Let’s be honest: There is a lot of uncertainty in the current Canadian real estate market. Are home prices climbing, rising, or stagnating? Where will mortgage rates be by the end of the year? Will economic...
Bank of Canada reduces policy rate by 25 basis points
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
The global...
Calgary home sales remain robust despite supply shortages in lower price ranges
MAY 2024 HOUSING MARKET UPDATE
June 3, 2024
In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one per cent below last year's record high,...
Cottage Prices Rise in most Western Canada Recreational Markets
National Cottage Market Outlook
From a Canada-wide perspective, a flood of listings hasn’t hit the recreational property market this spring, and is unlikely to transpire this year. Despite the af...
Price growth persists in Calgary as seller’s market prevails
APRIL 2024 HOUSING MARKET UPDATE
May 1, 2024
Price growth persists in Calgary as seller’s market prevails
Sales in April rose by seven per cent compared to last year, to 2,881 units. While the pace...
Little change in Canada’s March housing market amid flat sales and prices — is a buyer’s market coming?
The Canadian housing market showed little change in March 2024, with home sales and prices remaining mostly flat. Sales activity recorded through Canadian MLS systems edged up by 0.5 percent month-over-month...
Blanket rezoning for Calgary: necessary tool or sledgehammer?
A public hearing on a proposed bylaw that could change the urban landscape of Calgary starts on Monday when citizens head to council chambers to voice their opinions about a possible citywide zoning change....
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
The Bank...
Viani Real Estate Group recognized as top producers for 2023
March reflects strong seller's market and price increases
MARCH 2024 HOUSING MARKET UPDATE
April 1, 2024
March reflects strong seller's market and price increases
March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term...
RBC | Reality check: Canada’s housing market isn’t out of the woods yet
Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very c...
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
Global economic...
Low inventory and high demand drive price gains in February
FEBRUARY 2024 HOUSING MARKET UPDATE
March 1, 2024
Low inventory and high demand drive price gains in February
New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings...
January sees strong sales fueled by boost in new listings
JANUARY 2024 HOUSING MARKET UPDATE
February 1, 2024
January sees strong sales fueled by boost in new listings
January sales rose to 1,650 units, a significant gain over last year's levels and long-term...
RE/MAX Real Estate Agents Voted #1 Most Trusted in Canada
RE/MAX® has been voted the #1 Most Trusted Real Estate Agents in Canada by Canadian shoppers, year after year*, according to the 2024 BrandSpark® Canadian Trust Study.
The study is based on a national...
Viani Group Top Producers for 2023 at RE/MAX Real Estate Central
CREB® Forecast 2024 | Calgary and area yearly outlook report
Rising lending rates have had a notable impact on the housing sector, prompting potential buyers to search for more affordable housing options. Simultaneously, some potential sellers have refrained from...
Why Lower Canadian Real Estate Prices Could Benefit Sellers this Spring
The Canadian real estate market is going through an adjustment period right now. After a couple of years of meteoric growth across the entire housing sector, conditions seem to be settling, the frenzy has...
Strong migration and low supply drive Calgary housing prices in 2023
DECEMBER 2023 HOUSING MARKET UPDATE
January 2, 2024
Strong migration and low supply drive Calgary housing prices in 2023
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels...
Experts share their rental housing outlooks for 2024
Lawmakers across Canada have put a renewed focus on making housing more affordable, but experts predict chronic issues around pricing and supply will keep straining the country’s rental market in...