The Calgary Real Estate Board (CREB®) has released its 2023 Forecast Calgary and Region Yearly Outlook Report. The report, which is prepared by CREB® Chief Economist Ann-Marie Lurie, provides a detailed analysis of the economic and housing market trends in Calgary and surrounding areas for the upcoming year. According to the report, elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic. “Higher commodity prices, recent job growth, record high migration and relative affordability are expected to help offset some of the impacts higher lending rates are having
2022 saw record-high sales and double-digit price growth December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022. Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing further declines in inventory levels. As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade. “Housing market conditions have changed significantly throughout the year, as sales activity slowed following steep rate gains throughout the later part of the year,” said CREB® Chief Economist Ann-Marie Lurie. “However, Calgary continues
Erin Davis: Welcome to REAL TIME, the podcast for and about REALTORS® presented by CREA, the Canadian Real Estate Association. I’m your host, Erin Davis, and I am so excited to be talking with a woman who is a keynote speaker, a tech exec, and a recent honoree by The Globe and Mail. She’s also very passionate and hugely knowledgeable. We’re going to talk about business innovation. What is that? Well, on its own, the phrase may feel as amorphous as any other buzzword. With today’s guest on REAL TIME, we’re going to delve into its meaning and the opportunities that business innovations hold for REALTORS®. On episode 33 of REAL TIME, we are joined by researcher and author, Dr.
As part of REALTORS Care® Week 2022, we’re joined by Chris Jarvis, co-founder of Realized Worth. At Realized Worth, Chris designs volunteering strategies to help businesses drive engagement, retention, inclusivity, and stronger relationships with their communities. On Episode 32 of REAL TIME, Chris helps us understand how we can reprogram our brains to feel empathy for groups with whom we don’t identify. By breaking down barriers, and adopting a transformative approach to volunteering, it can help us see the world with a fresh perspective. Episode Resources Realized Worth Invisible People The RW Institute The Brain, Episode 5: Why Do I Need You?
Sales remain stronger than pre-covid levels City of Calgary, Nov. 1, 2022 – October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector. However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only two months to go, 2022 will likely post a record year in terms of sales. “Calgary hasn’t seen the same degree of pullback in housing sales like other parts of Canada, thanks to persistently strong demand for our higher density product,” said CREB® Chief Economist Ann-Marie Lurie. “While our city is not immune to the impact that inflation and higher rates are having,