Category: Uncategorized
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Calgary Real Estate: Spacious Living Near Nature
Calgary’s Real Estate offers more spacious properties, enhancing quality of life and lifestyle flexibility. Avg rent prices in Calgary are significantly lower, making it a more affordable housing market.
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Shared Living Costs Is Increasing in Calgary
Calgary’s average rent for shared accommodations is now $928, showing a significant increase. Rent for roommates in Calgary continues to climb, bucking the trend of other major cities.
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Minimum income needed to afford rent in Calgary is “out of control”
A recent report indicates that the wages required to afford one- or two-bedroom apartments in Calgary far exceed the city's minimum wage. To rent a one-bedroom, residents need at least $28.92 per hour, while a two-bedroom requires $33.46 per hour, over $13 more than the minimum wage. The report highlights that no neighborhoods in Calgary…
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Calgary Home Sales Drop Amid Rising Listings in Mid-Q3
Calgary’s August Real Estate sales totalled 2,186, ↓ 19.5% decrease compared to the previous year. New listings in August reached 3,536, marking ↑ 13% yearly increase, easing market pressure.
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New listing growth driven by higher-priced homes
In September, new listings rose to 3,687 units, the highest since 2008, but sales fell to 2,003, 17% below last year's record. Inventory increased to 5,064 units, yet remained below typical September levels. The unadjusted benchmark price was $596,900, slightly lower than last month but over 5% higher than last year. Detached homes saw a…
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Three areas in Calgary are seeing HUGE jumps in detached house prices
In Calgary, the benchmark price for detached houses has surged, with the total residential benchmark price at $596,900, over 5% higher than last year. East Calgary leads with a 15.1% increase to $526,900, followed by northeast Calgary at 11.1% to $614,300, and south Calgary at 10.1% to $731,300. New listings rose to 3,687 units, the…
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Calgary Homes Show Excellent Growth in Value/Sq Ft
Steady Value Increase: Since 2018, Calgary’s single-family homes rose 38% in price per square foot, condos 27%.Affordable Market: Calgary remains more affordable than cities like Toronto and Vancouver, attracting out-of-town buyers.
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Mid-Q3 Inventory up, Sales Down in Calgary
Calgary’s market shifted from a seller’s market with more inventory and fewer sales in August. August saw inventory at 4,487 units, ↑ 37.3% yearly, but low compared to long-term trends.
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Calgary Demolish 3 Buildings for Affordable Housing
Calgary is demolishing three vacant downtown buildings to create much-needed affordable housing. A new 33-storey mixed-use tower will offer 340 rental units, including 50 affordable housing units.
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Signs of Slowdown: Calgary Sales Drop 19.5%
Calgary housing market saw a 19.5% drop yearly in sales in Mid-Q3, signalling a slowdown.New listings fell slightly, increasing the months of supply to 2.05, indicating a shift to balanced conditions.