Stories Tagged - CREB®
Jan. 13, 2015 | CREBNow
The New Year is set to bring some balance to Calgary's housing market, meaning more choice for buyers.
"With more supply in the market expected this year, buyers will likely have more alternatives in all price ranges," said 2015 CREB® president Corinne Lyall. "It's a nice scenario for buyers, but it also means sellers will likely have to adjust their price expectations and be realistic about the amount of time their home will be on the market.
"A REALTOR® can help navigate market conditions and real estate options, which are always unique to each customer," she added. "While challenges in the market can raise concerns for purchasers and sellers, it really comes down to their personal situation and knowing what's right for them. Real estate truly is local."
Jan. 05, 2015 | CREBNow
It was a record setting year for Calgary's condominium apartment and townhouse sectors, as sales reached new annual highs despite year-over-year residential sales declines of 7.5 per cent in December.
Single family sales totaled 708 units in December, a year-over-year decline of 8.3 per cent. Meanwhile, total condominium sales also declined by six per cent over the same time frame, but overall activity remained consistent with long-term averages.
Dec. 10, 2014 | CREBNow
"While employment and migration are expected to support housing demand, estimates could change depending on the extent and duration of oil price declines," said Ann-Marie Lurie, CREB®'s chief economist. "However, concerns over the potential impact will influence consumer confidence. This is expected to cause supply and demand to ease in 2015, maintaining resale market balance and keeping prices relatively stable."
Dec. 01, 2014 | CREBNow
Calgary's residential resale housing market posted relatively strong November activity reaching 1,782 units, a three per cent increase over the previous year, and nearly 13 per cent above long term averages.
"Relative to other major centres, economic growth in Calgary remains one of the strongest in the country," said CREB® chief economist Ann-Marie Lurie. "Employment opportunities and relatively higher wages have encouraged people to move here, supporting the demand growth in our housing sector."
Meanwhile, new listings growth continues to outpace the gains in sales, supporting a 22 per cent year-over-year rise in November inventories to 3,849 units. While inventories have recorded significant gains, they remain below long-term averages for the month.
Nov. 03, 2014 | CREBNow
Calgary's hot condominium market helped fuel a 10 per cent increase in Calgary's residential resale housing market in October.
Overall sales for the month totaled 2,147 units, compared with 1,948 during the same period last year, according to the latest statistics from CREB®.
"Two consecutive years of relatively strong employment and population growth, combined with rising wages and low lending rates, have supported demand growth in our housing sector," said CREB® chief economist Ann-Marie Lurie.
Oct. 15, 2014 | CREBNow
Funds raised will go towards local organizations such as Inn From the Cold, Brown Bagging for Calgary's Kids and the PREP Program, dedicated to the inclusion of individuals with Down syndrome in home, school and community life.
Oct. 01, 2014 | CREBNow
"September's sales growth was stronger than expected, due largely to a surge in condominium apartment and townhouse sales," said CREB® chief economist Ann-Marie Lurie, who credits Calgary's strong economy and fewer options in the lower-priced single-family market behind the continued demand.
Sept. 02, 2014 | CREBNow
A total of 2,267 units exchanged hands in the city during the month, compared to 2,192 during the same period in 2013. The condominium apartment and townhouse sectors saw the biggest gains, increasing by nearly 14 and 20 per cent, respectively, for total monthly sales of 790 units.
Aug. 01, 2014 | CREBNow
Residential sales in Calgary this month totaled 2,336 units, a record level for July activity, according to CREB®'s latest stats.
However, year-over-year sales growth in the city slowed to 3.18 per cent.
May 21, 2014 | CREBNow
Here's some quotes from a collection of the day's featured speakers: