Housing market conditions favour buyers

Posted December 1, 2015

Weak sales activity relative to inventory places downward pressure on prices   Click here to view the full monthly stats package. Calgary, Dec. 1, 2015 – Persistently high inventory levels within Calgary’s residential resale housing market, combined with weak sales activity, contributed to buyers’ conditions in November. Monthly sales totaled 1,263 units, a 28 per cent… Read More→

Prices decline for second consecutive month

Posted November 9, 2015

Benchmark prices declined 0.7 per cent from the previous month, and 1.2 per cent from the same time last year, to $453,100. “Persistent weakness in the overall economy continued to impact housing demand in Calgary as October sales were nearly 16 per cent below long-term averages,” said CREB® chief economist Ann-Marie Lurie.  “In addition, new… Read More→

Prices Ease as Expected

Posted October 1, 2015

Inventories rise as sales activity softens further Click here to view the full monthly stats package. Following four months of relative stability, unadjusted benchmark prices eased as expected in September to $456,300, a 0.26 per cent decline compared with last year. Most of this aggregate moderation was due to price declines in the apartment sector… Read More→

Alberta housing market forecast to rebound in 2016

Posted September 2, 2015

After a tough year in 2015, Alberta’s resale housing market is expected to rebound in 2016, according to a report by RBC Economics. The bank’s senior economist, Robert Hogue, is forecasting sales in the province to dip by 17.8 per cent this year from 2014 to 59,000 transactions — the largest drop in the country…. Read More→

Housing market to slow in 2016, but only modestly

Posted August 20, 2015

One of Canada’s largest mortgage lenders says that the housing market will slow in 2016 — but only modestly. RBC forecasts that rising interest rates will see real estate sales drop by 10% over several years and the rise in prices slowing to 3.2% in 2016.  The report says: “It has long been our view… Read More→

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