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News
Feb. 10, 2015 | CREBNow
Choice situation
Rise in listings adds options to condo market
Calgary's housing market was a welcome sight to many new homebuyers in January, particularly those dipping their toes into the attached and apartment sectors.
Citywide listings in the categories ballooned by 38 and 52 per cent, respectively, in January compared to the same period last year. Sales, meanwhile, declined by as much as 43 per cent – creating, when combined with an increase in listings, an influx of inventory and thus more options for would-be buyers.
Calgary's housing market was a welcome sight to many new homebuyers in January, particularly those dipping their toes into the attached and apartment sectors.
Citywide listings in the categories ballooned by 38 and 52 per cent, respectively, in January compared to the same period last year. Sales, meanwhile, declined by as much as 43 per cent – creating, when combined with an increase in listings, an influx of inventory and thus more options for would-be buyers.
News
Feb. 10, 2015 | CREBNow
'Do the right thing'
City's multi-family mandate for recycling drawing nearer
The City is urging landlords to start thinking about recycling sooner than later as the deadline nears for new mandatory recycling rules in multi-family units.
"What we're trying to do right now is encourage all the building owners or their designated management group to find a recycling option for their residents that works best for them and their building type," said Parnell Legg, waste diversion specialist with the City.
The City is urging landlords to start thinking about recycling sooner than later as the deadline nears for new mandatory recycling rules in multi-family units.
"What we're trying to do right now is encourage all the building owners or their designated management group to find a recycling option for their residents that works best for them and their building type," said Parnell Legg, waste diversion specialist with the City.
News
Feb. 10, 2015 | CREBNow
About: property taxes
The City-assessed value of both single residential and condominium properties in Calgary recorded double-digit growth in 2015.
According to the City of Calgary, which mailed out more than half a million property and business notice to residents in early January, the 2015 median single residential assessment grew by 10 per cent to $475,000 from $430,000 in 2014. The median residential condominium assessment, meanwhile, is up 11 per cent to $290,000 from $260,000.
Here are five things you need to know about this year's assessments:
According to the City of Calgary, which mailed out more than half a million property and business notice to residents in early January, the 2015 median single residential assessment grew by 10 per cent to $475,000 from $430,000 in 2014. The median residential condominium assessment, meanwhile, is up 11 per cent to $290,000 from $260,000.
Here are five things you need to know about this year's assessments:
News
Feb. 02, 2015 | CREBNow
Consumer confidence impacting demand
CREB's monthly stats show Calgary sales in January total 880 units, below typical activity
Low oil prices throughout January, combined with a shifting outlook in the energy sector, caused unease for consumers. As a result, monthly housing sales activity fell to levels not seen in five years.
"Economic conditions this year are expected to be weaker than original estimates provided in December 2014," said CREB® chief economist Ann-Marie Lurie.
Low oil prices throughout January, combined with a shifting outlook in the energy sector, caused unease for consumers. As a result, monthly housing sales activity fell to levels not seen in five years.
"Economic conditions this year are expected to be weaker than original estimates provided in December 2014," said CREB® chief economist Ann-Marie Lurie.
