August 2024 housing and rental statistics in Calgary, Airdrie, and Chestermere August 2024 Housing and Rental Statistics in Calgary, Airdrie, and Chestermere Calgary’s housing market is experiencing notable changes as it transitions from the extreme sellers’ conditions of the spring. August brought a rise in inventory levels to 4,487 units—an increase of 37% from the previous year, yet still 25%...
July 2024 housing and rental statistics in Calgary, Airdrie, and Chestermere As the bustling spring market winds down, July has brought some notable changes in Calgary's real estate landscape. With 2,380 sales and 3,604 new listings, the sales-to-new listings ratio has decreased to 66%, contributing to an increase in inventory. For the first time in nearly two years, inventories have surpassed 4,000...
June 2024 housing and rental statistics in Calgary, Airdrie, and Chestermere As we step into the second half of the year, the Calgary real estate market continues to show dynamic changes. June brought both challenges and opportunities, with significant insights into sales trends, pricing, and inventory levels. Let's dive into the details and understand what these mean for buyers and sellers...
What impact might the Bank of Canada's recent interest rate reduction have on Calgary's seller's market? In a significant move, the Bank of Canada has reduced its policy rate by 25 basis points. This decision is poised to have far-reaching effects on the Canadian economy, particularly in the vibrant real estate market of Calgary. In this blog, let’s explore the implications of this rate cut and what it...
May 2024 housing and rental statistics in Calgary, Airdrie, and Chestermere In May, Calgary's real estate market witnessed a total of 3,092 resale home sales, showcasing a nearly one percent decrease compared to the previous year's record high. However, this figure remained 34 percent higher than long-term trends for the month, highlighting the market's underlying strength. The decline in sales was...
If you're a first-time home buyer in Canada, navigating the complexities of the real estate market and mortgage options can be daunting. The recent announcement by the federal government to extend the amortization period for mortgages from 25 to 30 years has likely caught your attention. This decision has significant implications for individuals like yourself who are considering taking the leap into...
April 2024 housing and rental statistics in Calgary, Airdrie, and Chestermere In April 2024, Calgary's real estate market continued to favor sellers, with conditions driving further price gains across all property types and districts. The persistent seller's market, coupled with low inventory levels and high demand, has led to substantial year-over-year price increases, particularly in the more affordable...
How to prepare your home for a quick sale? In Calgary's bustling real estate market, selling your home quickly can seem like a daunting task. However, with the right strategies and expertise, it's entirely achievable. At Team Singh YYC, we understand the nuances of the Calgary real estate market and are here to guide you through the process. Whether you're a seasoned seller or a first-time homeowner...
March 2024 housing and rental statistics in Calgary, Airdrie, and Chestermere March witnessed an extraordinary surge in Calgary's real estate market, marked by robust seller's market conditions and significant price escalations across various property segments. Notably, in March, the unadjusted total residential benchmark price rose to $597,600, reflecting a notable two percent gain over the previous...
Why should you hire a realtor? Are you considering a real estate venture and contemplating whether to navigate it alone or enlist the help of a professional? In this blog, we'll delve into the pivotal question: Why should you hire a realtor? The real estate landscape can be complex, and having a knowledgeable guide by your side can make a substantial difference. Let's explore the reasons why...