Calgary Market Snap Shot 
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2012 - Calgary Real Estate Board Market Prediction
CREB releases their market prediction in every January. If you are in the market to buy or sell your property in 2012, this report just may be the most important research document for you to base your decision on.
2011 had certainly showed some improvements to the market by single-family home sales increasing 9.06 per cent. However, if compared to the ten year average, it is still lagging about 17 per cent from where our transaction volumes should be at.
There is definitely more optimism on the streets of Calgary, especially when oil is over $100 a barrel and many oil companies are once again finding it a challenge to fill professional positions to keep up with demand.
Housing prices have been very stable in Calgary for the past several years and we are…
Calgary's Housing Market Pointing Towards Price Stability
Calgary, February 1, 2012 – Home sales in the City of Calgary are off to a slow start as buyers show continuing caution, according to figures released today by CREB®.
“Overall, the market is behaving as expected for the winter season,” says Bob Jablonski, president of CREB®.
The year-over-year volume of residential sales in the City of Calgary dropped, but the inventory of available homes declined even faster in January 2012.
The City of Calgary residential market recorded 1,078 sales in January, nearly one per cent below the same month in 2011. This is in part related to the drop in new listings, which declined by 8 per cent over January 2011, causing inventory levels to continue to contract over 2011. A lower number of sales is not uncommon for the…
Stable Growth & Steady Improvement For Calgary's Real Estate Market
Calgary, January 3, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010.
Recovering from tepid sales activity in the first half of 2011, early improvements in employment and migration resulted in a pickup in housing demand in the second half of the year. By the end of June 2011, year-to-date sales activity had only increased by two per cent compared to the second half of the year, where residential sales improved by 15 per cent.
“While sales activity in 2011 remained below the long run average by 17 per cent, monthly figures point towards the trend of this gap narrowing,” says Sano Stante, president of…
Stable Pricing Provides Opportunities for Buyers in Calgary's Real Estate Market
Calgary, December 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), Calgary residential sales in November increased eight per cent over last year, at 17,538 after the first 11 months of the year.
While sales activity tends to taper off in the winter months, so far this year Calgary area sales remain significantly stronger than levels recorded last year. Single family home sales totaled 962 for the month, an increase of eight per cent from November 2010. Meanwhile, year-to-date sales totaled 12,464, a 10 per cent increase over last year. Over the long term, however, sales remained a tepid 17 per cent below the 10 year average.
“Despite any global economic cautions, consumers are actively seeking well priced listings in…
Calgary Homebuyers Take Advantage of Affordability and Choice
Calgary, September 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), sales for upper-end homes are above the pace set a year ago. As of Wednesday August 31, there were 948 single family sales over $700,000 recorded this year, compared to 779 reported for the same period in 2010.
At the same time, sales for condos priced below $200,000 also received a boost, pointing to a growing number of first-time homebuyers taking advantage of affordability and low mortgage rates. There were 834 condo sales below $200,000 this year compared with 596 for the same period in 2010.
“We are seeing a lift in sales at both ends of the market,” says Sano Stante, president of CREB®. “Improving economic conditions coupled with affordability and…
Calgary's Inner City Market is Leading the Way...
Calgary, June 1, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), year-to-date residential sales in the inner city grew nearly 4 per cent, outperforming the city wide average. City of Calgary residential sales totaled 1,816 in May 2011, a 2 per cent increase in volume over May 2010. However, slower early spring sales resulted in the overall year-to-date sales being 3 per cent lower than the 2010 spring market.
As the city grows, improvements in the inner city communities are consistent with changing preferences in lifestyle options.
“Consumers are looking for shorter commute times to work and easy access to a wider range of services provided by these inner city communities,” says Sano Stante, president of CREB®.
“Many of…
Calgary Housing Market Set for Spring Thaw
Calgary, May 2, 2011 – According to figures released today by CREB® (Calgary Real Estate Board), City of Calgary year-to-date sales declined by 4 per cent compared to the first four months of 2010. The decline was offset by a 14 per cent drop in listings recorded over the same period, resulting in lower inventory levels, and a moderate growth in average prices.
In April 2011, single family home sales were 1,217, while 2,299 listings came to market, a decline of 10 per cent over April 2010 and 25 per cent, respectively. Inventory levels rose slightly over March 2011 levels, but remained well below inventories recorded in April 2010, and close to the long term average, indicating the market continues to show balanced conditions.
“While our spring market…
Calgary’s Housing Market Recovery Continues - March 2011
Statistics released by the Calgary Real Estate Board on March 1, 2011 indicates that for the second month in a row, single family home sales in the city of Calgary increased over previous month figures and levels recorded in February 2010. The rise in sales continues to point to a gradual recovery in Calgary’s housing market.
Sano Stante, president of the Calgary Real Estate Board has said that – “The convergence of affordability, low interest rates, a good selection of inventory and improved confidence in the Alberta’s energy sector is building the foundation for a sustainable housing recovery. Sales of single family homes priced below $400,000 are driving the gradual recovery, with the expectation that as the year progresses we should see the sales…
Calgary’s Real Estate Market Delivers Shocking Discovery
At first I couldn’t believe my own eyes when I saw the results of the latest real estate research that I have just completed. What I will share with you here will really shock you and it will definitely make you wonder why nobody else is telling you this.
Okay, here is what I had stumbled upon. The whole global economy has been going though recession for the last few years, and Calgary received its share for sure of loosing jobs, decreasing real estate prices, etc…
In 2010 and recently I have been in conversation with many homeowners who happened to buy a property on the peak of our most recent real estate boom in Calgary. The challenge they are facing now is that they would like to sell their property. Because house prices have declined since, they can’t…
Single family homes in the inner-city drive recovery in Calgary - February 2011
Statistics released by the Calgary Real Estate Board on February 1, 2011 indicates that single family home sales in the City of Calgary edged upwards month-over-month and showed the first year-over-year increase since April 2010.
Sano Stante, president of the Calgary Real Estate Board has said that – “More affordable housing will continue to attract homebuyers to the inner-city, particularly as employment in the city of Calgary continues to improve. Single family homes in the city are currently driving this gradual recovery, and we are seeing an uptick in the sale of homes below the $350,000 price point. This may suggest more first time homebuyers are entering the market, providing the fuel needed for a sustained housing recovery.”
Looking at the numbers in…
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Terms of Use Agreement shall not impose a financial obligation on the Registrant or create any representation agreement between the Registrant and the Participant.
All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Disclaimer: Information herein deemed reliable but not guaranteed by the CREB and EREB.
Last updated on: 2012-02-11 00:18:34
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