Stories Tagged - demand
April 28, 2021 | Natalie Noble
Year one of COVID-19 pandemic brought sweeping changes to Calgary real estate and the way business is done
April 23, 2021 | Gerald Vander Pyl
New homes and renovation services now come at a premium, as lumber shortage drives up construction costs
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
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?
Nov. 20, 2020 | Josh Skapin
In fact, a new emphasis on creating comfortable, productive workspaces within the home and the reduced importance of living anywhere near the office have increased buyer interest in areas just outside Calgary's city limits – where prices are lower and space is plentiful.
Sept. 14, 2020 | CREBNow
July 27, 2020 | CREBNow
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.
June 06, 2018 | CREBNow
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.
June 11, 2016 | Mario Toneguzzi
Calgarians looking to sell their homes are slowly coming to the realization that it's a buyers' market and are beginning to manage their price expectations, says CREB® president Cliff Stevenson.
"I think there's still something to the fact that sellers are still adjusting to this – to the fact the pendulum has definitely swung in the buyers' favour. I think you've got some sellers that are obviously taking a bit longer to figure this out than others," said Stevenson, noting CREB® officially labelled it a buyers' market in November 2015 after three consecutive months of inventory increases.
May 22, 2014 | CREBNow
Unlike Calgary's weather for most of this year, the city's condo market is scorching hot, said Matthew Boukall, director of residential advisory services with industry analyst Altus Group.
"We're coming off the best year we've had last year and demand remains strong," he said. "There's a lot of pent-up demand for new housing. So from an inventory perspective we're basically absorbing product as it's coming to market. We don't have an oversupply situation whatsoever."