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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→

Summer sales stay strong – Seller’s market conditions persist, pushing up prices

Posted September 3, 2013

Calgary, Aug. 30, 2013 – City Residential sales within city limits totaled 2,196 units, an 27.5 per cent increase over 2012 and 8.7 per cent on a year-to-date basis.   The level of transactions was well above long-term trends for the month, mostly due to improved activity in the single-family sector. However, on a year-to-date basis, activity… Read More→

How will flooding impact Calgary housing market for rest of year?

Posted June 25, 2013

Questions on direction of sales and price growth   By Mario Toneguzzi, Calgary Herald June 24, 2013   CALGARY — Up until last week, Calgary’s residential real estate market was  one of the best in Canada with MLS sales continuing an upward trend. And the outlook for the rest of the year was rosy. But… Read More→

CREB® monthly statistics: May 2013

Posted June 3, 2013

City home sales hold momentum Prices rise as resale market continues to favour sellers The monthly statistics package is available here. Calgary, June 3, 2013 – City of Calgary residential monthly sales improved over the previous year, mostly driven by increased demand in the condominium market. Sales activity in all categories totalled 2,544 units for the… Read More→

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