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Friday Report - November 21, 2008

This update covers the activity for the period of November 1 - November 19, 2008

Calgary Metro - Single Family	2008	2007	% Change
Sales	427	630	(32.2%)
New Listings Added	1,098	1,355	(18.9%)
Inventory	5,400	N/A	N/A
Sales to New Listings	39%	45%	(6%)
Sales to Inventory	8%	N/A	N/A
Calgary Metro - Condominium	2008	2007	% Change
Sales	166	282	(41.1%)
New Listings Added	500	625	(20%)
Inventory	2,570	N/A	N/A
Sales to New Listings	33%	45%	(12%)
Sales to Inventory	6%	N/A	N/A

This report is based on data made available by the Calgary Real Estate Board on November 21, 2008.

Home Inspections - Ep #13

Friday Report - November 14, 2008

This update covers the activity for the period of November 1 - November 12, 2008

Calgary Metro - Single Family	2008	2007	% Change
Sales	257	388	(33.7%)
New Listings Added	743	897	(17.2%)
Inventory	5,512	N/A	N/A
Sales to New Listings	35%	43%	(8%)
Sales to Inventory	5%	N/A	N/A
Calgary Metro - Condominium	2008	2007	% Change
Sales	103	172	(40.1%)
New Listings Added	312	403	(22.5%)
Inventory	2,614	N/A	N/A
Sales to New Listings	33%	43%	(10%)
Sales to Inventory	4%	N/A	N/A

This report is based on data made available by the Calgary Real Estate Board on November 14, 2008.

30 Warwick Drive SW

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CMHC Housing Market Outlook

In last week’s Calgary Home Podcast I mentioned some average price forecasts from CMHC for the province of Alberta. Today the Housing Market Outlook for the Calgary area was released online. The report covers the new home market, resale market, rental market andeconomic factors including mortgage rates.

A few highlights from the Resale Market section were a forecasted stabilization of demand:

Buyers’ market conditions wil not last forever. An examination of data reveals that the level of supply has likely peaked for this year and CMHC is forecasting a return to more balanced conditions in 2009. As active listings come down relative to demand, price stability is expected to be restored.

…

Demand is also projected to increase in 2009 as net migration is forecasted to improve in 2009.

Access the entire outlook in PDF here.

Mortgage Pre-payment, Stock Market & Real Estate - Ep #12

Friday Report - November 7, 2008

This update covers the activity for the period of November 1 - November 5, 2008

Calgary Metro - Single Family	2008	2007	% Change
Sales	103	148	(30.4%)
New Listings Added	334	435	(23.2%)
Inventory	5,568	N/A	N/A
Sales to New Listings	31%	34%	(3%)
Sales to Inventory	2%	N/A	N/A
Calgary Metro - Condominium	2008	2007	% Change
Sales	42	83	(49.4%)
New Listings Added	141	167	(15.6%)
Inventory	2,641	N/A	N/A
Sales to New Listings	30%	50%	(20%)
Sales to Inventory	2%	N/A	N/A

This report is based on data made available by the Calgary Real Estate Board on November 6, 2008.

Home Buying Plans Unchanged, Renovations to Continue

A recent survey of Alberta Home Owners by RBC indicates that Canadians’ home buying plans have not changed in response to the activity in the stock markets during the past several weeks. 22% of Canadians surveyed are planning to purchase a home in the next two years (unchanged from January).

The survey also covers renovation plans, where Albertans are the most likely to renovate their home’s interiors (74%) spending an average of $12,422. The survey indicates that 23% would rather sell and move to another home than renovate their current home. See the full survey results here. (RBC Special Reports: RBC survey finds homebuying intentions hold steady)

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This site is provided as an information service sponsored by Michael Bladon, Re/Max Realty Professionals in Calgary, AB. The content on this site is provided for entertainment and information purposes only and should not be used to substitute the advice of a professional concerning any specific situation. No liability is implied or accepted for the use or misuse of the information presented herein. Consult a professional for advice before acting on any information presented. Not intended to induce breach of contract or solicit properties already listed for sale.

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