City of Calgary, November 1, 2018 –

Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market.

Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent.

“Job growth in this city remains a concern, as unemployment levels remain well above levels expected for this year. Rising costs of ownership also continue to weigh on housing demand,” said CREB® chief economist Ann-Marie Lurie.

“At the same time, housing supply levels are not adjusting fast enough to current conditions, resulting in price adjustments.”

Inventories and sales totaled 7,345 and 1,322 in October. This has resulted in months of supply of 5.6, above…

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When you're having a garage sale, one of the toughest tasks is pricing your

items. If you put a price tag on your old golf clubs that’s too high, no one will

buy them. If you make the price too low, they might sell quickly, but you’ll

spend the rest of the day wondering if you could have gotten more!
 

It's similar to selling your home — except with your home, the stakes are

much higher. You want to price your property to sell, but you don’t want to

leave any money on the table.

 

How do you accomplish that?

 

Setting the right list price for your home requires a combination of skilled

calculation and industry savvy.

 

Let's start with the "calculation" part...

 

When you work with us, we'll review recently sold…

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Ideally, you would like buyers to wait until they’ve viewed your whole property before they judge it. However, the reality is, buyers start forming an impression of your home as soon as they see it from the curb. So, it pays to do everything you can to improve your property's "curb appeal". Here are some ideas: · You can improve the impact of your landscaping by trimming hedges, removing any unsightly weeds, and cutting the grass. Planting just a few fresh flowers can make a big impact. · If your main entrance door is old, a fresh coat of paint will make it look like new. In some cases, the effect is significant. · Remove any items that might distract the buyer from forming a good first impression. For example, garbage…

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City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary's sales activity totaled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market.

"Calgary's economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand," said CREB® chief economist Ann-Marie Lurie. 

"At the same time, supply levels continue to remain high, resulting in persistent oversupply and price declines." 

Inventories totaled 7,941 units, pushing the months of supply to…

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