Low inventory and high demand drive price gains in February
Low inventory and high demand drive price gains in February
New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 ...
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Posted by Ray Riley on March 1, 2024 in Calgary Housing Market Update
Current Interest Rates
CURRENT INTEREST RATES
Updated on March 11, 2024
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.
TERM RATE
1 Year 7.44% Ins....
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Posted by Ray Riley on February 26, 2024 in Buying a Home
January sees strong sales fueled by boost in new listings
January sees strong sales fueled by boost in new listings
January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. ...
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Posted by Ray Riley on February 4, 2024 in Calgary Housing Market Update
Strong migration and low supply drive Calgary housing prices in 2023
Strong migration and low supply drive Calgary housing prices in 2023
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While ...
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Posted by Ray Riley on January 2, 2024 in Calgary Housing Market Update
Increased listings, strong sales, and price growth
Increased listings, strong sales, and price growth
New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, ...
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Posted by Ray Riley on December 1, 2023 in Calgary Housing Market Update
Price gains continue in Calgary's real estate market as inventory remains low
Price gains continue in Calgary's real estate market as inventory remains low
November 1 2023
October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 per cent higher ...
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Posted by Ray Riley on November 8, 2023 in Calgary Housing Market Update
Another record-high month for Calgary
Another record-high month for Calgary
JUNE 2023 HOUSING MARKET UPDATEJuly 4, 2023
The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although ...
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Posted by Ray Riley on July 6, 2023 in Calgary Housing Market Update
May sales reach a record high
MAY 2023 HOUSING MARKET UPDATE
June 1, 2023
May sales reach a record high
Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the monthly gains have not outweighed earlier ...
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Posted by Ray Riley on June 1, 2023 in Calgary Housing Market Update
Prices rise as conditions favour the seller
City of Calgary, Housing Market UpdateApril 3, 2023
Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level ...
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Posted by Ray Riley on April 3, 2023 in Calgary Housing Market Update
Lowest February inventory since 2006
FEBRUARY HOUSING MARKET UPDATE
March 1, 2023
Lowest February inventory since 2006
Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new ...
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Posted by Ray Riley on March 1, 2023 in Calgary Housing Market Update
Calgary Housing Market 2022 saw record-high sales and double-digit price growth
December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.
Over the past several months, the pullback in sales was also met with a ...
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Posted by Ray Riley on January 1, 2023 in Calgary Housing Market Update
2022 on track to be a record year for sales
2022 on track to be a record year for sales
NOVEMBER HOUSING MARKET UPDATEDec. 1, 2022
Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average. The pullback in ...
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Posted by Ray Riley on December 1, 2022 in Calgary Housing Market Update
5 Easy Ways to Make your Home More Eco-Friendly
These days, people are more environmentally conscious. When it comes to their homes, that often starts with being more thoughtful about heating and cooling so they’re consuming less energy. With that in mind, here are some tips for making your ...
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Posted by Ray Riley on November 3, 2022 in Your Home
Sales remain stronger than pre-covid levels
City of Calgary, Nov. 1, 2022 – October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.However, with 1,857 sales this month, levels are still stronger than long-term trends ...
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Posted by Ray Riley on November 2, 2022 in Calgary Housing Market Update
Calgary Housing Market Update September 2022: Supply levels ease with fewer new listings in August
Supply levels ease with fewer new listings in August
City of Calgary, September 1, 2022 – August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month. While sales have ...
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Posted by Ray Riley on September 1, 2022 in Calgary Surrounding Areas
CREB® releases Q2 housing market report
Within the city of Calgary, housing sales totalled 18,694 units in the first half of 2022, with sales in the second quarter nearly matching the record high pace set in the first quarter of the year . This doesn’t come as a surprise as ...
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Posted by Ray Riley on August 17, 2022 in Calgary Housing Market Update
Detached home sales decline as apartment condominium sales rise
City of Calgary, Aug. 2, 2022 – Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. ...
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Posted by Ray Riley on August 2, 2022 in Calgary Housing Market Update
Market continues to favour the seller despite slowing sales
City of Calgary, June 1, 2022 – For the second month in a row, sales activity trended down after all-time record high sales in March. While activity in the market slowed down in May with 3,071 sales, levels are still slightly ...
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Posted by Ray Riley on June 1, 2022 in Calgary Housing Market Update
Can You Afford the Home of your Dreams?
Daydreaming about owning something you can’t afford can be fun. Whether it’s a diamond-encrusted watch from Tiffany & Co., or the latest Lamborghini, even the thought of trying one on or going for a test drive can be exciting.
The ...
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Posted by Ray Riley on June 1, 2022 in Buying a Home
How to Make your Home Sale “Smooth Sailing”
When you plan to take a journey somewhere, you hope it will be smooth sailing all the way. That simply means the trip will be relatively trouble-free, and without stress or hassles.
Well, selling your property is like a journey. So, how do you ...
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Posted by Ray Riley on May 21, 2022 in Selling Your Home