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Stories Tagged - Housing Market

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May 25, 2021 | Josh Skapin

Market momentum: pandemic-related factors are increasing demand for $1-million-plus properties

The substantial growth seen in Calgary's detached resale market this year has been driven by the mid-range segment, but big-ticket listings are also bouncing back.

Between Jan. 1 and the end of April, 350 detached homes priced at $1 million or higher have changed hands in Calgary, according to CREB®. This represents a 289 per cent upswing from the 90 transactions that occurred over the same period a year ago.

CREB® Housing Market Stats
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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.

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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.

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April 23, 2021 | Gerald Vander Pyl

New homes and renovation services now come at a premium, as lumber shortage drives up construction costs

Anyone who has walked into a hardware store lately is aware of the current price of lumber, a situation that is creating issues for the homebuilding and renovation industries in Calgary and across the country.

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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.

Jayman Built’s new net-zero showhome, the Madeline Ultra E-Home, in Seton.
Courtesy of Jayman Built
News

April 20, 2021 | Gerald Vander Pyl

Jayman's new net-zero homes make energy-efficient design more familiar and accessible for Calgary homebuyers

The future of energy-efficient housing in Calgary has been given a boost, with a major homebuilder now offering a net-zero option on all its models.

Jayman Built recently unveiled its Quantum Performance Ultra E-Home upgrade, which results in a home designed and constructed to produce as much energy as it consumes on an annual basis.

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April 15, 2021 | Mario Toneguzzi

Out of office: Royal LePage predicts price increases for Alberta vacation properties in 2021, as COVID-19 continues to drive up demand

More than a year after it began, the COVID-19 pandemic continues to spark increased interest in Alberta's recreational property market, as homebuyers seek an escape from congested cities.

Long-term remote work, which has been a reality for many Albertans for the last 12-plus months, has also made people realize that if they can work from anywhere, why not work from a cottage, cabin or waterfront property?
CREB® Housing Market Stats
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April 01, 2021 | CREBNow

March 2021: Calgary housing market sees best March sales in over a decade

The initial impact of COVID-19 on the housing market began last March.

One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007.

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March 16, 2021 | Josh Skapin

Detached-home sellers are in the driver's seat, as low mortgage rates fuel demand across Calgary

Enticing discount mortgage rates have helped put Calgary's detached home market in rare form.

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March 11, 2021 | Barb Livingstone

Canmore's red-hot housing market is seeing "unprecedented" levels of activity, with no signs of slowing down

Right now, there's no way to describe Canmore's housing market other than "hot."

"I'm always hesitant to use that word because you can't paint everything with the same brush, but the statistics don't lie," said Rob Stevens of RE/MAX Alpine Realty.

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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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