Category: Uncategorized
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Calgary Home Sales Drop Amid Rising Listings in Mid-Q3 | your*realtor
Calgary’s August Real Estate sales totalled 2,186, ↓ 19.5% decrease compared to the previous year. New listings in August reached 3,536, marking ↑ 13% yearly increase, easing market pressure.
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Calgary Real Estate Is on Fire | your*realtor
Calgary outperforms other Canadian cities in Real Estate with rapid growth and better affordability. Home affordability in Calgary improved in early 2024, with lower mortgage payments compared to other major cities.
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Housing sales down, new listings on the rise in Calgary
Real estate sales in Calgary decreased by 19.5% year-over-year in August, with 2,186 sales recorded, while new listings rose by 13% to 3,536. The market is shifting from a seller's market due to increased new home construction and listings, although supply remains low for lower-priced properties. The benchmark home price increased to $601,800, up 6.3%…
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Calgary housing market saw slowing sales and balanced conditions in August
In August, Calgary home sales fell to 2,186, a 19.5% decrease from last year, though still 17% above long-term averages. New listings slightly decreased to 3,536, resulting in a months of supply of 2.05, the highest since late 2022. The unadjusted residential benchmark price reached $601,800, a 6% increase year-over-year. Detached home sales dropped by…
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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.