REALTORS® serving Calgary and area

 

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

 

Multiple reports have the number of seniors in the country doubling 2011 levels by 2036. CREB®Now illustration

A return to balanced

July 18, 2016 | Jamie Zachary


Stories Tagged - balanced

June 30, 2016 | Jamie Zachary

Calgary MLS® prices expected to rise in 'balanced' market

Sellers' conditions in B.C., buyers' in Saskatchewan

A new report from the Conference Board of Canada says balanced conditions in Calgary's resale housing market are expected to create price gains in the coming months.

In its June Metro Resale Snapshot, the organization anticipates the city's MLS® price will increase between zero and 2.9 per cent over the short term. In May, the house price in Calgary was $465,840, up 1.1 per cent from April and 2.3 per cent from a year ago.

Study author Robin Wiebe classified Calgary's housing market as balanced, noting sales volumes in May increased by 1.6 per cent on a month-over-month basis, while listings declined by 1.9 per cent.

June 01, 2015 | CREBNow

Market moves towards balanced conditions

Calgary housing prices change direction in May

For the first time since December 2014, Calgary's residential unadjusted benchmark prices improved over the previous month. Within the city of Calgary, housing prices totaled $454,100 in May, a monthly and year-over-year increase of 0.55 and 0.96 per cent.

"For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales activity," said CREB® chief economist Ann-Marie Lurie. "This has helped prevent further declines in the unadjusted benchmark price."

May 14, 2014 | CREBNow

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