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Stories Tagged - Economy

ATB Financial vice-president and chief economist Todd Hirsch.
News

Nov. 04, 2021 | Tyler Difley

Alberta economy must embrace change, diversification to recover from pandemic, says ATB Financial chief economist

ATB Financial vice-president and chief economist Todd Hirsch says Alberta’s economy can’t rely on its traditional strengths as it tries to rebuild in the wake of the COVID-19 pandemic.

Housing Market Stats
News

Oct. 01, 2021 | CREBNow

September 2021: Sales remain strong

Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month.

CREB® Housing Market Stats
News

Sept. 01, 2021 | CREBNow

August 2021: market continues shift toward more balanced conditions after torrid start to the year

Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years.

The Bridgeland-Riverside Community Association’s rooftop community garden showcases nature-based solutions in action.
Courtesy of the Land Stewardship Centre
News

Aug. 23, 2021 | Natalie Noble

New Green Communities Guide highlights benefits of nature-based solutions for municipalities, developers and homeowners

At a time when community stakeholders care more about the environment than ever before, a newly updated Green Communities Guide from Canada's Land Stewardship Centre highlights the environmental, economic and health benefits in nature-based solutions (NBS).
CREB® Housing Market Stats
News

July 05, 2021 | CREBNow

June 2021: Supply trends up but market still favours the seller

Calgary's housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.

CREB® Housing Market Stats
News

June 14, 2021 | CREBNow

May 2021: inventory rises, but sellers' market conditions persist

With 2,989 sales, housing market activity hit a new May record.

Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.

Getty Images
News

June 11, 2021 | Barb Livingstone

Calgary rental market struggles with high vacancy, but improvement is on the horizon

The COVID-19 vaccine rollout, a rosier economy and the opening of post-secondary institutions to in-person classes could all improve Calgary's residential rental vacancy rate by as early as this fall.

That's the prediction of industry watchers for a rental market that currently sits at a vacancy high of 6.6 per cent, although steady average monthly rents continue to be made even more attractive for renters by incentive offerings.

CREB® Housing Market Stats
News

May 03, 2021 | CREBNow

April 2021: Demand for homes remains high with record sales this month

There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020.

Getty Images
News

April 28, 2021 | Natalie Noble

Year one of COVID-19 pandemic brought sweeping changes to Calgary real estate and the way business is done

Whatever "new normal" is coming, the COVID-19 pandemic has reshaped many aspects of the real estate industry in Calgary and across Canada. From changes to the way homes are built, bought and sold, to shifts in buyer priorities and the economic forces at play, it's been a wild ride for REALTORS®, builders, homebuyers and everyone in between.

News

April 21, 2021 | CREBNow

Q1 2021 Quarterly Update: City of Calgary Housing Summary

Prior to COVID-19, the economic challenges in our city created an environment of weak resale housing demand. When adjusting sales relative to the population from 2018-19, it was the slowest sales per capita on record. Over this same period, the housing market was struggling with excess supply and declining prices.

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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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