real estate market

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.