Sorry for the bleak news… I’m just the messenger!!

Canada’s economy faces a major risk through the next three years from how debt-laden consumers cope with higher interest rates, according to economists from three of the country’s largest financial institutions. Risks in the housing market remain, even after the slowdown in sales earlier this year after the government imposed new regulations, according to Frances[…]

creb – Detached prices stabilize in soft market

The segment of Calgary’s housing market with the greatest influence on the overall market is showing signs of pricing stability. The detached benchmark price totaled $503,400 in September, which is 3.3 per cent below last year, but the second consecutive month at this price level. While overall economic conditions remain soft, for now the detached[…]

creb – Calgary Real Estate Statistics April 2016

HIGHLIGHTS Year-to-date detached sales improved in the City Centre, North West, West and East districts, helping prevent gains in months of supply.* April’s detached price of $501,500 was 0.2 per cent lower than the previous month and three per cent lower than last year’s levels. Monthly prices across all districts were lower than April levels[…]