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August Stat Pack

September 25th, 2017
Took a hiatus in August and feeling refreshed and ready for the fall! Here is the monthly stat pack for August. The last couple months in Calgary have been characterized by more sellers on the market. Sales are up 2% city wide compared to last year and up 8% year to date, however, here we sit with over 6,600 active listings. The number of listings peaked late August at just under 7,000! K ...
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June Stat Pack

July 14th, 2017
'Gradual recovery'. That's what the pundits are calling it. The spring market has come to completion and the market is looking quite a bit better than it did a year ago. As we roll in to the dog days of summer, the number of active listings is on the rise (currently sitting over 6600 listings). While this is typical for the summer months, the level of inventory is substantially higher than ...
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May Stat Pack

June 17th, 2017
          This will be the fourth straight month that we have seen price gains for the city of Calgary! It is giving every indication that we are on the road to recovery and the detached segment is a big reason for this. Benchmark prices in the segment are up 1% since last month and sit at $509,000. Demand is still high with 2.1 months supply across the segment and the Northwest & East area ...
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April Stat Pack

May 18th, 2017
After the month of April and the market is still on track for recovery.  Although it’s been the detached and semi-detached market that has been buoying the numbers over the last year, row housing looks to be rebounding as well. That segment’s inventory numbers are down 8.5% to 863 units and sales were up 19% compared to last year. Benchmark prices have jumped up 0.59% since last month, howeve ...
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February Stat Pack

March 17th, 2017
After the month of February, we are still showing positive signs for 2017. Although sales were up nearly 20% from this time last year, the numbers are still off by 19% from the 10 year average. It will be interesting to see how the long term averages are affected when 2007 comes off the books next year. It was crazy that year! Hard to believe that is already a decade past. Every segment was l ...
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December Stat Pack & 2017 Forecast

January 13th, 2017
Just like that, another year in the books! Everyone might feel like they are a little worse for wear, however, there were some winners out there. Move up home buyers enjoyed a great market where they could take advantage of stable entry level prices and get a deal on their new home. First time home buyers that have been waiting on the fence managed to get some good deals on their new home as ...
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January Stat Pack

January 11th, 2017
First month in to 2017 and we are looking much better than last year at this time. Although that’s not a big feat as last January was a record setting slow month, but hey, we are glass half full people here! The last few weeks have been really busy. I have already helped a couple buyers find homes this year. The signal for the bottom may have arrived and that pent up demand I’ve been talking ...
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November Stat Pack

December 9th, 2016
After sales in October gave a false glimmer of hope, here we are looking in the rear view mirror for November and sales are back to where they were. October saw a 16% spike in sales activity, however, that was primarily due to the new mortgage rules implemented by the Feds. Buyers rushed to market to get their financing in under the wire. City of Calgary sales were off by 3% from this time la ...
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October Stat Pack

November 6th, 2016
So earlier this month there was a big hoop-la (is that even a word?) about the new mortgage rules the feds implemented. If you haven’t heard, as of October 17th, people applying for a mortgage with less than 20% down will now have to qualify at the Bank of Canada’s posted rate. Currently that sits at 4.64% which is considerably higher than most of the big bank’s interest rates of under 2.5% f ...
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September Stat Pack

October 7th, 2016
The light at the end of the tunnel??? Might be a little ambitious to think that, however, the detached segment has stabilized (somewhat). Flat for 2 months in a row? Let’s call that a win! It is the detached properties that have shown some resilience throughout this downturn so we shouldn’t be surprised that the value has held fairly well. Prices are down 3.29% year over year ($503,400). Sale ...
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