SEPTEMBER HOUSING MARKET UPDATE
Oct. 3, 2022

Demand shifting to more affordable options

Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year.

However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September. Despite recent pullbacks in sales, and thanks to strong levels earlier in the year, year-to-date sales remain 15 per cent higher than last year’s levels.

“While demand is easing, especially for higher priced detached…

192 Views, 0 Comments

Read Full Post

Congratulations to our sellers on this quick sale! On to new adventures! We are so thrilled for them!

 

Congratulations to our sellers on this quick sale

158 Views, 0 Comments

Read Full Post

 

Just Listed!

22 Sage Hill Way NW, Calgary, $649,900 MLS A1257874, Phenomenal 2 Storey Family Home, Over 2700 Sq. Ft of Living Space Fully finished basement 3 bedrooms 3.5 bathrooms Double attached garage! Close to schools, parks and walking paths! Call/text Yasin @ 403-681-0319 for more info or to book your
Showing!

 

 

305 Views, 0 Comments

Read Full Post

OPEN HOUSE: SUNDAY SEPTEMBER 18TH, FROM 12:00-2:00PM

$999,900 MLSA1255874, 261220 Valley View Road, Calgary, 6 Acres, Meticulously maintained fully developed bungalow, 3 bedrooms up, 2 bedrooms down3 full bathrooms, Triple car garage, Plus 24x30 shop, many mature trees and just on the outskirts of Calgary!

 Call/message us for more details: 403-681-0319

273 Views, 0 Comments

Read Full Post

 

FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario September 7, 2022

The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative tightening.

The global and Canadian economies are evolving broadly in line with the Bank’s July projection. The effects of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine continue to dampen growth and boost prices.

Global inflation remains high and measures of core inflation are moving up in most countries. In response, central banks around the world continue to tighten monetary policy. Economic activity in the United States has moderated,…

213 Views, 0 Comments

Read Full Post

City of Calgary, September 1, 2022 – August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.

“While higher lending rates have slowed activity in the detached market, we are still seeing homebuyers shift to more affordable options which is keeping sales activity relatively strong,” said CREB® Chief Economist Ann-Marie Lurie. “This makes Calgary different than some of the larger cities in the country which have recorded significant pullbacks in sales.”

At the same time, new…

163 Views, 0 Comments

Read Full Post