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Stories Tagged - forecast

CREB® Housing Market Stats

Jan. 05, 2021 | CREBNow

December 2020: Amidst economic challenges, housing market ends 2020 on a high note

With December sales of 1,199, this is the highest December total since 2007.

"Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring," said CREB® chief economist Ann-Marie Lurie.

Nov. 30, 2020 | CREBNow

CREB® Forecast goes virtual in 2021

CREB®'s annual Forecast real estate event returns on Jan. 26, 2021 with an all-new virtual format. So, grab your ticket, put on your headset, and get ready to immerse yourself in a one-of-a-kind real estate experience.

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.

Getty Images

July 15, 2020 | Tyler Difley

Bank of Canada stands pat on interest rates, forecasts GDP decline in 2020

The Bank of Canada has maintained its overnight rate target at 0.25 per cent, the effective lower bound, and released its updated outlook for the economy and inflation.

Getty Images

Jan. 10, 2020 | Barb Livingstone

The road ahead: Industry experts predict what 2020 might hold for Calgary real estate

Alan Tennant - CREB® CEO


There is nothing to indicate a major shift in the current
trajectory. I see cautious optimism among the development sector – they are not overbuilding in any sector – and that is a healthy sign. It comes down to consumer confidence. We have two elections behind us, which could have been destabilizing but weren't.

CREB®Now Archive

Jan. 10, 2018 | CREBNow

Two sides of the story

December sales activity rises again, but so does supply

Sales activity for all product types improved in December and pushed monthly sales to long-term averages for the second month in a row.

However, new listings also rose, keeping inventory elevated compared to typical levels for December. With more supply remaining compared to sales, benchmark prices edged down for the fifth consecutive month.

Aug. 16, 2017 | CREBNow

Mid-year market update shows stability

CREB® forecasts a process of recovery for the remainder of 2017

The first-half of 2017 marked a shift in Alberta's economy from recession to recovery, with conditions supporting stability rather than expansion.

"Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market," said CREB® chief economist Ann-Marie Lurie.

"This will continue to cause some adjustments in the housing market for the remainder of this year. However, this is not expected to offset earlier gains supporting general stability in 2017."

ATB Financial chief economist Todd Hirsch. CREB®Now file photo

Jan. 11, 2017 | Joel Schlesinger

Barriers to recovery

Report notes mortgage lending rule changes could spell trouble for city's housing market

Recent changes by the federal government to mortgage lending rules will likely serve as headwinds for the city's recovering real estate market in the coming year, said CREB® in its 2017 Economic Outlook and Regional Housing Forecast.

Since 2008, the federal government has been tightening mortgage lending rules.

CREB® president David P. Brown says buying a home is a personal decision, but waiting too long creates risks. CREB®Now photo

Jan. 10, 2017 | Jamie Zachary

Q&A with 2017 CREB® president David P. Brown

Real estate veteran to take reins of member organization

The New Year will welcome a new president for CREB® and its 5,200-plus members as local real estate veteran David P. Brown takes the reins during what's expected to be a year of transition for the industry.

CREB®Now caught up with Brown to talk about everything from his financial background to what advice he has for prospective homebuyers.

CREA expects national housing sales will decrease in 2017 once adjusted for population growth. Illustration courtesy CREA.

Sept. 14, 2016 | CREBNow

Alta. housing sales to finish strong, face challenges: report

CREA expects sales to struggle to maintain traction in 20016-17

MLS® sales in Alberta are expected to increase for the balance of the year due to better-than-expected activity during the second quarter and health levels heading into the third quarter, according to the Canadian Real Estate Association (CREA) in its revised 2016 forecast.

The national REALTOR® agency added, however, that the current economic climate suggests Alberta sales may struggle to maintain traction over the remainder of 2016 and into 2017.

Alberta sales activity is expected to finish the year down 8.8 per cent to 51,500 transactions - the largest decline in the country as the province's economy struggles with a sluggish energy industry.

Nationally, sales activity is forecast to rise by six per cent to 535,900 units in 2016, which is little changed from CREA's previously predicted sales increase of 6.1 per cent to 536,400 units this year. This represents a new record for annual sales.

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