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Stories Tagged - Prices

CREB® Housing Market Stats

March 01, 2021 | CREBNow

February 2021: sellers' market leads to rising prices

With gains in every price range, residential sales activity in February totalled 1,836 units. This reflects the best February since 2014.

Dec. 01, 2020 | CREBNow

November 2020: sales activity remains strong in November

For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.

Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over three per cent lower than last year's levels.

CREB® Housing Market Stats

Nov. 03, 2020 | CREBNow

October 2020: detached homes drive Calgary sales growth

With strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23 per cent increase over last year and well above longer-term averages.

The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions and improving prices.

Oct. 22, 2020 | CREBNow

CREB® releases third-quarter housing market report

Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels.

Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lending rates and previous price declines. Gains were driven by all property types except apartment condominiums.

Oct. 01, 2020 | CREBNow

September 2020: home sales rise along with supply

September sales activity jumped to 1,702 units, the strongest September total since 2014.

New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market is still down 12 per cent compared to last year.

Ray Pfob (left) and Herb Styles are both celebrating 50 years as CREB® REALTORS® in 2020.
Terence Leung / CREB®Now

Sept. 18, 2020 | Tyler Difley

A beautiful ride: two local REALTORS® reflect on 50 years in real estate

Calgary-area REALTORS® Herb Styles and Ray Pfob are celebrating 50 years in the business this year – an impressive milestone by any measure.

Both entered the industry somewhat by happenstance, but five decades later, neither man would trade his time in real estate – including all the stories and bits of wisdom collected along the way – for anything.

Sept. 14, 2020 | CREBNow

August 2020: home sales consistent, but COVID-19 impacts continue

Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors.

July 27, 2020 | CREBNow

CREB® releases second-quarter housing market report

The second quarter of 2020 marked the first full quarter since COVID-19 began to weigh on the economy.

Calgary housing sales slowed by 35 per cent compared to the previous year. This is better than original expectations, thanks to June figures that were far stronger than initial estimates. The pullback in new listings in the second quarter caused inventories to trend down, preventing a more significant decline in prices.

Cody Stuart / CREB®Now

April 17, 2020 | Mario Toneguzzi

Silver linings: increased emphasis on affordability could eventually buoy Calgary condo market

One of the key factors impacting the Calgary resale housing market in the last year or so has been affordability.

With economic uncertainty top of mind due to the collapse in oil prices and the COVID-19 crisis, prospective homebuyers are increasingly looking for more affordable options when making a purchase.

That will likely lead to more demand in the condominium apartment market in the future.

Getty Images

April 07, 2020 | Tyler Difley

COVID-19 and the Calgary housing market: forecasting potential short- and long-term impacts

As governments and individuals around the world work to combat the spread of the COVID-19 virus, it has become clear the epidemic will have far-reaching impacts for Calgary's residents, businesses and economy.

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