calgary real estate

Calgary Real Estate Market: December 2018

Calgary Real Estate Market: December 2018

The REALTORS® at Renzo Real Estate, a Calgary real estate brokerage and team brings you the real estate market info, news, trends and predictions for December 2018.

In November 2018, new listings slowed across most sectors, however, the decrease in the home sales was more pronounced. This lead to continued rising inventory in the detached and attached sector. For condos, inventory came down slightly when comparing to this time last year, but prices have continued to fall.

Learn more about the Calgary real estate market and about selling in the winter months.

Calgary Real Estate Market: November 2018

Calgary Real Estate Market: November 2018

Calgary real estate and housing market for November 2018. Brought to you by REALTORS® at Renzo Real Estate (Brokerage) in Calgary, Alberta.

Moving into November is always an interesting month in Calgary real estate as we are beginning to move out of the fall months and into the winter months. It is a transition month where we can see some natural shifts in buying patterns. From a market standpoint, it is common to see persistent sales in the fall as buyers work to lock down a property before the snowy season. Once we move into the winter months, sales usually drop off, as do listings.

Calgary Real Estate Market: September 2018

Calgary Real Estate Market: September 2018

Calgary real estate and housing market for October 2018. Brought to you by REALTORS® at Renzo Real Estate (Brokerage) in Calgary, Alberta.

The Calgary housing market continues to see a decrease in sales and an increase in inventory levels with some notable changes in the detached market, apartment sector, and semi detached market. Learn more about setting yourself up for success with buying or selling real estate in Calgary.

Calgary Real Estate Market: August 2018

Calgary Real Estate Market: August 2018

Calgary real estate and housing market for August 2018. Brought to you by REALTORS® at Renzo Real Estate in Calgary, Alberta.

The Calgary housing market continues to see a decrease in sales and an increase in inventory levels. Learn more about setting yourself up for success with buying or selling real estate in Calgary.

Calgary Real Estate Forecast 2018

Welcome to Renzo Real Estate's quick recap of The Calgary Real Estate Board's (CREB) Forecast for 2018. This year is expected to be very similar to 2017 with modest growth. 

Throughout the forecast, CREB's highly regarded, chief economist, Ann-Marie Lurie, highlighted that we are on a "bumpy" recovery. The ups and downs of the real estate market are no stranger to Calgarians, however, this recovery is expected to be much more gradual than in previous years. 

This is perfectly displayed in net migration patterns. Net migration is one of the strongest indicators of price growth in real estate markets. Have a look at Calgary's expected net migration. 

Calgary Net Migration

In 2010, there was a sharp decrease in net migration and sales eased dramatically, but look at the instant rebound in 2011. 

In 2016, there was another year of negative net migration, but the growth is telling a different story than in previous cycles. This points to the bumpy recovery path. 

CREB also drew attention to the changing mortgage rules and rising interest rates. Ann-Marie Lurie indicated that this could cause an increase in sales for the entry-level homes and attached sector. That said, the apartment sector is expected to continue to ease as the inventory levels are very high and more product is expected to come on the market in 2018. 

Have a quick look at the Calgary Real Estate Forecasts Recap for 2018

Download the full report

Watch the quick recap below. 

REALTOR®-ing at Stampede

So you are a Realtor with a cowboy hat on for the week? Let's see what can be done to turn some of those mini donuts into real estate deals.

Calgary Stampede

Here are five things every real estate agent can do over the next ten days to be a productive cowgirl/cowboy! 

Now, we know that dreaded feeling of walking into an event, not knowing anyone and feeling like a sleaze ball trying to sell something. Worry not, use these two simple tricks, and you will be rocking it. One, go into the event with zero expectations to come out with business. Actually, forget about business altogether and focus solely on making friends! Two - and it ties into the first tip - in making conversation, make it all about them! They feel uncomfortable too, so make them feel great by complimenting them on their hat and asking about their stampede plans. 

Calgary Stampede

1. Attend your Community Pancake Breakfast. This is your chance to strut your stuff and chat real estate with members of your community. Remember the two networking tips - no expectations and make it all about them! 
Bonus: Most haven't been drinking yet so you can have a coherent conversation! 

2. Seek an event with a focus on a cause. Are you vegan? There is a pancake breakfast for you. Enjoy spending time with kids? How about a KidSport event. Are you politically inclined? How about attending the premier's breakfast.  Whatever your thing, there is likely an event around it!

3. Attend Realtor Round Up. We text, call, and email all day but rarely do we all get together to have a cocktail and strengthen our connections in the industry. Don't miss the Realtor Round Up! This year the event takes place on July 14th at the Cowboy's Tent.

4. Come away with a story. In a couple of weeks you will hear, "so what did you do for Stampede"? Be prepared for this and come away with a story or two. No no no, this doesn't have to be shenanigans. How about you try the food: World's Hottest Pizza, Unicorn Hot Chocolate, Waffle Taco. Or you checked out the Grandstand Show or a concert. Do something (*safe*) where you can tell the story afterwards.

5. Say Yes to your friends. Friends are going out for a night? Go out with them for a night of fun! Yes, your friends already buy and sell with you but there will certainly be more people for you to meet in the group. Next thing you know, you will be selling your friend's, friend's, friend a house!

Have some fun this year and build those connections! Yee-haw! 


 

Weekly Calgary Real Estate Tips? Yes, Please!