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

By: Deven Folkins

Calgary housing market sees best March sales in over a decade

Tags: Calgary, Real Estate, Deven Folkins, Remax, YYC, Homes

Persistent sellers’ market conditions contribute to price gains City of Calgary, April 1, 2021 – The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007.   “Low lending rates and improved savings have ...Read More

By: Deven Folkins

Sellers' market in February leads to rising prices

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

City of Calgary, March 1, 2021 – With gains in every price range, residential sales activity in February totalled 1,836. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist ...Read More

By: Deven Folkins

CREB January Report - January sales signal strong start to 2021

Tags: Homes in Calgary, YYC, Real Estate, Deven Folkins, Realtor

City of Calgary, February 1, 2021 – January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021. Sales activity improved across all product types and across all price ranges. “Discount lending rates are exceptionally low, which is likely attracting all types of buyers back into the market...Read More

By: Deven Folkins

January 2021 CREB Report

Tags: Homes in Calgary, YYC, Calgary Market, Real Estate, Deven Folkins, Realtor

Amidst economic challenges, housing market ends 2020 on a high note City of Calgary, January 4, 2021 – With December sales of 1,199, this is the highest December total since 2007. "Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December,...Read More

By: Deven Folkins

Detached homes drive Calgary sales growth in October

Tags: Calgary Real Estate, Calgary Market, YYC, Real Estate, Deven Folkins, Realtor

Enter Blog With strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23 per cent increase over last year and well above longer-term averages. The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions and improving prices. “Over the past several years, higher lending rates and the stress test pu...Read More

By: Deven Folkins

CREB®'s Q3 2020 Housing Report released

Tags: YYC, Calgary, Real Estate, Deven Folkins, Realtor, Calgary real estate stats

City of Calgary, October 22, 2020 – Third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 per cent over last year's levels. Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from easing lending rates and previous price decl...Read More

By: Deven Folkins

CREB Media Release October 2020: Home sales rise along with supply

Tags: Calgary, Homes in YYC, Real Estate

September sales activity jumped to 1,702 units, the strongest September total since 2014. New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market is still down 12 per cent compared to last year. "The recent rise in new li...Read More

By: Deven Folkins

Detached and semi-detached home sales rise, but economic uncertainty remains

Tags: Detached Homes, Semi-Detached Homes

Enter Blog Post Here City of Calgary, August 4, 2020 – With higher sales for both detached and semi-detached product, July sales totals rose above last year's levels. Despite the improvements in July, year-to-date sales remain 15 per cent lower than last year's levels. "There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too ear...Read More

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