No Change to Prime

Posted April 17, 2017

The Bank of Canada is keeping the target for the overnight rate at ½ percent.  While the global economy is exceeding the Bank’s January expectations-and the US is similarly experiencing solid growth-the Bank believes there is still an element of uncertainty around the global outlook. Similarly, Canada’s economic growth has been faster than predicted back… Read More→

Housing market set for favourable lead into spring

Posted April 3, 2017

From CREB Statistics Detached prices stabilize as city-wide inventory trends down After a long period of disconnect between supply and demand, Calgary’s detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year,… Read More→

A transition in the making

Posted March 6, 2017

Detached sales activity boosts February housing market After the first two months of the year, Calgary’s detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years. As sales kept trending upward,… Read More→

CREB® forecasts a slow transition for housing in 2017

Posted January 12, 2017

After a long period of economic downturn, Calgary’s housing market is expected to see some price stability in 2017, but not across all market segments and property types. Both detached and attached prices remain unchanged over 2016 levels, while apartment is forecasted to contract by another two per cent. “The transition in the housing market… Read More→

Soft demand to impact home prices, CREB® forecasts

Posted August 14, 2016

The economic situation in Alberta has impacted all aspects of the economy, including housing demand. However, price declines have been only slightly lower than expectations, as easing amounts of new listings has prevented steeper gains in supply levels, CREB® said today in its 2016 mid-year update. Benchmark prices have trended down this year and there… Read More→

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