FEBRUARY HOUSING MARKET UPDATE
Lowest February inventory since 2006 Consistent with typical seasonal behavior sales, new listings and inventory levels all trended ...
READ POSTBlogging has not been my strength and so this is officially a work in progress. I have some big plans for the blogging page in the foreseeable future so I ask for your patience as I venture into this side.
Lowest February inventory since 2006 Consistent with typical seasonal behavior sales, new listings and inventory levels all trended ...
READ POSTSupply of lower-priced homes remains low for January The level of new listings in January fell to the lowest levels seen since the ...
READ POSTCalgary housing market expected to stabilize in 2023 The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and ...
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CREB® delivers a market forecast twice annually—once at the beginning of the year (typically the second week in January) and again around the mid-point (July/August).
The forecast report provides a comprehensive look at key economic indicators that influence housing within CREB®’s region boundaries, from energy prices to employment and population trends, to name a few.
It also examines each market sector, explores housing by property type and clarifies how supply and demand is functioning at the district level.
To learn more and view CREB®’s latest forecast report, please click here more information.
Sotheby's Top-Tier Real Estate Report
2016 Year End Report
![]() Sotheby’s International Realty Canada's recently released 2016 Year-End Top-Tier Report for Canada's major metropolitan centres has been featured in major media across the country, including Business News Network (BNN), Globe & Mail, CBC News, Toronto Star, Montréal Gazette, Calgary Herald and Vancouver Sun. The release was spotlighted in over 100 print, TV and radio media outlets from coast to coast.
The report revealed significant shifts in the performance of key Canadian top-tier real estate markets in 2016. The country’s four major metropolitan centers reflected resilience in spite of major domestic and global changes, as local market fundamentals emerged as the dominant forces in reshaping market performance across the country.
“Toronto’s luxury real estate market shattered previous performance records for the second straight year and defied industry expectations,” says Brad Henderson, President and CEO of Sotheby’s International Realty Canada. “At the same time, in light of the unexpected and unrelenting changes that rippled across the housing industry in 2016, the top-tier real estate markets in Vancouver, Calgary and Montreal demonstrated tremendous resilience, and in many cases sheer defiance, to post healthy performance across the board.”
According to Henderson, local market factors such as inventory constraints or oversupply, regional economic performance, levels of local consumer confidence and domestic demand, prevailed in shaping the top-tier real estate market even as major changes in municipal, provincial and federal policy directly impacted the sector and the housing finance system in 2016. Similarly, global political and economic headwinds were tempered by regional trends and hyper-local real estate conditions.
Calgary Highlights: Top-tier sales activity in Calgary over $1 million stabilized in 2016 compared to 2015. Motivated sellers were propelled into the market with lower price expectations and homes previously listed for extended periods of time were relisted at lower prices.
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Lowest February inventory since 2006 Consistent with typical seasonal behavior sales, new listings and ...
Supply of lower-priced homes remains low for January The level of new listings in January fell to the ...