If you are potential homebuyer these days in the Calgary market, you’ve probably noticed the number of properties listed for sale isn’t what it was like a year ago.
Numbers by the Calgary Real Estate Board on MLS listings certainly point that out.
Read more: http://tinyurl.com/agycs7t
Calgary’s residential resale housing market is showing some strong signs of activity so far this month.
Read more: http://tinyurl.com/a56vswn
As the first quarter of 2013 rolls along, Calgary’s condominium market is thriving.
“With less selection in the single family market, particularly at the lower price ranges, more consumers are turning to the condominium market,” said Ann-Marie Lurie, CREB® chief economist. “Throughout the downturn there were more single family homes priced under $400,000. However, over the past few years the number of new single-family listings in this range represents a declining share of the market, leaving consumers looking for more affordable products.”
Read more: http://tinyurl.com/b6dm2ls
Sales of single-family resale homes eased in February compared to the same month a year ago, says the Calgary Real Estate Board.
With 1,209 deals in February, sales dropped six per cent from the 1,281 transactions during the same time in 2012, says the Calgary Real Estate Board.
Read more: http://tinyurl.com/a78knmd
A new report says Canada’s housing prices are overvalued by at least 20 per cent.
U.S. agency Fitch Ratings says the high price tags across the country, may not be benefitting homebuyers or sellers.
However, Alberta may be in it’s own bubble.
Read more: http://tinyurl.com/a4zzn5p
Having long provided an affordable entry into the housing market, Calgarians are again turning to the condo sector as a way to make their homebuying dreams a reality.
According to CREB®, sales in the apartment and townhouse sector recorded annual increases of 12 and 16 per cent, respectively, in 2012, despite a decline in listings.
A likely factor in the rising demand for Calgary condos is the lack of availability in the city rental market. According to the Canada Mortgage and Housing Corporation’s (CMHC) Fall Rental Market report for the city, the apartment vacancy rate in the Calgary CMA declined to 1.3 per cent in October 2012.
Read more: http://tinyurl.com/bntbjff
With fewer options in Calgary’s resale housing market to start the year, house hunters are flocking to new homes in early 2013.
From the start of the year to Feb. 12, active listings of resale homes in the city dwindled by 31 per cent compared to the same time a year earlier, says the Calgary Real Estate Board.
Read more: http://tinyurl.com/cpaxybw
CALGARY — The New Housing Price Index in the Calgary region rose 0.5 per cent in December from the previous month, according to Statistics Canada.
The federal agency also reported on Thursday that the index was up 3.1 per cent from a year ago for the Calgary census metropolitan area.
Read more: http://tinyurl.com/a82junf
CALGARY — Calgary’s housing market experienced a record year for luxury home sales in 2012 and the pace of transactions in January 2013 suggests the market is not slowing down.
According to the Calgary Real Estate Board, there were 34 MLS sales in Calgary of properties over $1 million in January — just shy of the January record of 36 luxury sales in 2007.
Read more: http://tinyurl.com/b3waanz
CALGARY — Every housing category in Calgary’s resale market, including surrounding towns, is expected to see continued sales and price growth this year, according to the latest Calgary Real Estate Board annual forecast which was released Wednesday.
But the rate of growth will moderate.
Overall, CREB said total MLS sales in the city would jump by 2.2 per cent in 2013 to 21,669 transactions while the average benchmark price would rise by 2.9 per cent to $392,469.
Read more: http://tinyurl.com/a55sma3