Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very c...
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
Global economic...
Low inventory and high demand drive price gains in February
FEBRUARY 2024 HOUSING MARKET UPDATE
March 1, 2024
Low inventory and high demand drive price gains in February
New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings...
January sees strong sales fueled by boost in new listings
JANUARY 2024 HOUSING MARKET UPDATE
February 1, 2024
January sees strong sales fueled by boost in new listings
January sales rose to 1,650 units, a significant gain over last year's levels and long-term...
RE/MAX Real Estate Agents Voted #1 Most Trusted in Canada
RE/MAX® has been voted the #1 Most Trusted Real Estate Agents in Canada by Canadian shoppers, year after year*, according to the 2024 BrandSpark® Canadian Trust Study.
The study is based on a national...
Viani Group Top Producers for 2023 at RE/MAX Real Estate Central
CREB® Forecast 2024 | Calgary and area yearly outlook report
Rising lending rates have had a notable impact on the housing sector, prompting potential buyers to search for more affordable housing options. Simultaneously, some potential sellers have refrained from...
Why Lower Canadian Real Estate Prices Could Benefit Sellers this Spring
The Canadian real estate market is going through an adjustment period right now. After a couple of years of meteoric growth across the entire housing sector, conditions seem to be settling, the frenzy has...
Strong migration and low supply drive Calgary housing prices in 2023
DECEMBER 2023 HOUSING MARKET UPDATE
January 2, 2024
Strong migration and low supply drive Calgary housing prices in 2023
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels...
Experts share their rental housing outlooks for 2024
Lawmakers across Canada have put a renewed focus on making housing more affordable, but experts predict chronic issues around pricing and supply will keep straining the country’s rental market in...
Bank Regulator Stands Firm on Mortgage Renewals: No Relief on Stress Test
Should Canada’s banking regulators abandon the mortgage stress test?
In 2016, the Canadian government introduced the mortgage stress test as a vital tool to curb risks associated with mortgage lending,...
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.
The global...
Increased listings, strong sales, and price growth.
NOVEMBER 2023 HOUSING MARKET UPDATE
December 1, 2023
Increased listings, strong sales, and price growth.
New listings in November reached 2,227 units, nearly 40 per cent higher than the exceptionally low...
CREB® unveils Q3 housing market report with special 2024 forecast preview
The Calgary Real Estate Board (CREB®) has released its Q3 2023 housing market report, providing a comprehensive overview of the real estate landscape in the City of Calgary and surrounding areas. The...
Price gains continue in Calgary's real estate market as inventory remains low
October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 percent higher than last year and amongst the highest levels reported...
Bank of Canada Holds Policy Rate at 5% in October 2023
The Bank of Canada decided to maintain its target for the overnight lending rate at 5%.
In its latest scheduled interest rate announcement on October 25, 2023, the Bank cited growing evidence of a slowdown...
Pricing pressure continues to ease across most of Canada: RBC Economics
Over the past few months, more sellers have entered the housing market, particularly in September with a surge of new listings in all major Canadian markets. This is thanks to several things, notably rising...
Calgary home sales at record highs in September, yet supply remains a challenge
SEPTEMBER 2023 HOUSING MARKET UPDATE
October 3, 2023
Calgary home sales at record highs in September, yet supply remains a challenge
Sales reached another record high in September with 2,441 sales. Despite...
August sees record-high sales amidst historic low inventory, pushing prices higher
AUGUST 2023 HOUSING MARKET UPDATE
September 1, 2023
Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several...
CREB®'s Q2 2023 Housing Market Report
The Calgary Real Estate Board (CREB®) has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales,...