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Stories Tagged - sales

CREB®Now Archive
News

Dec. 11, 2019 | Sam Crick and Tamara Stearns

SPONSORED: How to stage your home during the holidays

The holiday season gives most people the feels – "most" being the operative word. It's important to keep this in mind when selling your home during the festive season. It's easy to go overboard. (If you're not sure what we mean, watch the notorious house-lighting scene from National Lampoon's Christmas Vacation for a reminder.)

An open house is a great opportunity to welcome eager homebuyers and show off your home in all its warm, wonderful glory. Here are some tips to stage your home for a sale, while keeping it tasteful:
News

Dec. 04, 2019 | CREBNow

November 2019: Calgary housing market still favours the buyer

Year-to-date residential sales in the city remain just above last year's levels due to improvements in the attached sector so far this year.

However, November sales activity eased over last year's levels, mostly due to pullbacks in the apartment sector.

News

Nov. 06, 2019 | CREBNow

October 2019: Homes under $500,000 moving to more balanced conditions

Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product.

News

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.

Getty Images
News

June 19, 2019 | Mario Toneguzzi

Too much of a good thing: Oversupply continues to weigh on Calgary condo market

With housing affordability continuing to be a major concern these days, particularly due to the mortgage stress test, you would think that the lower-priced options in the condo segment would benefit. However, that has not been the case in the Calgary resale housing market, where sales numbers and prices continue to suffer.

The reason for this is simple – an oversupply of properties for sale.

News

May 08, 2019 | CREBNow

April 2019: April brings a slight inventory decline

There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels.

The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared to last year.

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
News

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.

Getty Images
News

May 16, 2018 | Mario Toneguzzi

Lacklustre luxury

High-end housing market continues sluggish recovery, but slow sales bump up supply 

As a former long-time writer with the Calgary Herald focusing on the real estate beat, I knew how popular coverage of the real estate industry was to readers.

One aspect of the industry people always loved reading about was the city's luxury home market. So, I was curious how the high-end segment of the housing market has been faring lately.

Year-to-date sales – up to the end of April – of $1-million-plus properties totalled 204 transactions, which is down slightly from 211 during the same period a year ago, says Ann-Marie Lurie, chief economist with CREB®.

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

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."

Town of Cochrane economic development manager Mike Korman believes Cochrane’s population will grow by about three to four per cent, and building starts will maintain 2016 levels. Photo by Wil Andruschak/For CREB®Now
News

Jan. 10, 2017 | Gerald Vander Pyl

Domino effect

Surrounding housing market to follow Calgary's lead in 2017 after challenging conditions in 2016

Slow stabilization in Calgary's housing market in 2017 is expected to create similar momentum for satellite communities such as Okotoks, Cochrane, Airdrie and Chestermere, say local officials on the heels of CREB® releasing its 2017 Economic Outlook & Regional Housing Market Forecast.

According to the report, Chestermere in Rocky View region experienced a widening gap between sales and new listings during 2016, putting downward pressure on benchmark prices – notably detached homes, which dropped 2.5 per cent from 2015 to $490,808.

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