JANUARY HOUSING MARKET UPDATE

Feb. 1, 2023

Supply of lower-priced homes remains low for January

The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings...

Key indicators combined with lender risk mitigation measures shore up expectations of resilience.

Interest rate hikes served to destabilize most major Canadian housing markets beginning in 2022, however...

The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and Region Yearly Outlook Report. The report, which is prepared by CREB® Chief Economist Ann-Marie Lurie, provides a...

DECEMBER HOUSING MARKET UPDATE

2022 saw record-high sales and double-digit price growth

December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier...

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative...

Canada’s housing markets are still squarely in correction mode. The latest results from local real estate boards confirm activity and prices generally remained under intense downward pressure in November....

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It still might not be widely known, even amongst Canadian realtors, but Canada’s two-year ban on foreign investors purchasing residential property comes into effect on Jan. 1, 2023.

The Parliament...

OCTOBER HOUSING MARKET UPDATE

Nov. 1, 2022

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• RE/MAX brokers and agents anticipate prices in the Canadian housing market to ease by 2.2 percent this fall, due to high inflation, rising interest rates and economic uncertainty

• Rising interest...

SEPTEMBER HOUSING MARKET UPDATE

Oct. 3, 2022

Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease...

Affordability is a hot topic in Canadian housing market. Rising interest rates, intended to combat inflation, are significantly impacting homebuyers and in turn, sellers. Thus, home prices have begun to...

City of Calgary, September 1, 2022 – August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

While sales have remained relatively...

City of Calgary, Aug. 2, 2022 – Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent...

City of Calgary, July 4, 2022 – Sales activity in June eased relative to the past several months and with 2,842 sales, levels declined by two per cent over last year’s record high. While sales...

At the start of the year, amidst rising real estate prices and ballooning inflation, a hike of the Bank of Canada’s key interest rate seemed like an inevitability. Now, nearly six months down the...

City of Calgary, June 1, 2022 –  For the second month in a row, sales activity trended down after all-time record-high sales in March. While activity in the market slowed down in May with 3,071...

According to the Urban Reform Institute’s Demographia International Housing Affordability Study, Calgary ranked 10th out of the 92 cities included in the survey.

Calgary’s affordability, which...