Calgary Real Estate Market Update- January 2024

February 1, 2024City Market Highlights: Strong Sales Fueled by Increased Listings January experienced robust real estate sales, with a notable surge to 1,650 units, marking a substantial increase from both the previous year and long-term averages. The upswing was driven by a rise in new listings, reaching 2,137 units, new listings rose for homes priced … Continue reading "Calgary Real Estate Market Update- January 2024"

Calgary Real Estate Market Update - December 2023

January 2, 2024 Strong migration and low supply drive Calgary housing prices in 2023 In 2023, the real estate market experienced a relative ease in sales compared to the previous year’s peak, recording 27,416 sales. Despite this decrease, sales remained considerably higher than pre-pandemic levels. Notably, there was a discernible shift towards more affordable apartment-style […]

Calgary Real Estate Market Update - November 2023

Increased Listings, Strong Sales, and Continued Price Growth In November, the real estate market demonstrated robust performance, marked by a notable surge in new listings, strong sales, and sustained price growth. New listings soared to 2,227 units, representing an impressive 40% increase compared to the same period last year. The surge in listings was widespread […]

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"