to February 2012.
Read more: http://tinyurl.com/a6zugya