December 2018Calgary Real Estate Market Summary
Job market weakness and lending restrictions a common thread in 2018’s housing market CREB Media Release, City of Calgary, January 2, 2019 As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December. “Persistent weakness in the job market [...]
Calgary GDP Growth
Calgary 2018 GDP Growth & Forecast Stats Gross domestic product (GDP) growth is an estimate of economy health for a particular region. Calgary CMA GDP numbers are updated every three months and often trail behind the current date. If we are in the initial quarter of the year, estimates for the third quarter of last year would be [...]
Calgary Population
Calgary 2018 Population Statistics & Information Calgary population growth consists of natural increases and net migration. The amount of new migrants has a strong influence on housing demand. Numbers for Calgary are updated on a yearly basis. Typically, forecast updates are performed two to three times a year. Data used includes info supplied by the [...]
Calgary Housing Starts
Calgary Housing Starts Stats for Sept 2018 The amount of new home activity may impact the resale home market, making it a great trend to keep up on. Data is put together by the Canada Mortgage and Housing Corporation (CMHC). Forecast info is arranged by the Conference Board of Canada and is updated three times per [...]
Challenging economic conditions continue to impact the resale market CREB Media Release, City of Calgary, December 3, 2018 Sitting below long term averages, November sales in the city totaled 1,171 units. For the year so far, sales activity has totaled 15,349 units, a 14 per cent decline over last year and nearly 20 per cent [...]
Calgary Employment Stats
Calgary September 2018 Employment Stats The employment market can definitely impact housing demand. Employment stats for the Calgary Census Metropolitan Area (CMA) are collected by Stats Canada and are updated every month. The forecast info provided by the Conference Board of Canada, and is updated every four months. #cms_button_5c4789bb38185 .btn:hover:before { background-color: !important; } #cms_button_5c4789bb38185 .btn:hover { [...]
Oversupplied market weighs on prices CREB Media Release, City of Calgary, November 1, 2018 Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market. Citywide benchmark prices totalled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent. “Job [...]