Calgary Real Estate

The Bonus Room

Confession Time About This Blog

Blogging 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.

Market Updates

FEBRUARY HOUSING MARKET UPDATE
Market Knowledge

FEBRUARY HOUSING MARKET UPDATE

Lowest February inventory since 2006 Consistent with typical seasonal behavior sales, new listings and inventory levels all trended ...

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January 2023: Calgary Housing Market Update
Market Knowledge

January 2023: Calgary Housing Market Update

Supply of lower-priced homes remains low for January The level of new listings in January fell to the lowest levels seen since the ...

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Forecast report: Calgary housing market expected to stabilize in 2023
Market Knowledge

Forecast report: Calgary housing market expected to stabilize in 2023

Calgary housing market expected to stabilize in 2023 The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and ...

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What The Foreign Buyers Ban Means For You
Market Knowledge

What The Foreign Buyers Ban Means For You

On January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Foreign Buyers Ban”) came into ...

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Style & Design

Six essential tips to prepare your home for a spring sale

Posted by Steven Hill on Jan 10, 2023

Six essential tips to prepare your home for a spring sale As we recover from the Holidays, it's hard ...

The beauty of minimalist Bauhaus design

Posted by Steven Hill on Jul 29, 2022

The interior design style known as Bauhaus is guided by the belief that materials should not be hidden ...

RSS

CREB® | Market Forecast Report

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.

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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.

  • In total 542 properties (condominiums, attached and single family homes) sold over $1 million in  2016, representing a 19% year-over-year increase.
  • Annual sales volume increased incrementally across the $1 – 2 million and $2 – 4 million price categories by 16% and 47% respectively.
  • The sales of real estate over $4 million increased to four units in 2016, compared to one unit in 2015.

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Latest Blog Posts

FEBRUARY HOUSING MARKET UPDATE

Posted by Steven Hill on Mar 01, 2023

Lowest February inventory since 2006 Consistent with typical seasonal behavior sales, new listings and ...

January 2023: Calgary Housing Market Update

Posted by Steven Hill on Feb 01, 2023

Supply of lower-priced homes remains low for January The level of new listings in January fell to the ...

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.