Oil prices are soaring with other commodities, and it can lend a big boost to Calgary real estate. Maybe. That’s the take from BMO senior economist Douglas Porter, in his latest Capital Markets’ research note. Calgary real estate prices recently started climbing, but still lag national price growth. Historically the region underperformed during periods where […]
Canadian household debt issues are surfacing in some of the country’s largest cities. Office of the Superintendent of Bankruptcy (OSB) filings show an uptick in a few urban markets in Q1 2019. The uptick was most notable in Toronto, Vancouver, and Calgary. In the opposite direction was Montreal, which is seeing insolvency filings drop to […]
All good times must come to an end, it’s just tricky to figure out when the end is near. Statistics Canada (StatCan) unemployment numbers show Canada made a big improvement in April. The national level of unemployment continues to fall. Unfortunately, the trend skipped the most expensive real estate markets – Toronto and Vancouver. On […]
Calgary real estate saw the average price of a condo get a boost, in large part to an increase in big ticket sales.
Calgary real estate may be starting to turn around, as detached homes start to see signs of an improving market.
Calgary real estate is off to a better start in 2017. Prices still declined in January, but sales and inventory are showing better balance.
Calgary real estate got a positive indicator finally, with sales of detached homes increasing 25% in January 2017.
Calgary real estate gets some more bad news, as the benchmark price, sales, and inventory all slip in the city.
Calgary real estate joined Toronto and Vancouver’s markets when it came to declining detached home prices in December 2016.
The best market in a decade didn’t exactly help Calgary real estate. Instead it saw lower prices, less sales, and more inventory.