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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→

Prime Remains the Same

Posted December 6, 2013

The Bank of Canada announced today that it will not be changing its overnight rate. Therefore the Prime lending rate remains at 3.00%. The global economy is expanding at a modest rate, as the Bank expected. Although growth in several emerging markets has continued to ease, growth in the United States during the third quarter… Read More→

Rise in new listings prevents further tightening in the resale market

Posted October 2, 2013

Calgary, Oct. 1, 2013 – City of Calgary residential sales totaled 1,923 units in September, 19 per cent higher than last year and 14 per cent higher than long-term averages for the month. While sales activity over the past three months has been above long-term trends, it was less so in September than in July and August. “The… Read More→

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