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Stories Tagged - CREB®
Oct. 24, 2018 | Kathleen Renne
Pop the question: Tom Westcott
In 2018, CREB® welcomes longtime Calgary REALTOR® and industry veteran Tom Westcott as the organization's new president. Westcott sat down with Kathleen Renne for CREB®Now to talk about his career in the industry, his passion for real estate and his thoughts on the Calgary housing market in 2018.
July 25, 2018 | Geoff Geddes
Mitigation efforts continue five years after 2013 flood
"When I got involved five years ago, I thought the City would be further along than they are now, but we have to appreciate that a ton of work has been done around flood mitigation," said Tony Morris, co-president of the Calgary River Communities Action Group. The grassroots organization advocates for upstream mitigation to protect thousands of homeowners across Calgary.
June 06, 2018 | CREBNow
Lending conditions weigh on housing demand
Citywide sales activity in May totalled 1,726 units, 19 per cent below last year's levels and 24 per cent below longer-term averages. Sales activity in the detached sector declined to levels not seen in over a decade.
"The impact of rising lending rates and stricter qualification levels is causing demand to ease across all product types," said CREB® chief economist Ann-Marie Lurie.
May 14, 2018 | CREBNow
How to pick a REALTOR®
Eighteen questions you should ask a Realtor before hiring
Buying or selling a home is likely the biggest transaction people will make in their lives.
For example, the average MLS® System sale price in Calgary, as of the end of April, was close to half a million dollars.
Whether you're a buyer or a seller, finding the right REALTOR® can be a daunting task. There are many to choose from; CREB® has more than 5,400 registered Realtors serving Calgary and surrounding areas. It's important to select a Realtor who can meet your needs, especially when you consider the stakes.
May 16, 2018 | Mario Toneguzzi
Lacklustre luxury
High-end housing market continues sluggish recovery, but slow sales bump up supply As a former long-time writer with the Calgary Herald focusing on the real estate beat, I knew how popular coverage of the real estate industry was to readers.
One aspect of the industry people always loved reading about was the city's luxury home market. So, I was curious how the high-end segment of the housing market has been faring lately.
Year-to-date sales – up to the end of April – of $1-million-plus properties totalled 204 transactions, which is down slightly from 211 during the same period a year ago, says Ann-Marie Lurie, chief economist with CREB®.
March 07, 2018 | CREBNow
A bumpy road to recovery
Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.
Sales totaled 1,094 units in February, 18 per cent below last year's activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.
Jan. 30, 2018 | Barb Livingstone
Give and take
In 2018, the Calgary housing market will face a new reality of slower growth amidst higher interest rates and more restrictive mortgage lending rules.
While that new reality should be moderated by a modest uptick in the still-recovering local economy – assuming continuation of the job growth and net migration recorded last year – CREB® anticipates flat sales and prices for resale product compared to 2017.
Dec. 06, 2017 | CREBNow
Home improvement
The November housing market was spurred by a rise in sales, particularly in the lower price ranges.
Sales totaled 1,411 units in November, an increase of 15 per cent over last year. This is comparable to longer-term averages for the month of November. Improved sales activity occurred in each of the housing segments, with most of the gains occurring in homes priced under $500,000.
