The dream of homeownership lives on for Canadians, according to a recent poll conducted by CIBC.

Homeownership remains a top goal for 71 per cent of non-homeowners, while the majority of mortgage holders...

MAY 2023 HOUSING MARKET UPDATE

JUNE 1, 2023

May sales reach a record high

Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the...

Alberta’s strong economic performance continues to fuel commercial real estate in Calgary, with most asset classes experiencing solid activity from both a lease and sales perspective.

Spillover from...

APRIL 2023 HOUSING MARKET UPDATE

MAY 1, 2023

Prices reach new record high

Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent...

Sales activity has behaved as expected through the start of 2023 and slowed by 43 percent over last year’s all-time record-high performance in the first quarter. The steeper decline in the first quarter...

MARCH HOUSING MARKET UPDATE

April 3, 2023

Prices rise as conditions favour the seller

Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread...

The changes came in response to widespread concerns over housing affordability

The Canada Mortgage and Housing Corporation has announced several changes to the “Prohibition on the Purchase of Residential...

2022 proved to be a rocky year for Canadian real estate. Between a looming recession, rising interest rates and challenges around capital availability, homebuyers and sellers from coast to coast experienced...

The RE/MAX International conference took place last week in Las Vegas, the Viani Real Estate Group was honoured to be recognized among some of the top-producing REALTORS® in the entire RE/MAX network....

FEBRUARY HOUSING MARKET UPDATE

March 1, 2023

Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389...

The Viani Real Estate Group is honoured to be recognized as the #4 top-producing team at RE/MAX Real Estate (Central) for 2022.

In addition, the Viani Real Estate group also achieved Diamond Team status,...

JANUARY HOUSING MARKET UPDATE

Feb. 1, 2023

Supply of lower-priced homes remains low for January

The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings...

Key indicators combined with lender risk mitigation measures shore up expectations of resilience.

Interest rate hikes served to destabilize most major Canadian housing markets beginning in 2022, however...

The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and Region Yearly Outlook Report. The report, which is prepared by CREB® Chief Economist Ann-Marie Lurie, provides a...

DECEMBER HOUSING MARKET UPDATE

2022 saw record-high sales and double-digit price growth

December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier...

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative...

Canada’s housing markets are still squarely in correction mode. The latest results from local real estate boards confirm activity and prices generally remained under intense downward pressure in November....

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It still might not be widely known, even amongst Canadian realtors, but Canada’s two-year ban on foreign investors purchasing residential property comes into effect on Jan. 1, 2023.

The Parliament...