Canadian Home Sales Drop in April as Mortgage Rates Rise

By: Deven Folkins

Canadian Home Sales Drop in April as Mortgage Rates Rise

Tags: calgary homes, house prices calgary, calgary real estate, calgary realtor, calgary house for sale, real estate market statistics, real estate market update

As mortgage rates continue to rise, Canadian home sales dropped by 12.6% in April, following a 6% decline between February and March.   While prices remain historically high, they slowed noticeably on a month-over-month basis.   https://view.comms.crea.ca/?qs=ea69e97b10b26bb164b57e1820f939d69db048d2e3bd4d94f99a6721e3047fcb0263e6cb9842b06bf4dd95e52aa99407cbc79706fe3596b9e67c93017952db4...Read More

Sellers' market conditions continue in April

By: Deven Folkins

Sellers' market conditions continue in April

Tags: calgary homes, house prices calgary, calgary real estate, calgary realtor, calgary house for sale, real estate market statistics, real estate market update

City of Calgary, May 2, 2022 –  Following an all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales, it was still a gain of six per cent over last year and a record high for the month of April.  “Despite some of the monthly pullback, it is important to note that sales remain exceptionally strong and are likely being limited due...Read More

Canadian Home Sales Slow Down in March

By: Deven Folkins

Canadian Home Sales Slow Down in March

Tags: calgary homes, house prices calgary, calgary real estate, calgary realtor, calgary house for sale

Home sales slowed down noticeably in March 2022, yet it’s still the second strongest month for sales volume, ever. With the Bank of Canada aggressively hiking interest rates, this slowdown may last a while as Canada continues to face record low supply levels. ...Read More

Record high sales seen again in March

By: Deven Folkins

Record high sales seen again in March

Tags: calgary homes, house prices calgary, calgary real estate, calgary realtor, calgary house for sale

For the second month in a row, sales activity not only reached a monthly high but also hit new record highs for any given month. Gains occurred across every property type as they all hit new record highs. An increase in new listings this month helped support the growth in sales activity. However, inventories have remained relatively low, ensuring the market continues to favour the seller.  ...Read More

Media release: Sales continue to surge as listings rise

By: Deven Folkins

Media release: Sales continue to surge as listings rise

Tags: calgary homes, house prices calgary, calgary real estate, calgary realtor, calgary house for sale

City of Calgary, March 1, 2022 –  Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last months levels. However, with only one month of supply, the market continues to favour the seller.  “Sales have been somewhat restricted by the lack of...Read More

By: Deven Folkins

Sales remain strong in September

Tags: Calgary, YYC, Real Estate, Deven Folkins, Re/Max, Realtor, Homes,

City of Calgary, Oct. 1, 2021 – Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month. “While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers ...Read More

By: Deven Folkins

CREB Media Release - Market continues shift toward more balanced conditions after torrid start to the year

Tags: Calgary, CREB, YYC, Real Estate, Re/Max, Deven Folkins, Realtor

Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years. “Sales have far exceeded expectations throughout most of th...Read More

By: Deven Folkins

CREB Release: Price growth slows as supply to demand balance improves

Tags: Real Estate, YYC, Homes, Calgary, Deven Folkins, Re/Max, Statistics

City of Calgary, August 3, 2021 – July sales totaled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in inventory levels, and while overall supply remains slightly higher than last July, it’s mos...Read More

By: Deven Folkins

Inventory rises, but sellers' market conditions persist

Tags: Calgary, Real Estate, YYC, Deven Folkins, Re/Max, CREB Statistics

City of Calgary, June 1, 2021 – With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month. "The recent gains in prices have encouraged more homeowners to list their homes and take advant...Read More

By: Deven Folkins

CREB®’s Q1 2021 Housing Report Released

Tags: Calgary, YYC, Real Estate, Homes, Market Statistics

City of Calgary, April 20, 2021 – The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is supporting stronger-than-ex...Read More

1 Message Us On Facebook Message us on Facebook!
close