REALTORS® serving Calgary and area

 

CREB Now Logo

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

 

Stories Tagged - Prices

Condos, downtown, income, investment, apartment
News

Jan. 12, 2016 | Gerald Vander Pyl

Apartment uncertainty

Beleaguered sector takes brunt of economic downturn

Apartment-style condominiums were the hardest hit within Calgary's resale residential housing market in 2015, with price drops and inventory gains that outpaced both attached and detached products

On an annual basis, the apartment benchmark price slide by 0.4 per cent to $292,818 by the end of November, according to CREB®. In comparison, year-to-date benchmark prices in the detached and attached sectors during the same period actually increased by 1.7 and 2.1 per cent, respectively.

Yet more telling is how apartment prices reacted during the year, as it dropped by four per cent from $298,700 in January to $287,000 in November. During this period, benchmark prices in the detached and attached sectors declined by a more modest 1.5 and one per cent, respectively.

CALGARY, AB.; Nov 19, 2015 – University of Calgary Economics Graduate Laura who wrote a thesis on how LRT’s are impacting housing prices. Photos taken at the 69th street station on the South West Line.  (Michelle Hofer/Michelle Hofer Photography) For CREB – Jamie Zachary.
News

Nov. 26, 2015 | Joel Schlesinger

The LRT bump

As city plans next phase, new study reveals light-rail transit has positive effect on property prices

Light-rail transit could boost the value of your home. At least that's the general finding of a new study from the University of Calgary.

According to new research obtained exclusively by CREB®Now and completed by Economics master's degree student Laura Dick, LRT line development has had a modestly positive effect on the price of housing located close to stations along new lines in Calgary.

"Properties within zero to 500 metres of a station saw, on average, an increase in sales price of about 1.5 per cent compared to properties that are 2,000 metres or more away from a station," said Dick, whose recently completed work is still to be published in an academic journal.

News

April 02, 2015 | CREBNow

Inventory gains influence housing prices

First quarter activity reflects economic uncertainty

Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions are consistent with buyers' market conditions.

Typical home prices have declined by 0.59 per cent in the first quarter of 2015, compared to the fourth quarter of 2014. The sales to new listings ratio also dropped to 41 per cent and months of supply averaged 4.03 for the quarter. This is a significant change from one year ago when the market was facing inventory shortages and price gains.
News

Aug. 02, 2012 | CREBNow

Bucking the Trend

There were 1,936 residential units sold in Calgary in July representing a 21.3 per cent increase over 2011, a testament to the fact the city continues to buck national housing sale trends.

"Recent mortgage rule changes prompted much discussion of a national housing correction," said Ann-Marie Lurie, CREB® economist.
News

July 26, 2012 | Cody Stuart

Calgary Holding Strong

A new report on Calgary's luxury offerings is providing additional support for the argument the city's housing market is growing at a more steady and sustainable rate than other markets across the country.

Although multiple sources have singled out the housing markets in Toronto and Vancouver as proof of a greater Canada-wide trend, Calgary has yet to see the sort of rapid price fluctuations and sales declines evident in those cities.
Morning News Rundown
News

July 23, 2012 | CREBNow

Morning News Rundown

Morning News Rundown
News

July 16, 2012 | CREBNow

Morning News Rundown

Morning News Rundown
News

July 13, 2012 | CREBNow

Morning News Rundown

News

July 12, 2012 | CREBNow

Where All The Lights Are Bright

Report tags Uptown 17th Avenue with highest retail rents in Calgary

Colliers International has dubbed Calgary's Uptown 17th Avenue the city's most expensive street to rent on.

The commercial real estate company took a look at top retail corridors around the world including New York's Fifth Avenue, Hong Kong's Queen's Road Central, London's Old Bond Street and the Champs-Elysées in Paris in a Global Retail Streets survey.
Morning News Rundown
News

July 12, 2012 | CREBNow

Morning News Rundown

Prev| 12 3 4 |Next


Connect With Us

Contact CREB®

300 Manning Road N.E.
Calgary, Alberta
T2E 8K4, Canada

 

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.


© CREB®  |  All rights reserved