April Stat Pack

May 21st, 2018

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City wide sales continue to sag with numbers being off by 20% for April. Inventory levels continue to creep up to 7,324 units (32% higher than this time last year). Despite the soft conditions, prices have remained stable at $436,500.

The labour report was just released for Q4 of 2017 and the numbers were positive. Economic growth for Calgary last year was 6.9% which was quite a bit stronger ...

Energy Efficiency In Alberta

May 3rd, 2018
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Looks like Alberta has finally rolled out some programs for energy efficiency! Rebates for the following:

  • drain water heat recovery
  • insulation upgrades
  • windows
  • tankless hot water heaters
  • furnaces
  • refrigerators
  • clothes washers
  • smart thermostats
  • solar systems

The Energy Efficiency Alberta site also gives a lot of good information including a Home Efficiency Tool. It helps to ide ...

January Stat Pack

February 16th, 2018
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Here we are in the new world of mortgage rules and increased interest rates. While we had seen a good push in sales for November and December to beat the new mortgage rules, January saw sales remain flat. This may be a little deceiving though as all segments were down except the semi-detached category which saw a 20% increase in sales. I have seen this many times though. There is the initia ...

December Stat Pack

January 20th, 2018

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The month of December finished off with a bang! There seemed to be carry over from the November spike in sales. Buyers were slipping in under the wire before the new mortgage rules came in to effect January 1st. Overall, 2017 played out as expected. Sales saw a moderate increase (6% to 18,882) and prices started to stabilize. Higher supply levels are putting some downward pressure on prices, ...

September Stat Pack

October 13th, 2017
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Sales cooled through the month of September and supply is trending up across the board. This usually translates in to lower prices so we will see how it goes through the end of the year. Currently we are sitting on just under 7,000 listings which is about 15-20% higher than the levels we had seen over the last couple years. It's not just in the condo market; there has been a substantial inc ...