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Stories Tagged - Home Prices
News
April 01, 2016 | Andrea Cox
Above the curve
Small-volume builders say they've been largely unaffected by the economy
Alberta's economic downturn is not impacting all areas of the housing industry in the same way, according to small-volume builders who say their niche is, in fact, busier than ever.
"We are pretty much unaffected by the economy," said Brian Cook of Cook Custom Homes, a Calgary-based micro-builder that designs and builds five homes per year. "There is still money in Calgary and those who work in economy-friendly industries are building homes."
Cook noted one of the only differences he's seeing is in buying strategy, especially with spec homes. When the market was hot, buyers would tour a home once and put in an offer.
Alberta's economic downturn is not impacting all areas of the housing industry in the same way, according to small-volume builders who say their niche is, in fact, busier than ever.
"We are pretty much unaffected by the economy," said Brian Cook of Cook Custom Homes, a Calgary-based micro-builder that designs and builds five homes per year. "There is still money in Calgary and those who work in economy-friendly industries are building homes."
Cook noted one of the only differences he's seeing is in buying strategy, especially with spec homes. When the market was hot, buyers would tour a home once and put in an offer.
News
March 14, 2016 | Alex Frazer Harrison
Force to be reckoned with
Chestermere's growth reflects growing interest in satellite communities, say officials
The first permanent homes in Chestermere were built he same year the first Star Wars film came out: 1977
Seven movies later, the city's population is approaching 19,500 – with proposed development expected to double that number in the years to come.
"Fantastic cities attract fantastic people," said Mayor Patricia Matthews. "We have this huge body of water that's a great attractor for a lot of people. You get that feel of being out in the country – that retreat moment when you come home."
The first permanent homes in Chestermere were built he same year the first Star Wars film came out: 1977
Seven movies later, the city's population is approaching 19,500 – with proposed development expected to double that number in the years to come.
"Fantastic cities attract fantastic people," said Mayor Patricia Matthews. "We have this huge body of water that's a great attractor for a lot of people. You get that feel of being out in the country – that retreat moment when you come home."
News
Dec. 23, 2015 | CREBNow
A look back at 2015 with CREB®'s chief economist
The year according to CREB®'s Ann-Marie Lurie
With the calendar set to turn on what's been a turbulent year in the city's real estate industry, many will wondering what to expect in 2016 and beyond. To help provide a little clarity on just how we got here, as well as a hint as to where we're headed, CREB®Now enlisted CREB® chief economist Ann-Marie Lurie to provide some end-of-year insight.
CREB®Now: ?How would you sum up 2015 in Calgary real estate?
Lurie: It has been a year of weaker demand – definitely challenging economic times resulting in weaker demand. As a result there has been some more inventory than we are used to in the market and there has been some downward regression on pricing. It's completely consistent with what the economic situation has been.
With the calendar set to turn on what's been a turbulent year in the city's real estate industry, many will wondering what to expect in 2016 and beyond. To help provide a little clarity on just how we got here, as well as a hint as to where we're headed, CREB®Now enlisted CREB® chief economist Ann-Marie Lurie to provide some end-of-year insight.
CREB®Now: ?How would you sum up 2015 in Calgary real estate?
Lurie: It has been a year of weaker demand – definitely challenging economic times resulting in weaker demand. As a result there has been some more inventory than we are used to in the market and there has been some downward regression on pricing. It's completely consistent with what the economic situation has been.
News
Nov. 26, 2015 | Cody Stuart
Five things about CMHC's housing outlook
Yearly update on the local and national housing markets
Canada Mortgage and Housing Corp. (CMHC) has issued its outlook on the local and national housing markets. Detailing several factors impacting Canada's housing market -- both new and resale - CMHC's numbers provide a basis for what to expect heading into the remainder of 2015 into 2016 and beyond.
To help provide a little more understanding, CREB®Now digs a little deeper into CMHC's Outlook.
Canada Mortgage and Housing Corp. (CMHC) has issued its outlook on the local and national housing markets. Detailing several factors impacting Canada's housing market -- both new and resale - CMHC's numbers provide a basis for what to expect heading into the remainder of 2015 into 2016 and beyond.
To help provide a little more understanding, CREB®Now digs a little deeper into CMHC's Outlook.
