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Lower rates won’t increase chance of a crash, says CMHC boss

Posted February 6, 2015

The CEO of the Canada Mortgage and Housing Corporation said that he does not expect to see a crash in the housing market as a result of the lower interest rates. Speaking to CBC’s Amanda Lang, Evan Siddall said: “Lower rates, of course, make it cheaper for people to buy houses and we are concerned… Read More→

Consumer confidence impacting demand

Posted February 4, 2015

  by crebnow on Feb 2, 2015 CREB’s monthly stats show Calgary sales in January total 880 units, below typical activity Low oil prices throughout January, combined with a shifting outlook in the energy sector, caused unease for consumers. As a result, monthly housing sales activity fell to levels not seen in five years. “Economic… Read More→

CREB® forecasts price stability amid easing demand

Posted January 15, 2015

Housing sales are forecasted to ease by four per cent this year, due to market uncertainty and changes in economic climate, while prices are expected to remain relatively stable with a modest increase of 1.58 per cent on an annual basis, CREB® said today in its annual forecast. Although sales levels are expected to ease,… Read More→

Housing supply improves in June

Posted July 2, 2014

Condominium apartment benchmark price surpasses previous highs The monthly statistics package is available here. Calgary, July 2, 2014 – Residential sales and listings in Calgary increased by double-digit rates in June compared to the same time last year. This increase is partly due to the floods impacting housing activity throughout the second half of June 2013.  “Last June… Read More→

Tight market conditions support price growth

Posted January 3, 2014

  Sales enjoy second consecutive year of double-digit growth        The monthly statistics package is available here.   Calgary, Jan. 2, 2014 – December’s eight per cent year-over-year increase in sales volume in the city of Calgary capped a year that saw an 11 per cent growth in sales volume for the entire 12 months. City residential sales totaled 1,172 units in… Read More→

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