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Stories Tagged - Calgary
News
April 15, 2014 | CREBNow
RE/MAX: 'Calgary expected to remain in a seller's market'
In their Spring Market Trends Report, RE/MAX found Calgary's harsh winter didn't keep people from entering the home market.
"Calgary experienced a red-hot seller's market in the first two months of the year with listings 30 per cent lower than where they would be in a balanced market," said the report.
"Calgary experienced a red-hot seller's market in the first two months of the year with listings 30 per cent lower than where they would be in a balanced market," said the report.
News
June 14, 2013 | CREBNow
Starts Climbing
As temperatures in Calgary increased in May, so did the city's housing starts.
"The trend of total housing starts increased slightly in May, due to strong construction in both the single-detached and multi-family markets," said Richard Cho, senior market analyst for Calgary with the Canada Mortgage and Housing Corporation (CMHC).
For the month of May, housing starts in the city were 11,316 units compared to 11,270 in April. The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.
Jumping into the new home pool is first-time buyer Duncan Hall, 25, set to take possession of his newly constructed condo in July.
"I have rented before but found that owning is smarter in the long run," he said. "I didn't like paying someone else's mortgage when I was renting and wanted to own something that would help me in the long run."
"The trend of total housing starts increased slightly in May, due to strong construction in both the single-detached and multi-family markets," said Richard Cho, senior market analyst for Calgary with the Canada Mortgage and Housing Corporation (CMHC).
For the month of May, housing starts in the city were 11,316 units compared to 11,270 in April. The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR) of total housing starts.
Jumping into the new home pool is first-time buyer Duncan Hall, 25, set to take possession of his newly constructed condo in July.
"I have rented before but found that owning is smarter in the long run," he said. "I didn't like paying someone else's mortgage when I was renting and wanted to own something that would help me in the long run."
