Ottawa proposes GST relief of up to $50,000 for first-time buyers of new homes
A $1.25 million home would get a 50% rebate of up to $25,000. The measure is expected to save $3.9 billion over five years.
News & Insights
Market News – Page 8
Monthly Calgary housing market updates: benchmark prices, sales and inventory, explained by Berg Estate Team (Tom Berg, eXp Realty).
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Calgary mails 2025 property tax bills: payment due June 30
About 37% of residential tax goes to the province. Owners can now see five years of bills online.
Airdrie, Cochrane, Okotoks and Chestermere in April 2025: Cochrane prices hit a record
Airdrie inventory is back to long-term norms after three very tight Aprils. Okotoks sales are down 16% this year.
Calgary housing market, April 2025: balanced conditions take pressure off prices
Row inventory reached 1,005, the most since 2021. North East condos had seven months of supply.
Bank of Canada pauses at 2.75% and sets out two tariff scenarios
Consumption, residential investment and business spending all appear to have weakened in the first quarter.
Calgary’s first quarter of 2025: sales down 17%, new listings up 21%
Condo sales fell the most, by 29%. Homes took 33 days to sell on average, up from 25.
Airdrie, Cochrane, Okotoks and Chestermere in March 2025: record detached prices in two towns
Airdrie inventory reached 398, up from 164 a year ago. Okotoks still has under two months of supply.
Calgary housing market, March 2025: tariff uncertainty cuts sales 19%
After four years of sellers' markets, Calgary is moving back toward balance. Detached and semi prices are at or near peak.
Alberta leads population growth in late 2024 as national growth slows
Canada grew 1.8% in 2024, slower than in 2022 and 2023. Alberta welcomed a record 66,359 immigrants.
Calgary sets 2025 property tax rates: a typical home pays $352 more
The provincial portion rose $154 million, or 17.5%. Calgary will send over $1 billion in property tax to the province.
Bank of Canada cuts to 2.75% as US tariffs weigh on confidence
The Bank said the economy grew 2.6% in the fourth quarter, but warned monetary policy cannot offset a trade war.
CREB® foundation opens $590,000 in housing and shelter grants for 2025
Legacy Grants can reach $1 million over three years. Applications close May 20, 2025.