By: Doug Cabral

March 2021 Market Update

Tags: Calgary, Real Estate, Doug Cabral, YYC, Royal LePage

“Calgary housing market sees best March sales in over a decade.” While year over year averages and stats may be a little skewed as March last year was the beginning of COVID-19 and if you remember a pretty long lockdown, fears for the economy and a major drop in sales activity.  Who would have thought though that a year later that March sales were not just higher than in 2020 but...Read More

By: Doug Cabral

February Market Update

Tags: CALGARY, REAL ESTATE, YYC, HOMES IN CALGARY, MARKET REPORT, February 2021

CREB’s market update title says it all – “Sellers' market in February leads to rising prices” Spread the wealth and the activity! Both sales activity and prices saw an increase across all product lines in the month of February, making this the best February since 2014! With overall months of supply of less than three months Calgary is seeing strong sellers market condit...Read More

By: Doug Cabral

January 2021 Market Report

Tags: CALGARY, REAL ESTATE, YYC, HOMES IN CALGARY, MARKET REPORT, JANUARY 2021

January had an electric start to 2021! Life as is started here in 2021 was anything but ordinary, but what was extraordinary were the January sales.  What a kick start to the year as January’s sales were the highest they have been for the month since 2014. This second lockdown that started mid December and that has carried through the month of January was no match for our current marke...Read More

By: Doug Cabral

December 2020 Market Report

Tags: CALGARY, REAL ESTATE, YYC, HOMES IN CALGARY, MARKET REPORT, DECEMBER 2020

December capped off what was a great end to 2020 for the Calgary Housing Market. December sales at 1200 units makes it the best holiday month since 2007.  "Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same ne...Read More

By: Doug Cabral

November 2020 Market Report

Tags: CALGARY, REAL ESTATE, YYC, HOMES IN CALGARY, MARKET REPORT, NOVEMBER 2020

“For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain.” CREB media release. What a half a year it has been for the Calgary Real Estate market.  Month-over-month activity gains and price gains since the spring has offset the effect of Covid and the lockdowns on the real estate market in the first half of the year. New listings continue to slow, ...Read More

By: Doug Cabral

October 2020 Market Report

Tags: CALGARY, REAL ESTATE, YYC, HOMES IN CALGARY, MARKET REPORT, OCTOBER 2020

October, or what I would like rename rOcktober, was a strong month in the Calgary Real Estate market.  Total units sold in the city capped at 1764. That was a 23% increase over this month last year, and much higher than long-term averages for this time of year.  The rockstar segment of the market was most certainly the detached sector.  Buyer activity has outpaced new listings which...Read More

By: Doug Cabral

September 2020 Market Report

Tags: CALGARY, REAL ESTATE, YYC, HOMES IN CALGARY, MARKET REPORT, SEPTEMBER 2020

September 2020 as a month brought with it some of the best numbers in around 5 years here in the Calgary Real Estate Market. With strong sales numbers of just north of 1700 units and a current months of inventory sitting at just shy of 4 months, this was positive news and our CREB® Cheif Economist Ann-Marie Lurie had this to say:  "The recent rise in new listings, combined with low ...Read More

By: Doug Cabral

Summer 2020 Market Report

Tags: Calgary, Real Estate, YYC, Homes in Calgary, Market Report, Summer 2020

Summer in Calgary saw home sales rise & as the summer progressed. Inventory levels have eased a little bit. Let’s start off with a quick July recap: Calgary and surrounding area had an increase in sales for both detached and semi-detached product and actually outpaced July of 2019, largely in part to the lack of our normal spring market which created some pent-up demand and people choos...Read More

By: Doug Cabral

June 2020 Market Report

Tags: Calgary, YYC, Real Estate, Market Report, Homes,

Long and short of June is that, some of the lagging effects on price from the decline in sales activity as a result of Covid 19 started to take effect, but at the same time we saw a big rebound in market sales activity as the month progressed. In fact, after 3 long months of the heavy effects on our local real estate market as a result of the pandemic, our sales activity trended up to just 2% lowe...Read More

By: Doug Cabral

April Myth Buster

Tags: YYC, CALGARY, REALTOR, REAL ESTATE, DOUG CABRAL, ROYAL LEPAGE, BENCHMARK, MYTHBUSTER

Myth:  I'll net a better sale price for my home if I wait for this lockdown to be over and hold off selling until later in 2020.   Bust:  When the lockdown is over there will be an increase in activity. What there also will be is more listing competition.  With effects from the lockdown and low oil pricing, YYC is forecast for further price declines of ~3% throughout 20...Read More

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