New research reveals what makes condos sell

Construction and design features matter more to buyers than price or age of properties, engineering researchers find

New research reveals what makes condos sellPhysical features such as construction materials, interior finishes and air conditioning are better determinants of how well a condo sells than price or building age, according to a University of Alberta study looking to pinpoint design-related features that increase the probability of a condo’s sale. “We’re trying to provide a framework through which builders can evaluate…

Breathing new life into cities post-COVID-19

New guide shows how planners can revive urban centres by shifting focus of vacant spaces from commercial to cultural

Breathing new life into cities post-COVID-19In the wake of economic fallout from COVID-19, urban centres could see a sharp increase in abandoned spaces as some businesses are forced to close. But vacant space doesn’t have to sit idle, according to a research associate with the University of Alberta’s Wirth Institute. If managed properly, it could spark a cultural revival of sorts,…

Calgary and Edmonton housing most affordable

RBC Economics’ data showed that both Alberta cities had much lower shares of income that a household would need to cover ownership costs

Calgary and Edmonton housing most affordableCalgary and Edmonton continue to be the most affordable housing markets for major Canadian cities. In its first quarter report, Housing Trends and Affordability, RBC Economics’ data showed that both Alberta cities had much lower shares of income that a household would need to cover ownership costs. For Calgary the percentage was 38.1 per cent…

Canadians eager to get back to buying and selling homes

Almost half (44 per cent) of Canadians believe that the real estate market will bounce back to the strength it was before COVID-19 by 2021

Canadians eager to get back to buying and selling homesA new survey says 56 per cent of Canadians who are planning to engage in the real estate market expect to do so in less than a year, showing an eagerness to get back to buying and selling, reported RE/MAX Canada on Tuesday. The survey, conducted by Leger, found: Almost half (44 per cent) of…

Canadian MLS sales see record rebound in May from April

But the May 2020 sales figure was still the lowest level for that month since the mid-1990s, says real estate association

Canadian MLS sales see record rebound in May from AprilHome sales recorded over Canadian MLS systems rebounded by a record 56.9 per cent in May although, that is as a percentage of the weakest month of April on record, reported the Canadian Real Estate Association on Monday. "As such, the May gain constituted a return of only a third of the activity lost between…

Housing starts on a downward decline in Calgary region in May

The number of housing starts in the Calgary region fell by 11 per cent in May from year-ago levels, says the Canada Mortgage and Housing Corporation

Housing starts on a downward decline in Calgary region in MayThe number of housing starts in the Calgary region fell by 11 per cent in May from year-ago levels, according to new data released Monday by Canada Mortgage and Housing Corporation. The federal agency reported that single-detached starts of 262 in the Calgary census metropolitan area for the month was down 11 per cent from…

June MLS sales follow trend of year-over-year decline

As of June 7, the first week of the month has experienced 300 MLS sales which has dropped by 32.89 per cent compared to the same period a year ago

June MLS sales follow trend of year-over-year declineThe pace of activity in Calgary's resale housing market has picked up in June but transactions remain significantly down from a year ago. According to the Calgary Real Estate Board website, as of June 7, the first week of the month has experienced 300 MLS sales which has dropped by 32.89 per cent compared to…

Calgary average home prices have plunged by close to $28,000

The monetary value was the sixth highest in Canada as the company compared average home prices across 20 major markets in the country

Calgary average home prices have plunged by close to $28,000A report released Friday by online real estate platform Zoocasa says average home prices in Calgary have plunged by $27,960, or six per cent, between April and February. The monetary value was the sixth highest in Canada as the company compared average home prices across 20 major markets in the country to get a snapshot…

Canadian housing market starting to wake up with sales rising

The housing market was basically frozen in April. Both sales and new listings were down by just under 60 per cent

Canadian housing market starting to wake up with sales risingThe Canadian housing market is starting to wake up as the volume of activity will rise slowly in the coming weeks, and the real shape of the market will be unveiled, says a new report released Friday by CIBC Economics. “The housing market was basically frozen in April. Both sales and new listings were down…

New housing construction delays and lower sales expected in short term

Annual price movements have been negative since February 2018 in Regina and since July 2018 in Calgary, says Statistics Canada

New housing construction delays and lower sales expected in short termAs the economy gradually begins to reopen, housing construction delays and lower sales activity of new homes are forecasted in the short term, says a new report released Thursday by Statistics Canada.  However, buyer demand is expected to rebound and new housing prices could remain stable or even increase in hot housing markets where demand…
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