Detached and semi-detached home sales rise, but economic uncertainty remains!

 

City of Calgary, August 4, 2020 –

With higher sales for both detached and semi-detached product, July sales totals rose above last year's levels. Despite the improvements in July, year-to-date sales remain 15 per cent lower than last year's levels.

"There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic levels," said CREB® chief economist Ann-Marie Lurie.

"We are still facing record high unemployment rates, significant government aid, and uncertainty throughout the business community. This will continue in the coming months."  

COVID-19 shutdowns occurred over…

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Courtesy of
Megan Bourque
REALTOR®
587-897-3629

           

Keeping Your Home Cool in the Summer
Tired of the summer heat? Or the high A/C bills that come with it?

Here are some low-cost ways to keep your home cool and comfortable this season:
  • Keep your blinds and drapes drawn during the daytime. (Blackout curtains are best.)
  • Close off unused rooms to keep the cool air more concentrated.
  • Switch your ceiling fans to run counter-clockwise.
  • Swap out your incandescent light bulbs for CFLs. Incandescents emit heat and can make your home warmer.
  • Stick to…

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Media release: COVID-19's impact on Calgary housing market continues!

City of Calgary, June 1, 2020 –

Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary.

May sales totalled 1,080 units, a 44 per cent decline from last year's figures.

"The initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and sellers back to the market. However, this market continues to remain far from normal and prices are trending down," said CREB® chief economist Ann-Marie Lurie.

"Activity has also shifted toward more affordable product, which is likely causing differing trends depending on product type and price range."

Sales are down…

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Media release: Calgary real estate market feeling impact of COVID-19 

City of Calgary, May 1, 2020 –

After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19.

April sales hit 573 units, a decline of 63 per cent over last year.

"The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in the energy sector is causing housing demand to fall," said CREB® chief economist Ann-Marie Lurie.

"Demand is also falling faster than supply. This is keeping the market in buyers' territory and weighing on prices."

Sales activity eased across all price ranges, but the largest declines were for homes priced above $600,000.

…

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Media release: COVID-19 weighing on housing market

City of Calgary, April 1, 2020 –

After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society.

The economic impact is starting to be felt across many industries. This includes the housing market.

March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about social distancing measures. This had a heavy impact on businesses and employment.

“This is an unprecedented time with a significant amount of uncertainty coming from both the wide impact of the pandemic and dramatic shift in the energy sector. It is not a surprise to see these concerns also weigh on…

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Courtesy of
Megan Bourque
REALTOR®
587-897-3629

           

 

4 Spring Cleaning Tips to Keep Your House Sparkling

 

There's no better feeling than a clean, clutter-free house.

Planning a little spring cleaning this season? Here are some tips to help:

  • Declutter and donate first. There's no point in cleaning items you no longer want or use!
  • Start from the top. Begin by dusting the air vents, ceiling fans, and high-up cabinets. Do the floors last.
  • Go room by room. Use a checklist to ensure each space gets a deep clean.
  • Clean your appliances. Vacuum your refrigerator coils, run a load of bleach through your washer,…

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Media release: Home sales see a bump 

 

City of Calgary, March 2, 2020 –

This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s.

With the extra day this February, monthly sales totaled 1,197 units.  A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer-term trends and consistent with the lower levels reported over the past five years.

“However, this should not diminish the fact that conditions are still improving,” said CREB® chief economist Ann-Marie Lurie.

“Calgary is continuing to see slow reductions in the amount of oversupply in the market, from modest changes in demand and reductions in…

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Media release: Calgary’s real estate market in December caps off 2019 with more signs of stability

City of Calgary, January 2, 2019 – December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year.

A stronger second half in 2019 was enough to push annual sales up by one per cent.

“Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market,” said CREB® chief economist Ann-Marie Lurie.

“As oversupply in the market continues to ease, we should start to see more…

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