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Status quo for Calgary’s housing market

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Prices remain similar to last year, but ease in October October’s housing market conditions closely echoed previous month’s trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year. October sales and inventories totaled 1,467 and 6,463 units for a month of supply …

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Housing recovery remains a work-in-progress

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Market sees modest inventory gains, but overall prices inch up Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year.  City-wide sales totaled 1,637 units, six per cent below July 2016 levels. Year-to-date sales activity totaled 11,957 units, nine per cent …

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June spells a gradual recovery

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Stable prices in detached sector signal balanced conditions despite increased inventory Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings. However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent …

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Home prices remained stable in May

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Demand for detached housing continues to rise Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs. “The economic climate is supporting detached housing market recovery,” said CREB® chief economist Ann-Marie Lurie.  “Improved demand and easing supply has created more balanced conditions and ultimately some modest price gains. While it …

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Housing Market Retains Momentum In April

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City-Wide Prices Hold Steady As Labour Market Improves Calgary’s housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year’s levels. “More jobs means less uncertainty for people who are sitting …

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Should I Rent or Buy a Home in Calgary?

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Choosing whether to rent or own a home is not an easy decision. It requires you to carefully examine the factors and costs associated with each option. Which is better? That depends. Your unique economic situation, lifestyle and goals play the largest part in deciding what is better for you. It’s important to go into your calculations with open eyes. …