Erin Davis: Working together to undivide us, what does it mean, and how can it help you in business and beyond? Anthony Morgan, a science communicator, and co-host of CBC’s The Nature of Things, has made it his mission. I personally want to thank Anthony for inspiring my approach to a recent lost luggage situation. We’ll get to that a little later on. I’m Erin Davis, and welcome to REAL TIME, the podcast for REALTORS®, brought to you by the Canadian Real Estate Association. Welcome, Anthony. Anthony Morgan: Thanks so much for having me. I’m really excited to be here. Erin: We’re excited too. For that matter, though, I could say welcome back because, at CREA PAC Days 2023, you
January sees strong sales fueled by boost in new listings January sales rose to 1,650 units, a significant gain over last year’s levels and long-term trends. The growth was possible thanks to a rise in new listings totaling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000. The rise in new listings relative to sales did little to change the low inventory situation in the city. With 2,150 units in inventory, levels are near the January record lows set in 2006 and are nearly 49 per cent below the long-term average for the month. “Supply challenges have been a persistent problem since last year. This month’s gain
The Calgary Real Estate Board (CREB®) is pleased to announce the release of its highly anticipated 2024 Forecast Calgary and Region Yearly Outlook Report. This comprehensive report, prepared by CREB® Chief Economist Ann-Marie Lurie, offers a detailed analysis of Calgary’s economic and housing market trends and surrounding areas for the upcoming year. The report delves into the impact of rising lending rates on the housing sector, as buyers looked for more affordable housing options, and some potential sellers held back from listing to navigate the challenges posed by higher lending rates. Chief Economist Ann-Marie Lurie underscores this dynamic, stating, “Despite higher rates, 2023 was a year of relatively strong sales thanks to a robust labour market and strong migration.
Erin Davis: Feeling blue, tickled pink, seeing red. Ever wonder why you feel the way you do about certain colours? Well, get ready for an episode full of colour psychology, and plenty of advice for REALTORS®. I’m Erin Davis, and welcome to REAL TIME, the podcast for REALTORS® brought to you by the Canadian Real Estate Association. Erin: Now, on this episode, I’m joined by Leatrice Lee Eiseman, the executive director of the Pantone® Color Institute. What colour trends can we expect to see this year? How does colour influence our behavior, and how can REALTORS® use colour to your advantage? Let’s ask the expert, shall we? Oh, welcome to REAL TIME, Lee. It’s so good to have you here
Strong migration and low supply drive Calgary housing prices in 2023 Sales in 2023 did ease relative to last year’s peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominiums style homes. “Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels were low compared to the demand throughout the year, resulting in stronger than expected price growth.” Inventory levels were persistently below long-term trends for