Bank of Canada cuts by another half point, to 3.25%
Consumer spending and housing activity picked up in the third quarter, a sign that lower rates are starting to work.
Berg Estate Team blog
News & Insights – Page 10
Calgary real estate market news, our monthly market updates and new videos from the Berg Estate Team: Tom Berg and Valery Berg, REALTORS® with eXp Realty.
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Airdrie, Cochrane and Okotoks in November 2024: record listings in Cochrane, tight Okotoks
Okotoks had only 47 new listings and 52 sales, and its detached benchmark rose to $707,300.
Calgary housing market, November 2024: supply rises, but not in every price range
Condos are the only segment with inventory above long-term trends; 85% of detached supply is priced above $600,000.
CREB® foundation gives $45,000 in Transformation Grants to three Calgary housing groups
Since 1987, REALTORS® have invested more than $8.1 million in Calgary and area communities.
Calgary keeps its 2025 property tax increase at 3.6% in budget adjustments
Extra investment income removed a further 0.9% increase proposed in September. Housing gets $124 million in capital over 2025 and 2026.
Airdrie, Cochrane and Okotoks in October 2024: inventory well above last year
Cochrane has 2.3 months of supply, and Okotoks still less than two months, so sellers keep the edge.
Calgary housing market, October 2024: two markets, balanced at the top and tight below
Detached homes under $700,000 have less than two months of supply; homes over $1,000,000 have more than three.
Bank of Canada makes a half-point cut to 3.75% as inflation falls to 1.6%
The Bank expects residential investment to rise as strong housing demand lifts sales, and signalled more cuts if the economy evolves as forecast.
CREB® foundation awards $115,500 to repair housing and shelters in Calgary
Grants went to L'Arche Calgary, HomeSpace Society, The Mustard Seed and Discovery House.
Airdrie, Cochrane and Okotoks in September 2024: supply finally improves
Okotoks' benchmark price rose to $630,300, while Airdrie and Cochrane held steady from August.
Calgary housing market, September 2024: most new listings for September since 2008
Most of the new supply is in higher price ranges. Condo supply rose to 3.2 months, the highest since the end of 2021.
Ottawa raises the insured mortgage cap to $1.5 million and expands 30-year amortizations
The cap had not changed since 2012. Since August 1, 2024, 30-year terms were limited to first-time buyers of new builds.