Proposed Act Aims to Restrict Non-Canadian Ownership of Residential Property

Introduction:In an effort to address the challenges faced by the Canadian housing market, the Canadian government has proposed a new act that seeks to regulate and restrict the purchase of residential property by non-Canadians. The act, known as the “Prohibition on Purchase of Residential Property by Non-Canadians Act,” aims to strike a balance between foreign … Continue reading "Proposed Act Aims to Restrict Non-Canadian Ownership of Residential Property"

Calgary Real Estate Market Update - April 2023

MAY 1, 2023 Prices rise to a new record level. Home prices were under additional upward pressure in April as a result of the ongoing seller’s market. After four months of consistent increases, the overall unadjusted benchmark price increased to $550,800, a new monthly high for the city and about 2% higher than last month. […]

Calgary Real Estate Market Update - March 2023

MARCH HOUSING MARKET UPDATEPrices increase as conditions suit the seller Sales and new listings are now higher than they were at the start of the year. As a consequence, some anticipated monthly inventory level gains were supported by the difference between sales and new listings. The months of supply were just above one month, solidly […]

Calgary Real Estate Market Update - February 2023

FEBRUARY HOUSING MARKET UPDATE Lowest February inventory since 2006 Sales, new listings, and inventory levels all trended up compared to last month, in line with expected seasonal activity. With only a modest increase over the previous month, inventory levels were among the lowest for February since 2006 with 1,740 sales and 2,389 new listings. “While […]