Real estate could rebound in 2020, Zoocasa predicts

The online-based firm predicts 2020 sales of 52,300 to 56,900 units and average prices of $379,700 to $383,400 across the province

Real estate could rebound in 2020, Zoocasa predictsReal estate in Alberta is set to begin a turnaround this year, in the view of one major real estate firm. Zoocasa, a full-service real estate brokerage that offers advanced online search tools, predicts 2020 sales will hit between 52,300 to 56,900 units (+4.1  to  4.2 per cent), while prices will inch up to the…

Real estate sales in Alberta at lowest level since 2010: AREA

There were drops in all regions except Fort McMurray and south central Alberta, reports the Alberta Real Estate Association

Real estate sales in Alberta at lowest level since 2010: AREAThe real estate industry in Alberta saw year-over-year sales declines in November, with low volumes now at a five-year trend and the worst since 2010, the provincewide association reports. There were drops in all regions except Fort McMurray and south central Alberta, reports the Alberta Real Estate Association (AREA). A total of 3,525 units were…

Home prices in Alberta off 3.1% since 2015

The average price of a new home in Alberta was down by 1.7 per cent in September compared to a year earlier.

Home prices in Alberta off 3.1% since 2015Persistent uncertainty in the Alberta economy continues to impact the homebuilding industry. The good news for consumers is that prices of new homes are falling. Not so good news, though, for homebuilders as they struggle with a lower demand environment. According to Statistics Canada data, the average price of a new home in Alberta was…

Alberta rents among the most affordable in Canada: report

Alberta rents among the most affordable in Canada: reportAlberta cities are among the least expensive when it comes to residential rental property in the country, according to a new report. The average Canadian property was listed for $1,954 per month in September just topping the previous high-water mark for the year of $1,953 in June, according to the October National Rent Report produced…

Alberta universities in hot zones for real estate investment

REIN report intended to help investors make the most out of the ‘colossal’ demand for student housing

Alberta universities in hot zones for real estate investmentThree Alberta universities rank in the top five nationally as “hot zones” in a new real estate investment report. For the first time, the report looks at how university campuses influence real estate rents, prices, values and investment potential upward. The inaugural University Effect: A Report for Rental Housing Providers was released by the Real…

Try-before-you-buy concept used to sell home

Realtor said the owners are offering a stay of about a week but everything is negotiable in real estate

Try-before-you-buy concept used to sell homeYou wouldn’t think of not taking a vehicle out on a test drive before making one of the biggest purchases in your life. So why not a home? A Calgary homeowner who has listed a property for sale is taking the same concept and adapting it to the real estate industry. The seller is offering…

PropertyGuys.com expanding into the Alberta market

Company also plans to expand into Ontario, British Columbia, Manitoba, Saskatchewan and the U.S. East Coast

PropertyGuys.com expanding into the Alberta marketPropertyGuys.com, North America's largest private home sale network, is expanding into Alberta, targeting the Calgary, Edmonton and Fort McMurray markets. The company said it also plans to expand into Ontario, British Columbia, Manitoba, Saskatchewan and the U.S. East Coast. “With 83 units already in Canada, the company has announced rapid plans for growth in 2019…

Multi-family home starts strong across Alberta

But single-family detached housing starts were down in January

Multi-family home starts strong across AlbertaJanuary turned out to be a tale of two markets for new home construction in Calgary, Edmonton and across Alberta. According to data released on Friday by Canada Mortgage and Housing Corp., there’s a clear difference in the province between single-detached construction and all other new homes, primarily in the multi-family sector. For the Calgary…

Building permit value drops in Calgary and Edmonton

But across Alberta, building permits were on the rise thanks to a very strong non-residential push

Building permit value drops in Calgary and EdmontonThere's some interesting and conflicting data out on Wednesday from Statistics Canada about the value of building permits in December in Alberta. The federal agency reported that building permits of $427.4 million in the Calgary census metropolitan area fell by 5.4 per cent on a month-over-month basis and by 5.8 per cent year over year.…

Edmonton, Calgary repeat home sales prices off more than 5%

Nationally, the composite of 11 markets was off by 0.95% from the peak in September 2018

Edmonton, Calgary repeat home sales prices off more than 5%(Troy Media) Prices for repeat home sales in Edmonton and Calgary are more than five per cent off from their peaks, according to the latest Teranet-National Bank House Price Index. The report shows that in December prices in Edmonton have fallen by 5.55 per cent from their peak in September 2007, while prices in Calgary…
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