April 2020 Market Report

2020-05-04T10:55:10-06:00May 4th, 2020|Real Estate Market|

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 [...]

March 2020 Market Update

2020-04-07T12:27:08-06:00April 7th, 2020|Real Estate Market|

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 [...]

Home Sales See a Bump!

2020-03-02T13:25:02-07:00March 2nd, 2020|Real Estate Market|

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 [...]

2020 opens with a slight gain in sales

2020-02-04T10:04:50-07:00February 4th, 2020|Real Estate Market|

City of Calgary, February 3, 2020 – Housing market conditions continue to follow similar trends to last year, with gains in sales. At the same time, there have been further reductions in new listings, inventory and more declines in prices. January sales activity was 863 units, nearly eight per cent higher than last year’s levels. While [...]

Calgary’s real estate market in December caps off 2019 with more signs of stability

2020-01-15T13:21:11-07:00January 15th, 2020|Real Estate Market|

City of Calgary, January 2, 2019 – December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year. A stronger second half in 2019 was enough to push annual sales up by one per cent. “Price declines, lower mortgage rates and some modest improvements in [...]

Would you live in an office tower?

2019-04-12T10:47:48-06:00October 26th, 2017|Real Estate Market|

Calgary REIT switching office building to residential apartments Artis plans to convert Sierra Place on 7 Ave SW into at least 90 residential units JENNIFER FRIESEN / FOR METRO Sierra Place, off of 6 Street SW, is currently Class-C office space but will soon be converted into residential units. By: Brodie Thomas Metro Published on Thu Oct 26 2017 [...]

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