December Preferred Client Update

December 5th, 2016
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Are Sales Numbers Returning to Normal?

Calgary's housing market saw a much-needed boost in October compared to the same month a year before, according to numbers recently released by the Calgary Real Estate Board. There were 1,644 units sold citywide—marking a 16% increase over October 2015. The biggest jump came from sales of detached homes valued between $300,000 and $400,000.

The move m ...

November sales slide into old patterns (CREB report)

December 4th, 2016
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Coming off a month of stronger sales activity, November's housing market returned to previous trends. Year-over-year monthly sales totaled 1,227 units, which is nearly three per cent lower than last year and 17 per cent below long-term averages.

"November was the first full month with CMHC's new lending rules in effect," said CREB® chief economist Ann-Marie Lurie. "As suspected, the ga ...