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Stories Tagged - CREB President Bill Kirk

Bill Kirk said despite signs of change on the horizon, Calgary’s real estate industry enjoyed a robust year in 2014, with sales increasing by double digits. Photo by Michelle Hofer/For CREB®Now

Aug. 08, 2016 | Cailynn Klingbeil

55 Years of Real Estate: 2014 CREB® president Bill Kirk

Signs of economic hardship started to reveal themselves by the end of 2014, recalled then-CREB® president Bill Kirk 

While the true severity of the economic slump currently dominating headlines had yet to been felt in 2014, Bill Kirk said the writing was already on the wall by the end of his tenure as CREB® president.

Oil production in the Middle East had just started to ramp up, prices for a barrel had started to fall and jobs in Calgary were suddenly in question, he recalled.

"By the end of 2014, there was talk of an oil glut," said Kirk. "We knew there would be fallout ... (but) no one knew what would happen.

"We were all surprised at how slowly through 2015 the bad news hit."


April 03, 2014 | CREBNow

Industry Update - March 2014 [Video]


April 02, 2014 | CREBNow

Single Family Shortage

With an increase in Calgary's single-family market sales, a decline in new listings has brought inventory numbers to their lowest level for the month of March since 2006.

Single-family sales at the end of the first quarter of this year totalled 3,901 units, a 9.5 per cent increase over the same period last year while new listings declined by nearly five per cent. As sales growth outpaced the amount of new listings growth in the market, inventory levels dropped to just over 2,000 units.

April 01, 2014 | CREBNow

Conditions Continue to Favour The Seller

Calgary, April 1, 2014 – Residential sales activity improved across all sectors in March. However, declining new listings in the single family sector combined with further gains in sales activity decreased single family inventory to the lowest March level since 2006.

"There are several factors contributing to the growth in housing demand, including the inflow of people to our province over the past two years, strong gains in employment and tight rental conditions," says CREB® chief economist Ann-Marie Lurie.

March 07, 2014 | CREBNow

CREB® Industry Update - February 2014


Feb. 20, 2014 | CREBNow

No Vacancy

Month after month the reports come in and month after month Calgary is still holding at a bleak one per cent rental vacancy.

In a report released by CIBC World Markets Inc., Calgary was shown to have the lowest rental vacancy rate out of the major city markets in Canada.

Feb. 06, 2014 | Cody Stuart

In High Demand

The number of homes up for sale may have declined, however Calgary's housing market showed no sign of letting up in January.

Undeterred by a four per cent drop in new listings, MLS® sales in the city increased by 17 per cent year-over-year in January. The increase marks the tenth consecutive month of year-over-year increases in Calgary dating back to March of 2013.

Feb. 03, 2014 | CREBNow

Positive Start to The New Year

On the heels of a strong year of sales growth, January sales in the city of Calgary totaled 1,440 units, a 17 per cent increase over the previous year.

"Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in thecondominium sector," said CREB® chief economist Ann- Marie Lurie. "While these are the highest January sales levels since 2008, total sales transactions are in line with long-term trends."

Jan. 16, 2014 | Cody Stuart

A 'Well-Positioned' Market

Resale homes sales in Calgary are expected to moderate this year, with volume increasing by 3.6per cent and prices up by 4.3 per cent.

CREB®'s forecast anticipates a rise in resale listings and less upwards pressure on prices. The forecast, presented at the BMO Centre at Stampede Park, predicts sales in the city to moderate, climbing to 24,335 units in total.

Jan. 08, 2014 | Cody Stuart

Supporting Growth

For the city's real estate market, 2013 is going to be a tough act to follow.

In a year that saw nearly tape-totape sales growth over its predecessor, 2013 ended on yet another high note as December sales increased eight per cent year-over-year sales over the previous year. Year-over-year sales growth rose every month in 2013 save February and March, with MLS® sales for the year up by 11 per cent over 2012.

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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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