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Stories Tagged - supply
News
Oct. 01, 2021 | CREBNow
September 2021: Sales remain strong
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.
News
July 05, 2021 | CREBNow
June 2021: Supply trends up but market still favours the seller
Calgary's housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.
News
April 28, 2021 | Natalie Noble
Year one of COVID-19 pandemic brought sweeping changes to Calgary real estate and the way business is done
Whatever "new normal" is coming, the COVID-19 pandemic has reshaped many aspects of the real estate industry in Calgary and across Canada. From changes to the way homes are built, bought and sold, to shifts in buyer priorities and the economic forces at play, it's been a wild ride for REALTORS®, builders, homebuyers and everyone in between.
News
April 23, 2021 | Gerald Vander Pyl
New homes and renovation services now come at a premium, as lumber shortage drives up construction costs
Anyone who has walked into a hardware store lately is aware of the current price of lumber, a situation that is creating issues for the homebuilding and renovation industries in Calgary and across the country.
News
April 15, 2021 | Mario Toneguzzi
Out of office: Royal LePage predicts price increases for Alberta vacation properties in 2021, as COVID-19 continues to drive up demand
More than a year after it began, the COVID-19 pandemic continues to spark increased interest in Alberta's recreational property market, as homebuyers seek an escape from congested cities.
Long-term remote work, which has been a reality for many Albertans for the last 12-plus months, has also made people realize that if they can work from anywhere, why not work from a cottage, cabin or waterfront property?
Long-term remote work, which has been a reality for many Albertans for the last 12-plus months, has also made people realize that if they can work from anywhere, why not work from a cottage, cabin or waterfront property?
News
April 01, 2021 | CREBNow
March 2021: Calgary housing market sees best March sales in over a decade
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.
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.
News
March 09, 2021 | Stefan Strangman
Adapt or die: Calgary condo developers embrace innovation and affordability to succeed in crowded COVID-19 market
COVID-19 has undoubtedly changed how Calgarians live their lives. According to market analysts, it has also started to affect where they live and how they buy homes, and condo developers have been forced to adapt.
News
March 16, 2021 | Josh Skapin
Detached-home sellers are in the driver's seat, as low mortgage rates fuel demand across Calgary
Enticing discount mortgage rates have helped put Calgary's detached home market in rare form.
News
Nov. 03, 2020 | CREBNow
October 2020: detached homes drive Calgary sales growth
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.
The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions and improving prices.
News
Oct. 01, 2020 | CREBNow
September 2020: home sales rise along with supply
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.
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.
