In a sign of rising optimism about Calgary’s housing market, a number of condo towers in the city’s centre are moving ahead – including two that stalled with the economy, with shovels already in the ground. “It’s all very positive,” says David Watson, the city’s general manager of planning, development and assessment. “It says to …
Category Archive: Real Estate Market
Jul
07
Calgary new home prices flat
New home prices in the Calgary census metropolitan area remained unchanged from a year ago in May, according to Statistics Canada’s New Housing Price Index released Thursday. The federal agency also said prices were up slightly, by 0.4 per cent, from April in the Calgary region. Across Canada, Statistics Canada said new home prices rose …
Jul
06
Vancouver Housing Market Trends towards Balance
Home sellers outpaced buyers on Greater Vancouver’s Multiple Listings Service® (MLS®) in June, drawing the market back toward balance this summer. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 3,262 in June, a 9.8 per cent increase compared to the 2,972 sales in …
Jul
04
Calgary MLS Sales Soar in June
Calgary’s residential real estate market experienced a significant upswing in sales in June compared with a year ago. Single-family MLS sales during the month were 1,398, up 31.72 per cent from June 2010’s 1,061 transactions, according to preliminary, unofficial MLS numbers by local realtor Mike Fotiou, of First Place Realty. And for the first time …
Jul
01
Edmonton Real Estate May 2011
The local real estate market is looking up according to the current statistics released by the REALTORS® Association of Edmonton. The average residential sales price is up, the price of a single family detached home or a condo is up, number of sales is up and inventory is up over the previous month. “Local market …
Jun
30
Calgary MLS sales top year-ago levels
For the first month since April 2010, MLS sales in both the single-family and condominium markets in Calgary will show year-over-year increases in June. According to preliminary data by realtor Mike Fotiou, of First Place Realty, from June 1 to June 28, there were 1,267 single-family MLS transactions in the city and 531 condo sales, …
Jun
29
Canadian housing bubble close to bursting: Capital Economics
Canada’s housing bubble is now close to bursting as housing valuations have “lost touch with fundamentals” and household debt is at a record high, says a report by Capital Economics. The report says it fears that house prices could fall by as much as 25 per cent over the next three years. “House prices have …
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