Calgary real estate prices decline in fourth quarter

The aggregate home price in Calgary decreased 2.3 per cent year-over-year to $469,916 in the fourth quarter of 2019

Calgary real estate prices decline in fourth quarterRecovery of Calgary's real estate market has been slow and home prices declined in the fourth quarter of 2019, says a report released Thursday by Royal LePage. The real estate company's House Price Survey said the aggregate home price in Calgary decreased 2.3 per cent year-over-year to $469,916 in the fourth quarter of 2019. However, in the last…

House prices to edge up in Calgary, Edmonton in 2020

Prices began to stabilize on a quarter-over-quarter basis in 2019 and should edge up slight in 2020, says Royal LePage

House prices to edge up in Calgary, Edmonton in 2020Home prices have stabilized in the prairie provinces, and are expected to improve slightly in Calgary and Edmonton, according to two reports released this week. The Canadian Real Estate Association reported Monday that the benchmark price – which is the typical price of a home in a market – was down across Calgary, Edmonton, Saskatoon…

Real estate sales in Alberta at lowest level since 2010: AREA

There were drops in all regions except Fort McMurray and south central Alberta, reports the Alberta Real Estate Association

Real estate sales in Alberta at lowest level since 2010: AREAThe real estate industry in Alberta saw year-over-year sales declines in November, with low volumes now at a five-year trend and the worst since 2010, the provincewide association reports. There were drops in all regions except Fort McMurray and south central Alberta, reports the Alberta Real Estate Association (AREA). A total of 3,525 units were…

Cannabis real estate buzz falls short in Calgary, Edmonton

Investors anticipated that the legalization of cannabis would drive both sales and prices up in the commercial real estate market. It hasn't happened

Cannabis real estate buzz falls short in Calgary, EdmontonExpectations of cannabis carrying the commercial market in the West to new highs in 2019 were just a hallucination, according to a new report from the Re/Max realty firm. Investors anticipated that the legalization of cannabis would drive both sales and prices up in the commercial real estate market this year, said Elton Ash, regional…

Home prices in Alberta off 3.1% since 2015

The average price of a new home in Alberta was down by 1.7 per cent in September compared to a year earlier.

Home prices in Alberta off 3.1% since 2015Persistent uncertainty in the Alberta economy continues to impact the homebuilding industry. The good news for consumers is that prices of new homes are falling. Not so good news, though, for homebuilders as they struggle with a lower demand environment. According to Statistics Canada data, the average price of a new home in Alberta was…

House prices continue to fall in Calgary/Edmonton regions

The benchmark price fell by 2.37 per cent in Calgary and by 2.36 per cent in Edmonton in October from year ago levels.

House prices continue to fall in Calgary/Edmonton regionsHome prices continue to fall in Calgary and Edmonton, according to the latest monthly report by the Canadian Real Estate Association. In a report released Friday, the association said the benchmark price - which is the price of a typical home in the market - fell by 2.37 per cent in Calgary and by 2.36…

Edmonton multi-family home market sluggish

Urban Analytics report says price reductions or price-reducing incentives may be needed

Edmonton multi-family home market sluggishDespite recording a 43 per cent sales increase in the second quarter of 2019, the Edmonton multi-family home market experienced a 20 per cent drop in total sales in the third quarter of the year, says a new report by real estate research firm Urban Analytics. “While Edmonton’s new multi-family home market was able to…

Housing starts on the rise in Calgary, Edmonton

Across Alberta, single-detached starts were up 11%, according to CMHC

Housing starts on the rise in Calgary, EdmontonThere was good news in the Calgary and Edmonton region homebuilding industry in October as housing starts were on the rise during the month. A report by Canada Mortgage and Housing Corp. indicates that single-detached starts of 282 were three per cent higher than a year ago and ‘all other’ starts jumped by 30 per…

Alberta rents among the most affordable in Canada: report

Alberta rents among the most affordable in Canada: reportAlberta cities are among the least expensive when it comes to residential rental property in the country, according to a new report. The average Canadian property was listed for $1,954 per month in September just topping the previous high-water mark for the year of $1,953 in June, according to the October National Rent Report produced…

Calgary, Edmonton lead major markets for housing affordability

RBC report shows the proportion of pre-tax household income that would be required to buy a home across the country

Calgary, Edmonton lead major markets for housing affordabilityA new report by RBC Economics shows that Calgary and Edmonton are the most affordable housing markets of major centres in the country. The bank’s Housing Trends and Affordability report indicates that the two Alberta cities have the lowest percentage share of income a household would need to cover homeownership costs. The RBC Housing Affordability…
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