December 2020: Amidst economic challenges, housing market ends 2020 on a high note 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,” said CREB® chief [...]
November 2020: sales activity remains strong in November 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 [...]
October 2020: detached homes drive Calgary sales growth With strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23 per cent increase over last year and well above longer-term averages. The gain in citywide residential sales outpaced the growth in new listings, supporting tighter market conditions [...]
Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary. May sales totalled 1,080 units, a 44 per cent decline from last year's figures. "The initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and [...]
After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63 per cent over last year. “The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in [...]
After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society. The economic impact is starting to be felt across many industries. This includes the housing market. March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about [...]
Someone asked me the other day. They said "Pete, why are mortgage rates going up when the Bank of Canada is bringing rates down?" I am going to answer that question for you and a couple more with Scott Grubbe. I want to talk to Scott a little bit about what's going on in [...]
Before you go shopping for a house it's important to get pre-approved for the right mortgage. Today I’m gonna be talking to Scott Grubbe of Kardia Mortgages about, how to do that. Pete: Hey Scott. Scott, you've been a mortgage broker for how long? Scott: I've been a mortgage broker for six years and I [...]
Today I want to talk to you about for sale by owner or as realtors we call them FSBO’s. It's gonna be a little bit longer, but hang on I think you'll find this valuable. What we talk about the real estate is that, there's really only four kinds of buyers. We're gonna call them [...]
City of Calgary, March 2, 2020 – This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s. With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23 per cent improvement over last [...]