Category: Uncategorized

Calgary's avg home price expected to ↑ 8% by year-end. Low housing supply driving price increases.

In Mid-Q2, Calgary saw 3,092 home sales, almost matching last year’s record. Sales were 34% above long-term trends despite a slight annual drop.

Review the contract carefully to ensure you are getting the agreed-upon interest rate and understand any lender fees. Be aware of your prepayment privilege and any prepayment penalties associated with paying off your mortgage early.

Calgary home sales in May ↓ 0.8% yearly to 3,092 units. The decrease was driven by fewer sales of lower-priced detached and semi-detached homes.

Calgary adopted housing density changes despite public opposition. Calgary approved zoning for mixed housing types.

Calgary approved the affordable housing strategy last September after the council heard the voices of over 150 people. The strategy aims to create 3K new affordable homes and assist the market with 1K/yr additional homes.