Category: Uncategorized
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Calgary Market Moves Closer to Balanced Conditions | your*realtor
Home sales ↓ 10% yearly, with 2,380 properties sold. Benchmark price $606,700, ↑ nearly 8% yearly, stable MoM.
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Prices rise as annual Calgary home sales fell nearly 20 per cent in August
In August, Calgary saw 2,186 real estate transactions, a nearly 20% decline from last year's record levels, as the extreme sellers' market conditions eased. The benchmark price for all home types was $601,800, slightly lower than July but up 6.3% from August 2023. New listings increased by 13% to 3,536, with detached home sales down…
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Early-Q3 Calgary Housing: Boom or Bust? | your*realtor
In Alberta, demand remains strong, despite Calgary ↓ 13% yearly in sales. Calgary’s new listings ↓ 9% MoM, and ↓ 4% yearly.
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These Calgary non-profits received $1M in funding to support affordable housing
Ten Calgary non-profits have received $1 million in grant funding from the City of Calgary to support affordable housing projects through The Home Program. This initiative, launched in 2017, has funded over 100 housing projects. Approximately half of the awarded projects focus on housing supports for Indigenous People, Black and Racialized, and equity-deserving populations. The…
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Bank of Canada Cuts Rate to 4.25% | your*realtor
The Bank of Canada cut its key interest rate to 4.25%, the third consecutive cut since June. The rate was lowered by 25 basis points due to easing inflationary pressures.
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What Signals a Healthier Housing Market by End-2024? | your*realtor
Easing Interest Rates: Interest rates are decreasing, boosting buyer confidence and market activity. Average home prices are projected to rise by 1% to 6% by the end of 2024.
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New federal plan for housing unveiled: How does Airdrie fit into this plan?
The federal government has introduced the Canada Public Land Bank as part of the Public Lands for Homes Plan to tackle the housing crisis. This initiative includes 56 federal properties suitable for housing development, with an interactive map available for builders to explore options. Notable properties include sites in Airdrie, Calgary, and Edmonton, with commitments…
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Calgary Rent Cools; But $1M Home Sales Heat Up | your*realtor
Calgary's housing market is seeing cooling rent increases but a surge in $1 million-plus home sales.Calgary's avg rents rose by 4% to nearly $2,100 in June; rental vacancy rates are projected to drop to 1.1% this year.
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Inflation drop reinforces hope for September interest rate cut in Canada
Canada's annual inflation rate dropped to 2.5%, aligning with forecasts and suggesting a potential third interest rate cut in September. The consumer price index report highlighted lower prices in travel, vehicles, and electricity, while shelter costs remain a significant inflation driver, though their growth slowed to 5.7%. The Bank of Canada is expected to continue…
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City of Calgary launches second phase of study on short-term rentals
Calgary is conducting an online survey until the end of September to gather feedback on short-term rental regulations. The Short-Term Rental Study aims to analyze market characteristics, public perceptions, and the impact of short-term rentals on the housing market. The study, in collaboration with the University of Calgary, found a 25% increase in rentals over…