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Stories Tagged - benchmark price

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.

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.

Oct. 02, 2019 | CREBNow

September 2019: Shifting to stability

For the third consecutive month, sales activity improved over last year's figures, and year-over-year new listings and inventories eased. This trend will help support more stability in the housing market.

CREB®Now Archive

Sept. 11, 2019 | Tyler Difley

Sixteen affordable Calgary communities for river living

While waterfront real estate will always come at a premium, it's possible to enjoy life near the river in several Calgary communities at a much more reasonable price. Here's a selection of Calgary riverside communities with a year-to-date (YTD) benchmark price lower than the YTD citywide benchmark price of $423,300.

Getty Images

June 26, 2019 | Tyler Difley

POP QUIZ: Put your real estate knowledge to the test!

Think you're a real estate expert? Familiarity with the ins and outs of homebuying and home selling can give you an edge in the housing market and save you money. So let's put your knowledge to the test!

Cody Stuart / CREB®Now

Jan. 23, 2019 | Gerald Vander Pyl

The big picture: price is only part of the affordability equation

When it comes to housing affordability, how does Calgary compare to other major Canadian cities?

July 04, 2018 | CREBNow

Weak sales persist in Calgary and beyond

Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines.

The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of those areas.

Due to new taxes in B.C., more Albertans are expected to look within their own province for vacation properties during the rest of 2018.
Getty Images

June 06, 2018 | CREBNow

Lending conditions weigh on housing demand

May sales activity continued to ease, with the largest declines occurring in the detached sector. Additional gains in new listings continued to increase inventory levels.

Citywide sales activity in May totalled 1,726 units, 19 per cent below last year's levels and 24 per cent below longer-term averages. Sales activity in the detached sector declined to levels not seen in over a decade.

"The impact of rising lending rates and stricter qualification levels is causing demand to ease across all product types," said CREB® chief economist Ann-Marie Lurie.

Wine racks, wine rooms and wet bars have become popular additions to new-home designs and renovated homes alike.
Courtesy Steve Trutenko

May 02, 2018 | CREBNow

Soft sales continue in April

Prices steady, but struggles in Alberta economy weigh on housing

Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary's housing market.

Supply levels have not adjusted to the weaker demand environment, and that is preventing price recovery.

"Slower sales do not come as a surprise, given the economy has not yet improved enough to offset the impact of changes in the lending industry," said CREB® chief economist Ann-Marie Lurie.

"While the rising inventories are being monitored, prices have remained relatively flat as gains in some areas of the city have been offset by declines in other areas."

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