Calgary Realtor

Detached homes drive Calgary sales growth in October!

With strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23 per cent increase over last year and well above longer-term averages.

The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions and improving prices.

“Over the past several years, higher lending rates and the stress test pushed many out of the detached housing market. However, recent declines in rates, combined with prices that are lower than several years ago, have brought back some of that demand,” said CREB® chief economist Ann-Marie Lurie.

“This is helping support more balanced conditions and price improvements in the market. However, price improvements are not occurring across all product type and price ranges and downside risk still hangs over future conditions.”

Improving sales over the past four months were not enough to offset the pullbacks in the second quarter, leaving year-to-date sales nearly six per cent below last year’s levels.

The same is also true for prices. Benchmark prices have trended up over the past four months and October prices were slightly higher than 2019. On a year-to-date basis, prices are one per cent lower than last year’s levels and nearly 10 per cent below previous highs.

“The stats are much better than we originally expected"

Second quarter show rebounding home sales, slower price declines than feared Breadcrumb Trail LinksNew HomesHomesSecond quarter show rebounding home sales, slower price declines than fearedAuthor of the article:Joel Schlesinger • for the Calgary HeraldPublishing date:Aug 07, 2020 • • 3 minute readCalgary home sales are picking up. Azin Ghaffari / PostmediaArticle Sideb...

This beautiful home, owned by late Jim Shaw, former CEO of Shaw Communication, is situated on a 22,000 sq ft lot & offers amazing downtown, river valley & mountain views!

Bidding opens up Nov 12, 2019.

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Listed at almost $11M, late Jim Shaw's former luxury home goes up for auction

For the third consecutive month, sales on the MLS System increased on a year-over-year basis. This is a strong sign of stability finally returning to the market.

Calgary’s MLS market is on a winning streak It’s a streak the Calgary housing market hasn’t seen in some time.September was the third consecutive month that sales on the MLS System increased on a year-over-year basis, plus new li…

The price of commercial condos has risen to more than $200 a square foot, on average, this year and last. You can expect more of this in the coming years.

Commercial condos catch on in Calgary Sales, initially robust, have slipped but only because of limited supply, Colliers notes

Commercial real estate in Calgary may be one of the final sectors of the economy to bounce back.

A lot of money is chasing fewer opportunities in Calgary’s commercial real estate market, which is especially evident with the strong demand for retail properties.

'Signs of recovery' in Calgary CRE market: Barclay Street After suffering through a vicious economic downturn for two years, investment in Calgary’s commercial real estate market is on the road to recovery.

Calgary's younger population owns more real estate than others of the same age elsewhere in Canada :)

Calgary's millennials own more real estate than those elsewhere in Canada, survey suggests Calgary's millennial generation owns more real estate than millennials anywhere else in Canada, according to a new real estate survey done by Royal Lepage.

With so much sprawling land, there's a reason why condos are not in demand in Calgary, not to mention high maintenance fees and noisy neighbours. As more detached homes are fetched, prices will continue to rise.

Demand for Calgary’s detached segment rises but condos remain stalled: CREB Despite a plethora of condos in the market, demand for detached homes continued to rise in May.

House prices in Calgary have risen every month this year. Still one of the cheapest housing markets in the country, especially when you consider Calgary is the third largest city after Toronto and Vancouver!

House prices on the rise in Calgary - 660 NEWS For the fourth month in a row, home prices went up in Calgary. The Calgary Real Estate Board says improved demand and easing supply last month created balanced conditions and modest price gains for single-family homes. In fact, for the first time since June 2015, the price for a detached home did no...

Commercial real estate activity in Calgary, driven by the office market, was up in the first quarter of 2017.

Big deals propel Calgary CRE activity higher Driven by the office market, commercial real estate activity in Calgary was up in the first quarter of 2017, edging over the $1-billion mark.

Foreign buyers are already looking at Calgary. As our international profile keeps rising, so will our housing prices.

Is Calgary the next property hot spot for foreign buyers? - Macleans.ca As B.C. and Ontario slap taxes on non-resident buyers, Alberta has a message: 'C'mon over'

Radisson Place will undergo a series of modernizations, including in-suite kitchen and bathroom renovations, interior common area refurbishments and updates to its amenities.

Minto Capital acquires Calgary Radisson Place Minto Capital Management has acquired Radisson Place in Calgary, a 12-storey multi-residential building with 11,400 square feet of commercial space.