Meeting the challenge of an evolving market for new homes

Shane Wenzel talks about how Shane Homes sets itself apart for the housing consumer in Calgary

Meeting the challenge of an evolving market for new homesShane Wenzel is president of the Shane Homes Group of Companies. Calgary’s Business: What's the general feeling in the homebuilding industry about the economy? Wenzel: It’s certainly challenging right now. We experienced a slowdown in sales in 2016 but an upswing in the market in 2017. Things looked like they were going to continue on…

Calgary, Edmonton house prices head in different directions

Edmonton prices were up 0.66 per cent from June and by 0.31 per cent from July 2017. Calgary prices dipped by 0.11 per cent year over year

Calgary, Edmonton house prices head in different directionsCalgary and Edmonton housing markets are headed in opposite directions, according to a new real estate survey released on Tuesday. The monthly Teranet-National Bank National Composite House Price Index, which monitors repeat home sales, showed that prices in Edmonton in July were on the rise while they fell in Calgary. Prices in the capital city…

Abundance of choice in the Calgary real estate market

Alan Tennant, CEO of the Calgary Real Estate Board, says it's a buyers market. Trends toward big data can help customers find exactly what they want

Abundance of choice in the Calgary real estate marketAlan Tennant is CEO of the Calgary Real Estate Board. Calgary’s Business: How would you describe the residential real estate market in Calgary this year? Tennant: This year’s market has seen its share of challenges. With easing sales, an increase in new listings and a drop in sales activity, we are firmly entrenched in what…

Brookfield Residential to build unique housing development at University District

The concept combines the spacious layout and flow of a single-level home with the appeal of condo life

Brookfield Residential to build unique housing development at University District  Brookfield Residential is bringing a new real estate concept to the growing University District mixed-use development. The company, along with West Campus Development Trust, which is overseeing the neighbourhood development on University of Calgary land, announced on Thursday its new Capella project. Preliminary plans call for about 92 condo units in one building and…

Calgary, Edmonton new home prices rise higher than Canadian average

Nationally, new house prices edged up 0.1 per cent in June, largely due to rising construction costs across the country

Calgary, Edmonton new home prices rise higher than Canadian averageNew house prices in both Calgary and Edmonton rose at a higher pace in June than the national average. According to Statistics Canada’s New Housing Price Index, which was released on Thursday, prices for new homes in June were up 0.3 per cent in Calgary and 0.2 per cent in Edmonton from May. Nationally, new…

Buyers’ markets for real estate in Calgary, Edmonton

MLS sales for Calgary down 9.9% from a year ago, Edmonton down 2.7%: Conference Board of Canada

Buyers’ markets for real estate in Calgary, EdmontonA report by the Conference Board of Canada says short-term year-over-year price change expectations for the Calgary and Edmonton housing markets are “falling.” Nationally, the only other areas described in that way were Regina, Saskatoon and Newfoundland. In its monthly Metropolitan Resale Snapshot, the board classified Calgary and Edmonton as being in buyers’ markets. It…

Moderate vulnerability for Calgary’s housing market: CMHC

Evidence of overbuilding remains, but some of the excess inventory is being bought up

Moderate vulnerability for Calgary’s housing market: CMHCEvidence of overbuilding remains high in Calgary, but the peak inventory count for apartment units, the largest share of inventory, occurred in December 2017. It has since declined, according to the latest Housing Market Assessment report by Canada Mortgage and Housing Corp. The report, released Thursday, said Calgary’s market had a “moderate” degree of vulnerability…

Mainstreet Equity reports ‘promising’ results

Rental revenue increases, vacancy rate drops despite lingering economic uncertainty in Alberta

Mainstreet Equity reports ‘promising’ resultsCalgary-based Mainstreet Equity Corp. saw rental revenue increase and its same asset vacancy rate drop in the third quarter of its fiscal year. The company, which is an add-value, mid-market consolidator of apartments in Western Canada, reported on Tuesday that rental revenue increased 11 per cent to $29.3 million in the quarter, which ended June 30.…

Calgary MLS sales continue to slide

But the median price of $421,500 is up 0.6% year over year and the average MLS sales price has increased by 2.45% to $488,402

Calgary MLS sales continue to slideThe slide in Calgary’s resale housing market continues. About halfway through July, MLS activity remains the way it’s been for awhile this year – decreased sales and increased listings defining the real estate industry. As of July 15, MLS sales of 711 were down 7.54 per cent compared with the same period a year ago,…

New home prices remain stable in Calgary, Edmonton

New house prices rose 0.9% year over year in May across Canada, the smallest increase since February 2010: StatsCan

New home prices remain stable in Calgary, EdmontonNew home prices in Calgary and Edmonton remained relatively stable in May, according to Statistics Canada. The federal agency reported on Thursday in its New Housing Price Index that prices in Calgary were down 0.1 per cent from April but remained the same in Edmonton. On an annual basis, new home prices in Calgary were…