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Inventory gains influence housing prices

Posted April 2, 2015

First quarter activity reflects economic uncertainty   Click here to view the full monthly stats package. Elevated inventory levels and low sales for three consecutive months caused unadjusted benchmark prices to ease by 0.44 per cent in March, relative to the previous month, for a total of $454,300. Based on first quarter statistics, conditions are… Read More→

The Sky is Not Falling 2015

Posted March 16, 2015

“Back in late 2008 I wrote an article with the same name. With the recent economic news in Alberta I feel it is the time to write a similar article. In the first few months of 2015, if you picked up a newspaper or listened to the radio, it was all doom and gloom. I… Read More→

Inventory Climbs in Calgary’s Housing Market

Posted March 2, 2015

  February sales activity remains low Click here to view the full monthly stats package. Year-over-year new listings growth eased from 37 per cent last month to nine per cent in February. However, as sales activity remained below long term averages for the month, Calgary inventory levels rose to 5,474 units in February. “While housing… Read More→

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→

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