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Housing Market Stats

September 2021: Sales remain strong

Oct. 01, 2021 | CREBNow


Stories Tagged - Apartment

Often-overlooked statistics such as months of supply and sales-to-new-listings can be key indicators of what's really going on in the housing market, says CREB® chief economist Ann-Marie Lurie. CREB®Now file photo.

Nov. 07, 2015 | Jamie Zachary

'Favour the buyer'

CREB® report singles out changing conditions in apartment sector

Buyer's conditions in the apartment sector are contributing to a continued shift in Calgary's resale residential housing market, which experienced a second consecutive month of price declines in October, according to CREB®.

The local housing agency noted that while overall, new listings in the city did not decline enough to prevent inventory gains and, ultimately, price contractions, the biggest shift continued to occur in the apartment sector.

CREB® chief economist Ann-Marie Lurie noted months of supply in that sector have gone from a low of three months in June to nearly six months in October.

Nov. 02, 2015 | CREBNow

Prices decline for the second consecutive month

Sales activity remains well below long-term averages  

Elevated inventory levels in October contributed to a second consecutive month of price declines in Calgary's resale residential housing market.

Benchmark prices declined 0.7 per cent from the previous month, and 1.2 per cent from the same time last year, to $453,100.

"Persistent weakness in the overall economy continued to impact housing demand in Calgary as October sales were nearly 16 per cent below long-term averages," said CREB® chief economist Ann-Marie Lurie. "In addition, new listings did not decline enough to prevent inventory gains and, ultimately, price contractions."

June 17, 2015 | CREBNow

Apartments offer optimism

Calgarians drawn to more affordable alternative

After living in southwest communities of Midnapore and Evergreen for 27 years, transitioning to an apartment in Mission was an easy decision for Michelle Norman.

"Condo living was a very easy adjustment," she said. "I like the idea of being surrounded by a good mix of young and older residents as well as not having to worry about such things as yard work and snow removal."

June 17, 2015 | CREBNow

Rise of the rentals

Market sees rise in vacancies, rents

Calgarians looking to find rental housing have been treated to more selection in recent months.

According to a report from Canada Mortgage and Housing Corporation (CMHC), Calgary's vacancy rate in April stood at 3.2 per cent. The number is more than double the rate seen last April, when CMHC reported Calgary vacancies at just 1.2 per cent.
Across Alberta's urban centres, the rental apartment vacancy rate was 3.4 per cent in April 2015 compared to 1.8 per cent in April 2014, according to the report.

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