Calgary Real Estate Market Update - September 2018

September 2018 – Market Update High Rate of Unemployment is Slowing Recovery in Housing Market CALGARY – The city’s housing market continues to suffer from oversupply due to an uptick in new listings and an easing in sales. These factors continue to be a drag on the housing market recovery. Persistently high inventory levels in […]

Calgary Real Estate Market Update - August 2018

August 2018 – Market Update It Will Take Time for the Housing Market in Calgary to Fully Recover With the recent rise in interest rates and a continually soft job market, potential homebuyers seem to be holding off on the decision to move forward with a purchase. In July, 1,547 units were sold in Calgary, […]

Calgary Real Estate Market Update - Mid Year 2018

Mid-Year 2018 – Market Update Mid-Year Housing Market Update: Still Sluggish Due to Economic Conditions Higher interest rates, stricter lending requirements and a lagging economy have slowed demand throughout the first six months of 2018. The result is fewer sales than originally forecasted. Ann-Marie Lurie, CREB® chief economist, said, “Soft sales along with increased inventories has […]

Calgary Real Estate Market Update - July 2018

July 2018 – Market Update Home Sales Limping Along in Calgary and Other Energy-Related Cities Many energy-related cities in Canada located in the provinces of Alberta and Saskatchewan have been experiencing a struggling housing market in the last few years, which has caused a decline in prices. Higher interest rates and the recently enacted changes […]