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Stories Tagged - CREB® President Bill Kirk
News
Aug. 08, 2016 | Cailynn Klingbeil
55 Years of Real Estate: 2014 CREB® president Bill Kirk
Signs of economic hardship started to reveal themselves by the end of 2014, recalled then-CREB® president Bill Kirk
While the true severity of the economic slump currently dominating headlines had yet to been felt in 2014, Bill Kirk said the writing was already on the wall by the end of his tenure as CREB® president.
Oil production in the Middle East had just started to ramp up, prices for a barrel had started to fall and jobs in Calgary were suddenly in question, he recalled.
"By the end of 2014, there was talk of an oil glut," said Kirk. "We knew there would be fallout ... (but) no one knew what would happen.
"We were all surprised at how slowly through 2015 the bad news hit."
While the true severity of the economic slump currently dominating headlines had yet to been felt in 2014, Bill Kirk said the writing was already on the wall by the end of his tenure as CREB® president.
Oil production in the Middle East had just started to ramp up, prices for a barrel had started to fall and jobs in Calgary were suddenly in question, he recalled.
"By the end of 2014, there was talk of an oil glut," said Kirk. "We knew there would be fallout ... (but) no one knew what would happen.
"We were all surprised at how slowly through 2015 the bad news hit."
News
April 02, 2014 | CREBNow
Single Family Shortage
With an increase in Calgary's single-family market sales, a decline in new listings has brought inventory numbers to their lowest level for the month of March since 2006.
Single-family sales at the end of the first quarter of this year totalled 3,901 units, a 9.5 per cent increase over the same period last year while new listings declined by nearly five per cent. As sales growth outpaced the amount of new listings growth in the market, inventory levels dropped to just over 2,000 units.
Single-family sales at the end of the first quarter of this year totalled 3,901 units, a 9.5 per cent increase over the same period last year while new listings declined by nearly five per cent. As sales growth outpaced the amount of new listings growth in the market, inventory levels dropped to just over 2,000 units.
News
April 01, 2014 | CREBNow
Conditions Continue to Favour The Seller
Calgary, April 1, 2014 – Residential sales activity improved across all sectors in March. However, declining new listings in the single family sector combined with further gains in sales activity decreased single family inventory to the lowest March level since 2006.
"There are several factors contributing to the growth in housing demand, including the inflow of people to our province over the past two years, strong gains in employment and tight rental conditions," says CREB® chief economist Ann-Marie Lurie.
"There are several factors contributing to the growth in housing demand, including the inflow of people to our province over the past two years, strong gains in employment and tight rental conditions," says CREB® chief economist Ann-Marie Lurie.
News
Feb. 20, 2014 | CREBNow
No Vacancy
Month after month the reports come in and month after month Calgary is still holding at a bleak one per cent rental vacancy.
In a report released by CIBC World Markets Inc., Calgary was shown to have the lowest rental vacancy rate out of the major city markets in Canada.
In a report released by CIBC World Markets Inc., Calgary was shown to have the lowest rental vacancy rate out of the major city markets in Canada.
News
Feb. 06, 2014 | Cody Stuart
In High Demand
The number of homes up for sale may have declined, however Calgary's housing market showed no sign of letting up in January.
Undeterred by a four per cent drop in new listings, MLS® sales in the city increased by 17 per cent year-over-year in January. The increase marks the tenth consecutive month of year-over-year increases in Calgary dating back to March of 2013.
Undeterred by a four per cent drop in new listings, MLS® sales in the city increased by 17 per cent year-over-year in January. The increase marks the tenth consecutive month of year-over-year increases in Calgary dating back to March of 2013.
News
Feb. 03, 2014 | CREBNow
Positive Start to The New Year
On the heels of a strong year of sales growth, January sales in the city of Calgary totaled 1,440 units, a 17 per cent increase over the previous year.
"Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in thecondominium sector," said CREB® chief economist Ann- Marie Lurie. "While these are the highest January sales levels since 2008, total sales transactions are in line with long-term trends."
"Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in thecondominium sector," said CREB® chief economist Ann- Marie Lurie. "While these are the highest January sales levels since 2008, total sales transactions are in line with long-term trends."
News
Jan. 16, 2014 | Cody Stuart
A 'Well-Positioned' Market
Resale homes sales in Calgary are expected to moderate this year, with volume increasing by 3.6per cent and prices up by 4.3 per cent.
CREB®'s forecast anticipates a rise in resale listings and less upwards pressure on prices. The forecast, presented at the BMO Centre at Stampede Park, predicts sales in the city to moderate, climbing to 24,335 units in total.
CREB®'s forecast anticipates a rise in resale listings and less upwards pressure on prices. The forecast, presented at the BMO Centre at Stampede Park, predicts sales in the city to moderate, climbing to 24,335 units in total.
News
Jan. 08, 2014 | Cody Stuart
Supporting Growth
For the city's real estate market, 2013 is going to be a tough act to follow.
In a year that saw nearly tape-totape sales growth over its predecessor, 2013 ended on yet another high note as December sales increased eight per cent year-over-year sales over the previous year. Year-over-year sales growth rose every month in 2013 save February and March, with MLS® sales for the year up by 11 per cent over 2012.
In a year that saw nearly tape-totape sales growth over its predecessor, 2013 ended on yet another high note as December sales increased eight per cent year-over-year sales over the previous year. Year-over-year sales growth rose every month in 2013 save February and March, with MLS® sales for the year up by 11 per cent over 2012.