New home prices remain flat in Calgary/Edmonton regions

StatsCan said prices across the country were unchanged for a second consecutive month despite increases in some pockets

New home prices remain flat in Calgary/Edmonton regionsNew house prices remained fairly flat in September for the Calgary and Edmonton regions, according to a new report released on Thursday by Statistics Canada. The federal agency’s New Housing Price Index said prices in the Calgary census metropolitan area were down 0.2 per cent from August and flat in the Edmonton census metropolitan area.…

Alberta homebuilders experience slower October

Starts were down 28% in the Calgary region and off by 40% in the Edmonton region and across the rest of the province

Alberta homebuilders experience slower OctoberOctober was a much slower month for homebuilders across the province. A report released by Canada Mortgage and Housing Corp. on Thursday said overall starts in October were down 28 per cent in the Calgary region, off by 40 per cent in the Edmonton region and declined by 40 per cent across the province. Calgary…

Buying, enhancing and holding real estate

Anthony Giuffre of Avenue Living Asset Management talks about learning to succeed by running under the feet of the giants

Buying, enhancing and holding real estateAnthony Giuffre is founder and CEO of Avenue Living Asset Management. Tell me how Avenue Living started. Giuffre: In the mid-2000s, my business partner and I were reviewing multi-family real estate investment. There were already some major success stories in the buy, enhance value and hold arena, like Boardwalk Real Estate Investment Trust, Mainstreet Equity…

Slower sales, lower prices linger for Calgary resale housing market

The economy is moving in a positive direction, but the house market is slow to respond, according to CREB statistics

Slower sales, lower prices linger for Calgary resale housing marketWondering what's happening in the Calgary resale housing market these days? Here's a sneak preview of what to expect on Thursday when the Calgary Real Estate Board officially releases its monthly MLS stats package for October. And it's more of the same following a pattern that has been set this year: lower sales, elevated listings…

Third of Canadians uncertain when buying a home

Concerns about affordability, paying too much, rising interest rates and mortgage qualification top the list: CMHC

Third of Canadians uncertain when buying a homeBuying a home can be a daunting experience for many people. A new survey, released on Thursday by Canada Mortgage and Housing Corp., backs that sentiment up. The agency’s annual Mortgage Consumer Survey said 37 per cent of homebuyers continue to feel concern or uncertainty when buying a home, adding that concerns related to affordability…

Calgary, Edmonton new home prices trend downward

StatsCan said builders in 18 of the 27 census metropolitan areas across the country reported flat or decreasing prices in August

Calgary, Edmonton new home prices trend downwardNew home prices in the Calgary and Edmonton regions were on the decline in August, according to Statistics Canada. The federal agency report on Thursday in its New Housing Price Index that prices fell by 0.4 per cent from July in the Calgary census metropolitan area and by 0.5 per cent in the Edmonton metropolitan area.…

September slow month for Alberta homebuilders

Total starts across the province were down 24%; across Canada, starts fell by 11%

September slow month for Alberta homebuildersSeptember was a slow month for homebuilders across Alberta, particularly in Calgary and Edmonton. Data released on Tuesday by Canada Mortgage and Housing Corp. said total housing starts for the month in the Calgary census metropolitan area fell by nine per cent year over year to 834 units while they dipped by 45 per cent…

Real estate markets in surrounding areas mirror Calgary reality

Airdrie, Cochrane and Okotoks all face slowing sales and increases in new listings

Real estate markets in surrounding areas mirror Calgary realityCalgary’s resale housing market has been characterized this year by a lessening of demand in an environment featuring an elevated number of homes listed for sale. But the same story is being written in the real estate market just outside the city. In a report released this week, the Calgary Real Estate Board said Airdrie…

Calgary resale home prices dip in September

MLS listings of homes on the market increase, sales continue sluggish pace

Calgary resale home prices dip in SeptemberSeptember continued to follow this year's Calgary resale housing market pattern. Once again, MLS sales in the city struggled as the number of homes on the market increased, sending prices downward. According to the Calgary Real Estate Board website, unofficial stats from September, show that sales of 1,272 for the month were down 12.88 per…

Hard times for Calgary’s luxury home market

Industry and consumer confidence faltering in light of the city’s rising unemployment rate

Hard times for Calgary’s luxury home marketCalgary’s luxury home market is confronting new economic headwinds that that threaten its recovery this fall, says a new report by Sotheby’s International Realty Canada. Brad Henderson, President and CEO of Sotheby’s, said recovery in Calgary’s top-tier real estate market has remained unsettled, in parallel to the city’s economic progress. In recent months, industry and…