City of Calgary, February 1, 2021 –

January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021.

Sales activity improved across all product types and across all price ranges.

“Discount lending rates are exceptionally low, which is likely attracting all types of buyers back into the market,” said CREB® chief economist Ann-Marie Lurie.

“New listings in the market were also slightly higher than what was available over the past two months, which is providing more options to purchasers.”

January’s new listings were 2,246 relative to the 1,208 sales in the market, causing inventories to edge up over December levels. These types of movements are typical…

383 Views, 0 Comments

Read Full Post

Calgary, Jan. 26, 2021 – In 2020, housing markets across the country surprised many with a stronger-than-expected rebound in the second half of the year despite record-high unemployment rates and significant job losses.

Calgary did not hit record-high sales or prices in the third or fourth quarters, but still posted some of the strongest sales relative to the past five years. This was nearly enough to offset the initial losses recorded during the first shutdown caused by the pandemic.

“It is expected some of the momentum recorded at the end of 2020 will continue into 2021, fueled by exceptionally low lending rates and pent-up demand,” said Ann-Marie Lurie, CREB® Chief Economist.

“While sales are expected to rise by nearly five per cent on…

364 Views, 0 Comments

Read Full Post

When you think about selling your property, do you dwell on the possible work
and stress involved? You're not alone. Many homeowners share the same
concerns.
But it doesn't have to be that way.
In fact, there are plenty of ways to add some fun, anticipation, and even a
sense of adventure to the selling process. Here are just a few ideas:
1. Plan fun things to do when your home is being shown. That can include
walks, sports activities, or trying something you and your family have
never done before.
2. Declutter for your own benefit. Instead of thinking about decluttering as a
chore required for the sale, focus instead on how much more
comfortable your home will be after decluttering. Studies consistently
show that less clutter reduces stress and increases a sense…

395 Views, 0 Comments

Read Full Post

Congratulations to our sellers on the sale of their apartment. What a beautiful view in this one!

329 Views, 0 Comments

Read Full Post

If you’re going to be out-of-town but need to sell your home, you might be
concerned about listing your property while you’re away. After all, you won’t
be around to show your property, schedule viewings, consider offers, etc.


While it’s ideal that you be close to home when you’re selling, there’s no
reason why you can’t list your property, even if you’re going to be out-of-town.
When it comes to communications and document sharing, technology is a
wonderful thing! While you’re away, you can utilize phone, email, file sharing
apps (such as Dropbox), e-signing apps (such as DocuSign) and, online
meeting apps (such as Zoom).


For viewing appointments, a secure lockbox (with your key inside) can be
installed so buyers can be shown your property.


Even…

352 Views, 0 Comments

Read Full Post

City of Calgary, January 4, 2021 –

With December sales of 1,199, this is the highest December total since 2007.

"Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing activity like we saw in the earlier part of the year," said CREB® chief economist Ann-Marie Lurie.

Attractive interest rates along with prices that remain lower than several years ago have likely supported some of the recovery in the second half of the year. However, it is important to note that annual sales activity declined by one percent compared to last year and remain well…

367 Views, 0 Comments

Read Full Post

If you’re thinking about selling in the spring, don’t wait until the new year to
start planning. In fact, you’ll save yourself a lot of work and get ahead of the
game if you start planning now.
What’s that old saying? The early bird gets the worm! In this case, by starting
the process this month, you’ll be in excellent shape when you’re ready to list in
the spring.
Here are just a few examples of what you can do in December to get the
process started:
- Walk your property and note any maintenance issues that need attention.
- Decide which items to stow or sell to declutter your home.
- Determine what improvements you’ll need to make in order for your home
to look great to buyers (i.e. painting.)
- Find out approximately how much your property will likely sell for…

449 Views, 0 Comments

Read Full Post

City of Calgary, December 1, 2020 –

For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.

Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over three per cent lower than last year's levels.

New listings continue to slow, reducing inventory in the market. On a year-to-date basis, new listings have eased by nearly ten per cent and are at the lowest level recorded since 2001. This has reduced the oversupply that has been impacting the market for nearly five years.

"The gains in sales in the latter part of this year have been a bit surprising considering the…

387 Views, 0 Comments

Read Full Post