April 2019 Sees Fewer New Listings and a Slight Increase in Total Sales

Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balanced, and 4 or over becomes a buyer’s market) City of Calgary – 4.6 months of

event_note
close

Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balanced, and 4 or over becomes a buyer’s market) City of Calgary – 4.6 months of

Read more

February Numbers Improved, but the Market Needs Buyer Demand!

As we move into 2019 the continued slow economic growth and job uncertainty in Alberta are reflected in higher inventories and not enough buyer demand.  Any pick up in job growth and economic optimism that

event_note
close

As we move into 2019 the continued slow economic growth and job uncertainty in Alberta are reflected in higher inventories and not enough buyer demand.  Any pick up in job growth and economic optimism that

Read more

Slower Start for 2019, but Recent Activity Picking Up!

The Calgary and Area Real Estate market had a slow start in January, but the recent activity over the first couple of weeks in February are painting a bit better picture.  The numbers are improving

event_note
close

The Calgary and Area Real Estate market had a slow start in January, but the recent activity over the first couple of weeks in February are painting a bit better picture.  The numbers are improving

Read more

July 2018 Continued with Weaker Demand – But the Numbers are Starting to Stabilize

The summer months continue the trend of weaker demand caused by slower job growth, interest rate increases, and continued government policies looking to “cool” the Canadian housing market.  While the numbers still indicate a clear

event_note
close

The summer months continue the trend of weaker demand caused by slower job growth, interest rate increases, and continued government policies looking to “cool” the Canadian housing market.  While the numbers still indicate a clear

Read more

May Brought Us a Big Increase in New Listings While Demand Still Drags

The month of May saw a dramatic increase in new listings coming onto the market while the demand stayed very flat. In June, we are seeing the new listing count very similar to last June,

event_note
close

The month of May saw a dramatic increase in new listings coming onto the market while the demand stayed very flat. In June, we are seeing the new listing count very similar to last June,

Read more

First Quarter of 2018 – Slower Sales Pace

The first quarter of 2018 saw a persistent slower pace of sales versus 2017.  Much of this is attributed to the mortgage rule changes that came into effect January 1, 2018.  This rule change caused

event_note
close

The first quarter of 2018 saw a persistent slower pace of sales versus 2017.  Much of this is attributed to the mortgage rule changes that came into effect January 1, 2018.  This rule change caused

Read more

More Stability in 2018

The projections have come out for 2018 and it looks like we will have more of what 2017 offered us in the Calgary and Area real estate market. Projections are for prices to remain stable,

event_note
close

The projections have come out for 2018 and it looks like we will have more of what 2017 offered us in the Calgary and Area real estate market. Projections are for prices to remain stable,

Read more

2017 Year End Thoughts – What is Ahead for 2018?

“Big John’s” Thoughts on the Calgary Real Estate Market January 2018 Looking back on 2017, it truly was the year of stabilization.  All the key indicators stabilized through the year, we have broken down the

event_note
close

“Big John’s” Thoughts on the Calgary Real Estate Market January 2018 Looking back on 2017, it truly was the year of stabilization.  All the key indicators stabilized through the year, we have broken down the

Read more

“Big John’s” Thoughts on the Calgary Real Estate Market December 2017

November Sales Improve The month of November saw a little bump in the number of sales, representing a 15% increase in the number of sales from 2016.  Much of this is likely a result of

event_note
close

November Sales Improve The month of November saw a little bump in the number of sales, representing a 15% increase in the number of sales from 2016.  Much of this is likely a result of

Read more

“Big John’s” Thoughts on the Calgary Real Estate Market (July 2017)

June Continues to Show Signs of Stability The Calgary and Area real estate market continues to show signs of stability.  The single family detached market is doing quite well in the starter and first move

event_note
close

June Continues to Show Signs of Stability The Calgary and Area real estate market continues to show signs of stability.  The single family detached market is doing quite well in the starter and first move

Read more