Found 4 blog entries tagged as CREB.

By Rebecca Wissink

The Canada Mortgage and Housing Corporation (CMHC) has released its 2022 Market Outlook, which includes both a national forecast and one specific to Calgary. This article covers the forecast, the socio-cultural issues impacting Calgary and Alberta that led to the forecast, the risks that could derail the forecast, and we’ll touch on the national forecast. Briefly, Figure 1 below shows that sales are expected to drop or moderate after this year, even at the higher end of the forecast, as 2023-24 will likely have lower sales than 2021. The average MLS price will climb each year from 2021, gaining between $35 – 40,000 each year at the high end of the forecast. However, at the low end of the forecast, price gains will be minimal this…

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Real Estate Forecasts and Loving Your Job

By Danielle Rourke

Ann-Marie Lurie loves her job. I mean she really truly loves her job. It’s one of those phrases so many of us strive to truly feel. With 11 years of working as chief economist for CREB under her belt, Ann-Marie is no stranger to forecasting real estate. And she adores every minute of it. Many of you may know her as a popular CREB forecast speaker, this year recent presentation being no different. I had the pleasure of speaking with Ann-Marie, a born and raised Calgarian, uncovering a little more about her, and about what she sees in our future for 2022.

While studying at U of C, Ann-Marie originally planned on becoming an accountant. With the encouragement of several professors, she…

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The home of Jim Shaw at 102 Crescent Rd. NW, Calgary in Crescent Heights recently sold at a record-breaking price of $11.1 million - the highest ever recorded MLS sale price in Calgary. A retired Shaw executive, Jim Shaw found the home to be more than his present needs and opted in downsizing, but is not leaving Calgary.

John Hripko, the listing agent from Royal LePage Foothills who closed the sale, declared that Shaw's home, originally listed at $11.5 million, had been on the market for eight months and was sold to a “long-standing Calgary citizen.”

Jim Shaw HomeThe record-breaking $11.1 million sale of Jim Shaw Calgary home now surpasses the previous highest MLS Calgary sale of $10.35 million in Aspen Woods sold earlier this year. Built in 2010 and listed by…

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The Calgary Real Estate Board's (CREB®) December 2012 Calgary Regional Housing Market Statistics for the City of Calgary confirmed that there was a 5.7% increase in residential sales activity over December 2011. The breakdown showed 1,083 residential units sold in the City of Calgary in December 2012 (which includes single family homes, condominium townhomes and condominium apartments) compared to the 1,025 units sold in December 2011. This continued positive trend in sales helped the Calgary resale market finish the 2012 year with 21,207 in total sales in the City of Calgary, up 14.7% from 2011. An 18% reduction in new listings plus a 7.7% increase over December 2011 in the Benchmark Price to $390,100 contributed to a more balanced Calgary…

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