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Stories Tagged - CREB®
News
May 01, 2015 | CREBNow
New listings decline as home prices ease
Improved sales to new listings ratio reduces inventory gains
After the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, an 18 per cent decrease over the previous year.
"With fewer buyers making purchase decisions and improved selection for resale, new home and rental property, sellers have been either adjusting their expectations on price or delaying their plans about when to list their home," said CREB® president Corinne Lyall.
After the fifth consecutive monthly benchmark price decline in Calgary, the number of new home listings eased to 3,064 units in April, an 18 per cent decrease over the previous year.
"With fewer buyers making purchase decisions and improved selection for resale, new home and rental property, sellers have been either adjusting their expectations on price or delaying their plans about when to list their home," said CREB® president Corinne Lyall.
News
April 02, 2015 | CREBNow
Inventory gains influence housing prices
First quarter activity reflects economic uncertainty
Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions are consistent with buyers' market conditions.
Typical home prices have declined by 0.59 per cent in the first quarter of 2015, compared to the fourth quarter of 2014. The sales to new listings ratio also dropped to 41 per cent and months of supply averaged 4.03 for the quarter. This is a significant change from one year ago when the market was facing inventory shortages and price gains.
Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions are consistent with buyers' market conditions.
Typical home prices have declined by 0.59 per cent in the first quarter of 2015, compared to the fourth quarter of 2014. The sales to new listings ratio also dropped to 41 per cent and months of supply averaged 4.03 for the quarter. This is a significant change from one year ago when the market was facing inventory shortages and price gains.
News
April 01, 2015 | CREBNow
No fallout over fees
Real estate industry not concerned about long-term effects following provincial budget surprise
Buying a home in Alberta is about to get more expensive.
Beginning July 1, Albertans will be required to spend as much as $1,000 extra to purchase a home in the province as a result of increased real-estate-related fees in the new provincial budget.
Counted among the changes are increases to the transfer/title creation flat fee, which will go from $50 to $75 and the variable fee transfer fee will jump from $1 to $6 for every $5,000 in the home's value.
Buying a home in Alberta is about to get more expensive.
Beginning July 1, Albertans will be required to spend as much as $1,000 extra to purchase a home in the province as a result of increased real-estate-related fees in the new provincial budget.
Counted among the changes are increases to the transfer/title creation flat fee, which will go from $50 to $75 and the variable fee transfer fee will jump from $1 to $6 for every $5,000 in the home's value.
News
March 03, 2015 | CREBNow
"In it together" with CREB president Corinne Lyall
CREB president Corinne Lyall has joined a litany of other Calgary names in the new campaign In It Together.
"With all the negative talk in the media and the community about the price of oil and the economy, we believe that it's time to turn the tables on the situation and focus on solutions," reads the website.
In It Together is the "brainchild" of Jeff Bradshaw, owner of video agency V Strategies, with the co-operation of his staff as well as Calgary Economic Development.
Joining Lyall in making comments on the site are names such as Mayor Naheed Nenshi, Phil Robertson of Phil & Sebastian Coffee Roasters and Steve Allan, chairman of Calgary Economic Development.
See Lyall's video below:
"With all the negative talk in the media and the community about the price of oil and the economy, we believe that it's time to turn the tables on the situation and focus on solutions," reads the website.
In It Together is the "brainchild" of Jeff Bradshaw, owner of video agency V Strategies, with the co-operation of his staff as well as Calgary Economic Development.
Joining Lyall in making comments on the site are names such as Mayor Naheed Nenshi, Phil Robertson of Phil & Sebastian Coffee Roasters and Steve Allan, chairman of Calgary Economic Development.
See Lyall's video below:
News
Feb. 04, 2015 | Cody Stuart
Shifting confidence
Energy prices influencing choices in Calgary housing market
Jordan Meloches and his fiancée Ashley Hopkins didn't hesitate when they recently purchased a condominium in the northeast community of SkyView Ranch.
In fact, while many Calgarians were dissuaded from entering the resale housing market in January by lingering low oil prices, the couple said the current economic climate was the farthest thing from their minds.
"The market to us now really wasn't a concern. We bought in SkyView, which is still developing, so I think our value will only increase as the land out there develops," said Meloches, who cited the condo's proximity to their work and future potential as a rental property as factors when settling on a decision.
Jordan Meloches and his fiancée Ashley Hopkins didn't hesitate when they recently purchased a condominium in the northeast community of SkyView Ranch.
In fact, while many Calgarians were dissuaded from entering the resale housing market in January by lingering low oil prices, the couple said the current economic climate was the farthest thing from their minds.
"The market to us now really wasn't a concern. We bought in SkyView, which is still developing, so I think our value will only increase as the land out there develops," said Meloches, who cited the condo's proximity to their work and future potential as a rental property as factors when settling on a decision.
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.
News
Jan. 21, 2015 | CREBNow
New year brings changes to CREB stats
Will add 'consistency' to housing stock numbers
Seeking to provide consumers and industry experts with a better picture of Calgary's housing market, CREB has altered some of the categories in its monthly housing report.
Prior to the changes, which will appear on the January housing update, the city's housing stock was separated into three categories: single-family, condominium apartment and condominium townhouse.
Seeking to provide consumers and industry experts with a better picture of Calgary's housing market, CREB has altered some of the categories in its monthly housing report.
Prior to the changes, which will appear on the January housing update, the city's housing stock was separated into three categories: single-family, condominium apartment and condominium townhouse.
News
Jan. 16, 2015 | CREBNow
Video: Sitting down with Kevin O'Leary
Jan. 14 marked CREB's annual economic outlook and regional housing forecast, Building Your Future.
The keynote for the forecast was investor, authour and TV personality Kevin O'Leary. O'Leary took some time before he hit the stage to sit down for a one-on-one covering everything from success to customer service to who he thinks is the greatest guitarist in the world.
The keynote for the forecast was investor, authour and TV personality Kevin O'Leary. O'Leary took some time before he hit the stage to sit down for a one-on-one covering everything from success to customer service to who he thinks is the greatest guitarist in the world.
News
Jan. 15, 2015 | CREBNow
PTQ: Corinne Lyall
CREB®'s president for 2015 is owner/broker of Royal LePage Benchmark, Corinne Lyall. Lyall took some time out of her busy schedule to chat with CREB®Now about the changing face of real estate, the first home she ever sold and how she likes to spend a day off in the city.
CN: Tell us a little bit about your background, what brought you to CREB?
Lyall: I grew up in real estate with my parents. My father, Clare, was in commercial real estate for almost 30 years, and my mom Jan started her career in the '70s, ultimately became a broker/owner and just dropped her license this past year.
News
Jan. 14, 2015 | CREBNow
In Quotes: CREB 2015 Economic Outlook
Today was CREB's economic outlook for 2015 taking a look at all things housing and economy for the year to come. Here's some quotes from keynote speaker Kevin O'Leary, CREB chief economist Ann-Marie Lurie and more.
Read more about the outlook on CREBnow on Friday.
Read more about the outlook on CREBnow on Friday.