CREB Statistics for February 2018

Thu, 01 Mar by Georgina Burkholder

Here are the recent market stats from the Calgary Real Estate Board. At the bottom of the article  by  CREB – are links to the detailed reports.

Should you have any questions about the article or about the detailed reports, we would be happy to speak with you.  Please call the office at 403-251-1100 or send an email to matthew.r@shaw.ca

Your Realtor,

Matt

FROM CREB –  Calgary housing market prices hold, but sales fall

City of Calgary, March 1, 2018 –

Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.

Sales totaled 1.094 units in February, 18 per cent below last year’s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred in January. After the first two months of the year, sales activity remains well below longer-term averages.

“Housing market conditions are still adjusting to rising lending rates and changes in lending requirements. This process is expected to be bumpy, with demand adjustments leading the changes,” said CREB® chief economist Ann-Marie Lurie.

“However, it is important to remember that it is early in the process and the impact on prices will ultimately be dependent on the supply response.”

A decline in new listings was not enough to prevent further gains in inventory levels, but it offset some of the impact of slower sales activity. In the detached sector, one of the largest declines in sales occurred in the $600,000 – $999,999 range, while this price range also recorded gains in new listings.

“This is a market where the fundamentals of a sound pricing strategy need to be understood by sellers. At the same time, savvy buyers typically have a clear understanding of how much of a mortgage they can get,” said CREB® president Tom Westcott.

“With all the recent changes, potential purchasers should be obtaining pre-approvals so they understand exactly what they can afford prior to making an offer on a home. It also provides them flexibility in this market.”

Citywide benchmark prices totaled $434,300 in February, which is just above levels recovered last month, but comparable to levels recorded last year. While year-over-year price growth remained relatively stable in both the detached and attached markets, apartment prices remained three per cent below last year’s levels.

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

CREB 2018 Forecast report

Thu, 01 Feb by Georgina Burkholder

The Calgary Real Estate Board held its annual forecast meeting this week to share their outlook on the market ahead.  They forecast challenges for 2018 market, but optimism remains on the horizon.

Here is the link to their full report with all the stats and graphs.

http://www.creb.com/-/media/Public/CREBcom/Housing_Statistics/2018ForecastReportWEB.pdf?la=en

Should you have any questions about the report we would be very happy to talk with you.  We can be reached at the office at 403-251-1100 or send an email to matthew.r@shaw.ca

Your Realtor,

Matt

 

Re/Max Home Team Contest

Thu, 13 Apr by Georgina Burkholder

 

Click on this link for more information and to enter the contest:

http://www.whlremaxhometeam.ca/

 

 

OCTOBER 2016 CREB STATISTICS

Thu, 03 Nov by Georgina Burkholder

Below are the links to the housing stats recently published by the Calgary Real Estate Board for the month of October 2016.

This link is for Calgary housing:

http://www.creb.com/-/media/Public/CREBcom/Statistics_Package/2016/October_2016.pdf

This link is for the communities and areas surrounding Calgary:

http://www.creb.com/-/media/Public/CREBcom/Region_Statistics/2016/October_2016.pdf

Should you have any questions about the reports above or about your own personal real estate needs, we would be happy to speak with you.  You can reach us at 403-251-1100 or send an email to georgina@telus.net or to matthew.r@shaw.ca

Your Realtors,

Georgina and Matt

November 2015 CREB Stats

Wed, 09 Dec by Georgina Burkholder

Below is the link to the Statistics posted by the Calgary Real Estate Board for November 2015.

http://www.creb.com/~/media/Public/CREBcom/Statistics_Package/2015/November_2015.pdf

Should you have any questions after reading the report or about your own real estate needs, I would be pleased to speak with you.  Please call the office at 403-251-1100 or send me an email to georgina@telus.net

Your Realtor

Georgina

 

JUNE 2015 Statistics from the Calgary Real Estate Board

Mon, 13 Jul by Georgina Burkholder

Below is the link to the monthly statistics published by the Calgary Real Estate Board.

http://www.creb.com/~/media/Public/Statistics_Package/2015/June_2015.pdf

If you have any questions about the report or you would like to discuss your own personal real estate needs, I would be happy to speak with you.  Please call the office at 403-251-1100 or send an email to georgina@telus.net

Your Realtor

Georgina

 

February 2015 Housing Statistics from CREB

Fri, 06 Mar by Georgina Burkholder

Here is the link to the recent stats released by the Calgary Real Estate Board on the Calgary housing market.

http://www.creb.com/~/media/Public/Statistics%20Package/2015/February%202015.pdf

Should you have any questions about the stats, the market or your own personal real estate needs, I would be happy to speak with you.  Please call the office at 403-251-1100 or send me an email at georgina@telus.net

Your Realtor

Georgina

Changes to the Condominium Property Act will positively affect condo owners!

Thu, 11 Dec by Georgina Burkholder

CREB® supports Condominium Property Amendment Act

New bill is a win for consumers and the real estate industry

CREB® supports the provincial government in tabling the Condominium Property Amendment Act this week and bringing over 50 amendments for enhanced consumer protection and stronger governance within the condominium industry. In particular, the new Act will regulate a disclosure of information related to the sale and governance of condominium units.“Information is power, and these changes will empower consumers and REALTORS® to make more informed purchasing decisions,” said Bill Kirk, CREB® president. “In a particular, it will create clarity around reserve funds and special assessments, and reduce those surprises for consumers on things like special levies.”The amendments include the creation of a condominium tribunal, that reduces the time and costs associated with dispute resolution between condo owners and corporations. As well, there will be increased regulation of the industry with the introduction of licensing requirements for condominium managers by the Real Estate Council of Alberta.

As a stakeholder in industry consultations, CREB® is pleased to see its members’ concerns addressed in the amendments. The Act is a positive direction towards the modernization of condominium legislation and reflects the changes to the industry since the Condominium Property Act was first introduced in 2000.

“Thanks to the input of owners, their associations and over 4,000 Albertans, Bill 9 makes intelligent and purposeful changes to protect current and future condo owners, brings consistency for condo developers and provides structure and stability to governance for condo boards,” said Stephen Khan, Minister of Service Alberta. “We followed the leadership of Albertans to develop legislation, and will continue to work with them to implement it.”

Service Alberta indicates most of the regulations from the Bill will be implemented over the next year. CREB® looks forward to the implementation of the amendments and continuing to serve as advocates on issues that affect its members.

There are over 320,000 condominium owners in the province and condominium sales account for approximately 20 percent of residential sales annual.

 

Information from the Calgary Real Estate Board

 

CMHC fees changed on May 1, 2014

Tue, 06 May by Georgina Burkholder

Here is a link to the recent changes CMHC announced in regards to fees:

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2014/2014-02-28-1100.cfm

If you have any questions about the report or would like to discuss your real estate needs, I would be happy to talk with you.

Please call my office at 403-251-1100 or drop me an email at georgina@telus.net

Georgina

 

 

 

 

MORTGAGE RULES CHANGING

Mon, 10 Feb by Georgina Burkholder

Thank you to Rae Steil of Mortgage Architects for keeping us informed about more changes to the lending rules. This batch will affect buyers using co-signers and also those using LOC – Line of Credit financing

Georgina

Buyer Beware feb 2014

 

 

 

 

 

 

 

 

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.