Calgary's trusted source of real estate news, advice and statistics since 1983.
Stories Tagged - Calgary Real Estate News
News
July 03, 2014 | Cody Stuart
Legendary luxury
Calgary's million dollar market continues to shatter records
Just one month after setting the all-time record for luxury sales, Calgary's million dollar homes market has once again set a new mark.
June saw 104 sales of homes priced at $1 million or more, topping the previous record of 94 million-dollar plus sales, set in May. Prior to that, the previous record was 83, set in May 2013.
Just one month after setting the all-time record for luxury sales, Calgary's million dollar homes market has once again set a new mark.
June saw 104 sales of homes priced at $1 million or more, topping the previous record of 94 million-dollar plus sales, set in May. Prior to that, the previous record was 83, set in May 2013.
News
July 03, 2014 | CREBNow
Supply and demand
June brings rise in number of homes sold and listed
Normally associated with a rise in the mercury, the arrival of summer also provided a boost to Calgary's housing market this June.
Driven by continued strong demand amongst buyers, residential sales totaled 2,670 units in June, a 16 per cent increase over last year and 18 per cent above the 10-year average.
Normally associated with a rise in the mercury, the arrival of summer also provided a boost to Calgary's housing market this June.
Driven by continued strong demand amongst buyers, residential sales totaled 2,670 units in June, a 16 per cent increase over last year and 18 per cent above the 10-year average.
News
June 18, 2014 | Cody Stuart
Rule change
Mandatory agreements coming to real estate transactions in Alberta
The process of buying or selling a home in Alberta will soon change as a result of new rules instituting mandatory written service agreements between consumers and real estate professionals.
The agreements, which take effect July 1, have long been a standard in the industry. The move by Alberta
real estate's governing body to make them mandatory comes from the desire to increase clarity and protection
for consumers, said Kevin Clark, chair of the Real Estate Council of Alberta (RECA).
The process of buying or selling a home in Alberta will soon change as a result of new rules instituting mandatory written service agreements between consumers and real estate professionals.
The agreements, which take effect July 1, have long been a standard in the industry. The move by Alberta
real estate's governing body to make them mandatory comes from the desire to increase clarity and protection
for consumers, said Kevin Clark, chair of the Real Estate Council of Alberta (RECA).
News
June 18, 2014 | Cody Stuart
Planes, cranes and development deals
Airport expansions seen as catalyst for growth
Along with giving the city a transportation hub that rivals the very best in Canada, Calgary's airport expansion is expected to lure even more development to the area.
The $2-billion expansion – the largest project's in the airport's history – and its role in driving future development in the area were among the topics discussed as part of a recent lunchtime talk with Calgary Airport Authority's communications & marketing director Jody Moseley.
Along with giving the city a transportation hub that rivals the very best in Canada, Calgary's airport expansion is expected to lure even more development to the area.
The $2-billion expansion – the largest project's in the airport's history – and its role in driving future development in the area were among the topics discussed as part of a recent lunchtime talk with Calgary Airport Authority's communications & marketing director Jody Moseley.
News
June 10, 2014 | CREBNow
CMHC releases May housing start numbers
Trend in total housing starts in Calgary declines in May
In a release from the Canada Mortgage and Housing Corporation (CMHC), housing starts in the Calgary Census Metropolitan Area were trending at 15,776 units in May compared to 17,239 in April. The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.
In a release from the Canada Mortgage and Housing Corporation (CMHC), housing starts in the Calgary Census Metropolitan Area were trending at 15,776 units in May compared to 17,239 in April. The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.
News
June 04, 2014 | CREBNow
Record-setting May
Residential sales for last month, highest ever recorded in Calgary
Calgary's residential housing market continued its upward surge last month with a record-setting May that saw a 16 per cent increase in sales.
A combined 2,948 single- and multi-family homes switched hands last month, compared with 2,535 in May 2013. This year's total represents the most sales in May in Calgary's history.
Calgary's residential housing market continued its upward surge last month with a record-setting May that saw a 16 per cent increase in sales.
A combined 2,948 single- and multi-family homes switched hands last month, compared with 2,535 in May 2013. This year's total represents the most sales in May in Calgary's history.
News
June 04, 2014 | Cody Stuart
A tale of two cities
Contrasting secondary suite acceptance in Alberta's two major centres
* Part three of a three part series on secondary suites in Calgary
Once restricted to hockey rinks and football fields, the Battle of Alberta is now playing out on the streets of the province's two major cities.
While the final score is not in yet, Edmonton has jumped out as the early leader in its acceptance of legal secondary suites.
* Part three of a three part series on secondary suites in Calgary
Once restricted to hockey rinks and football fields, the Battle of Alberta is now playing out on the streets of the province's two major cities.
While the final score is not in yet, Edmonton has jumped out as the early leader in its acceptance of legal secondary suites.
News
June 02, 2014 | CREBNow
May day
May sales activity highest ever recorded for Calgary
There were 2,948 sales in Calgary in May, a 16 per cent increase compared to the same time last year.
The numbers are the highest recorded in Calgary for that month, ever.
"Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages," said Ann-Marie Lurie, CREB's chief economist. "Leading up to May, resale market sales were somewhat restricted by a lack of choice. However, recent price gains have encouraged growth in new listings, helping meet some of the housing demand."
There were 2,948 sales in Calgary in May, a 16 per cent increase compared to the same time last year.
The numbers are the highest recorded in Calgary for that month, ever.
"Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages," said Ann-Marie Lurie, CREB's chief economist. "Leading up to May, resale market sales were somewhat restricted by a lack of choice. However, recent price gains have encouraged growth in new listings, helping meet some of the housing demand."
News
June 04, 2014 | CREBNow
Feature: MD of Foothills
Discover hidden gems a stone's throw from the hustle and bustle of Calgary
For those who call the area home, the MD of Foothills is a welcome reprieve from the hustle and bustle of city life.
Comprised of rolling hills, golden wheat fields, leafy woodlands and mountain vistas, the 3,600-square-kilometre area south of the Calgary city limits surrounds the towns of Okotoks, High River, Turner Valley and Black Diamond as well as the village of Longview and Eden Valley Indian Reserve.
For those who call the area home, the MD of Foothills is a welcome reprieve from the hustle and bustle of city life.
Comprised of rolling hills, golden wheat fields, leafy woodlands and mountain vistas, the 3,600-square-kilometre area south of the Calgary city limits surrounds the towns of Okotoks, High River, Turner Valley and Black Diamond as well as the village of Longview and Eden Valley Indian Reserve.
