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Calgary's trusted source of real estate news, advice and statistics since 1983.

 

Stories Tagged - Home Prices

Cook Custom Homes presdient Brian Cook, pictured in his company's show home at the Point in Patterson Heights, said those who are working in economy-friendly industries are still building homes. Photo by Wil Andruschak/for CREB®Now.
News

April 01, 2016 | Andrea Cox

Above the curve

Small-volume builders say they've been largely unaffected by the economy

Alberta's economic downturn is not impacting all areas of the housing industry in the same way, according to small-volume builders who say their niche is, in fact, busier than ever.

"We are pretty much unaffected by the economy," said Brian Cook of Cook Custom Homes, a Calgary-based micro-builder that designs and builds five homes per year. "There is still money in Calgary and those who work in economy-friendly industries are building homes."

Cook noted one of the only differences he's seeing is in buying strategy, especially with spec homes. When the market was hot, buyers would tour a home once and put in an offer.

Chestermere Mayor Patricia Matthews credited the Bee City designation to the efforts of community members who brought forward a great idea to make the city a better place. CREB®Now file photo
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March 14, 2016 | Alex Frazer Harrison

Force to be reckoned with

Chestermere's growth reflects growing interest in satellite communities, say officials

The first permanent homes in Chestermere were built he same year the first Star Wars film came out: 1977

Seven movies later, the city's population is approaching 19,500 – with proposed development expected to double that number in the years to come.

"Fantastic cities attract fantastic people," said Mayor Patricia Matthews. "We have this huge body of water that's a great attractor for a lot of people. You get that feel of being out in the country – that retreat moment when you come home."

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.
News

Dec. 23, 2015 | CREBNow

A look back at 2015 with CREB®'s chief economist

The year according to CREB®'s Ann-Marie Lurie

With the calendar set to turn on what's been a turbulent year in the city's real estate industry, many will wondering what to expect in 2016 and beyond. To help provide a little clarity on just how we got here, as well as a hint as to where we're headed, CREB®Now enlisted CREB® chief economist Ann-Marie Lurie to provide some end-of-year insight.

CREB®Now: ?How would you sum up 2015 in Calgary real estate?

Lurie: It has been a year of weaker demand – definitely challenging economic times resulting in weaker demand. As a result there has been some more inventory than we are used to in the market and there has been some downward regression on pricing. It's completely consistent with what the economic situation has been.

CMHC's Richard Cho says everything from employment levels to household income and migration to spending levels signal to tough times ahead for the local housing market. CREB®Now file photo.
News

Nov. 26, 2015 | Cody Stuart

Five things about CMHC's housing outlook

Yearly update on the local and national housing markets

Canada Mortgage and Housing Corp. (CMHC) has issued its outlook on the local and national housing markets. Detailing several factors impacting Canada's housing market -- both new and resale - CMHC's numbers provide a basis for what to expect heading into the remainder of 2015 into 2016 and beyond.

To help provide a little more understanding, CREB®Now digs a little deeper into CMHC's Outlook.

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March 18, 2015 | CREBNow

Morning news rundown

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March 09, 2015 | CREBNow

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March 13, 2014 | CREBNow

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March 12, 2014 | CREBNow

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Feb. 05, 2014 | CREBNow

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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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