CALGARY DREAM HOMES REAL ESTATE BLOG

 Creb: August 2 2022 Detached home sales decline as apartment condominium sales rise Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our market. Rising lending rates are causing shifts within the market and, as a result, new listings for higher-priced product are on the rise relative to sales activity,” said CREB ®  Chief Economist Ann-Marie Lurie. FULL REPORT

Calgary Welcomes buyers who have decided to move to Calgary and escape the high cost of homes in Quebec. Calgary is seeing a upsurge in buyers from other Provinces as Oil & Gas starts its climb back and the City of Calgary has shown it can also diversify into the IT sector, with many offices being available in Downtown. ARTICLE A global study from a U.K. mortgage firm claims that Calgary has become the world’s most affordable city in which to buy a home, based on changes in average annual net salary and per-square-foot condo prices over a five-year period ending in 2020. The study by Online Mortgage Advisor of Derby, England, found that 65 per cent of global cities became less affordable in 2020 compared to 2016, while 35 per cent became more affordable. “Calgary, Canada, has become more affordable in the past five years with the average person there able to afford 60.3 more square feet in 2020 than in 2016. A bigger positive jump than anywhere else in the world,” the study, releas