Market Updates and Economic Trends

Jan. 25, 2024

If Interest Rates Go Down?: Navigating Market Dynamics in Real Estate

Supply and DemandIncreased Affordability: Lower interest rates make borrowing cheaper, and this increased affordability often stimulates demand for real estate. In a city like Calgary, where household incomes are high, the combination of lower interest rates and robust incomes could prompt more individuals and families to consider buying homes.

 

Buying Frenzy ...

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Jan. 2, 2024

Calgary Real Estate 2023: Navigating Trends, Challenges, and Triumphs

🏡 Calgary's 2023 Real Estate Landscape: A Year in Review 📊

As we bid farewell to 2023, lets reflect on the dynamic trends that shaped Calgary's real estate market. Despite challenges such as higher lending rates and persistent inventory constraints, the year witnessed noteworthy shifts and resilient performances ...

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Aug. 2, 2023

Calgary Real Estate Market Report: A Competitive Landscape for Buyers and Sellers in July 2023

July 2023 Market Update

For a Buyer in Calgary:

The market appears competitive for buyers. Year-to-Date (YTD) sales have increased by 17.7%, suggesting a higher demand for properties in the area. However, the inventory has decreased by 34.8%, leading to a reduced number of available properties for buyers to choose from. As ...

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June 2, 2023

Calgary Housing Market Report: Sales, Inventory, and Pricing Trends

May 2023 Housing StatisticsThe Calgary May Market Explained (info from the Calgary Real Estate Board (CREB)):

DETACHED:

For Sellers:

If you are selling a detached home in Calgary, there are important dynamics to consider. While there has been a rise in sales for homes priced above $600,000, there has been a decline ...

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May 7, 2023

How a Global Economic Growth Collapse Could Impact Calgary, Alberta

Calgary, Alberta, could potentially be negatively affected by a global economic growth collapse due to its reliance on natural resources and close ties to the energy sector. If demand for these exports declines, it could impact job growth and the overall economy. A reduction in consumer spending could also affect ...

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May 7, 2023

Calgary Home Prices Reach New Record High in April, Inventory Remains Low

CREB Stats April

Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city. 

 

“While ...

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April 7, 2023

March 2023 Calgary Real Estate Market Report | CREB®

March 2023 saw a rise in home prices as seller-friendly conditions continued to prevail in the market. Sales and new listings improved from the beginning of the year, resulting in expected monthly inventory level gains. However, low inventory levels of just 3,233 available units left purchasers with limited choices ...

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Feb. 13, 2023

When is the right time to Buy a home versus rent?

 

The decision to buy a home versus rent is a personal one that depends on a variety of factors, including your financial situation, lifestyle, and long-term plans. Some people prefer the stability and sense of ownership that come with owning a home, while others prefer the flexibility and freedom ...

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Jan. 27, 2023

Making Sense of Canada's Housing and Economy

Here are a few potential blog discussion topics for "Making Sense of Canada's Housing and Economy":

Examining the Factors Affecting Canada's Housing Market: What are the main drivers behind the current state of Canada's housing market? From demographic changes to policy decisions, there are many factors that ...

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Jan. 27, 2023

Recession Mixed with Inflation

During a recession, when the economy is contracting and businesses are struggling, there is typically a decrease in demand for real estate, which can lead to a decrease in property prices and rental rates. This is because people tend to have less disposable income during a recession, and may be ...

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