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Stories Tagged - Apartment

News

June 01, 2020 | CREBNow

May 2020: COVID-19's impact on Calgary housing market continues

Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary.

May sales totalled 1,080 units, a 44 per cent decline from last year's figures.

News

May 01, 2020 | CREBNow

April 2020: Calgary real estate market feeling impact of COVID-19

After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19.

News

March 06, 2020 | CREBNow

February 2020: Home sales see a bump

This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late '90s.

With the extra day this February, monthly sales totaled 1,197 units.  A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer-term trends and consistent with the lower levels reported over the past five years.

News

Feb. 07, 2020 | CREBNow

January 2020: New year opens with a slight gain in sales

Housing market conditions continue to follow similar trends to last year, with gains in sales.

At the same time, there have been further reductions in new listings and inventory, and more declines in prices.

News

Nov. 06, 2019 | CREBNow

October 2019: Homes under $500,000 moving to more balanced conditions

Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product.

News

July 31, 2019 | CREBNow

Calgary Mid-Year Housing Market Outlook

Highlighting key Calgary-and-area housing market and economic data from the first half of 2019, while looking ahead to what the rest of the year might hold.

Getty Images
News

Jan. 30, 2018 | Geoff Geddes

Adjusting expectations

Adversity in condo market to continue in 2018

If you're a condo owner in Calgary, you may be telling yourself that "what goes down must come up," but it's a fine line between thoughtful analysis and wishful thinking.

"The condo-apartment sector is still facing a lot of challenges," said CREB® chief economist Ann-Marie Lurie.

"While sales improved in 2017, it wasn't enough to keep pace with new listings, so we still had price declines."

News

Jan. 10, 2017 | CREBNow

5 things about CREB® 2017 forecast

What you should know about the year ahead for Calgary's housing market

CREB® has released its annual economic outlook and regional housing forecast. But what does it all mean? CREB®Now takes readers through the numbers.

18,335
After posting successive sales declines in 2014 (25,552), 2015 (18,839) and 2016 (17,809), CREB® is forecasting MLS® activity in Calgary to rebound slightly in 2017. Citywide sales are expected to total 18,335 units, a three per cent gain over 2016, but 12 per cent below long-term averages. By category, detached sales are predicted to hit 11,550 in 2016, while attached and apartment sales will reach 4,002 and 2,783, respectively.

Jyoti Gondek, director of Westman Centre for Real Estate Studies at Haskayne School of Business at the University of Calgary said the city's housing market will face a number of risk factor in 2017, including aging baby boomers. Photo courtesy University of Calgary
News

Jan. 09, 2017 | Joel Schlesinger

Bottoms up

After a tough year for the 'other half' of Calgary's real estate market, the city's apartment/attached segments are expected to see gradual turnaround in 2017

Lower prices and added choices created buyers' conditions in Calgary's attached and apartment sectors in 2016. But a slow recovery is expected in 2017, bringing both sectors into better balance, says CREB®'s 2017 Economic Outlook & Regional Housing Market Forecast.

The degree to which they'll the "other half" will get there will differ, however. While the attached sector is set to post positive overall numbers, apartment sales and prices will be moderated by persistently high inventory levels.

CREB® chief economist Ann-Marie Lurie expects the market to turn around in 2017, but doesn’t expect conditions to return to long-term trends. Photo by Adrian Shellard/For CREB®Now
News

Jan. 09, 2017 | Jamie Zachary

Transition talk

Calgary housing market to see increased stability, signs of change in 2017: CREB®

The worst might be over for Calgary's housing market, according to CREB®, which is forecasting transitional conditions throughout this year on the back of renewed optimism in the oil patch.

The forecast, captured in the real estate organization's 2017 Economic Outlook and Regional Housing Market Forecast report, comes after more than two years of recessionary conditions that have been manifested by sales and price declines in virtually every corner of the local market.

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Calgary, Alberta
T2E 8K4, Canada

 

CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


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