Calgary Real Estate Board

New listing growth driven by higher-priced homes Rising sales in the upper price ranges were not enough to offset the pullback occurring in the lower price ranges, as sales in September were 2,003, 17 per cent below last year's record high. Despite the decline, sales this month were still over 16 per cent higher than levels traditionally achieved in September. “We are starting to see a rise in new listings in our market. However, most of the listing growth is occurring in the higher price ranges,” said Ann-Marie Lurie, Chief Economist at CREB®. “While demand has stayed strong across all price ranges, the limited choice for lower-priced homes has likely prevented stronger sales in our market. While the challenges in the lower price ranges are not expected to change, improved supply combined with lower lending rates should keep demand strong throughout the fall, but without the extreme seller market conditions that contributed to the rapid price growth earlier this year.” ➡️ Read the full details at buff.ly/3Iknont #yyc #yycnow #realestate #yycrealestate #yycrealtor

Radon is a radioactive gas 💨 found naturally in the environment. It is also the leading cause of lung cancer in non-smokers, causing over 3,200 Canadian deaths each year. This Radon Action Month, we’d like to tell you how radon gas makes its way into your home, its risks, and how to protect yourself and your family best: https://buff.ly/3YV9Gkd #NationalRadonActionMonth

Boost your creativity and productivity at the CREB® Campus! We’re open for drop-ins (yes, even when there are courses) Monday to Friday from 8:30 a.m. to 5 p.m. Members enjoy complimentary Wi-Fi 💻, coffee ☕ and a relaxing atmosphere. ➡️ Sign up for a course at: https://lnkd.in/g8V5zeQh ➡️ Register for an event: https://lnkd.in/ge9_sq-K

The end of the year can bring stress, fatigue or even burnout for a lot of REALTORS®, but staying mentally fit and healthy can make this period less overwhelming. If you need support, please know that there are resources available to help you. ➡️ REALTOR® and Family Assistance Program, free and confidential counselling services for CREB® members: https://buff.ly/4eTGYVI ➡️ Canadian Mental Health Association resources: https://buff.ly/3lk8CT2 & https://buff.ly/3JDKlD6 ➡️ 211 Alberta provides additional support, such as information on social, community, health and government services: https://ab.211.ca/

Life-changing illnesses can occur at any time and any age. The CREB®’s Critical Illness Benefit Society (CIBS) CIBS offers a one-time, tax-free benefit of $12,500 to qualified CREB® members facing hardships associated with medical costs due to a life-changing illness. As North America's only critical illness benefit program, CIBS has supported 351 CREB® members, providing $3,966,333 in critical need benefits. The claims process is easy and confidential. Visit the CIBS page on CREB®Link to learn more.

Supply levels improving for higher-priced homes. Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month. “Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property type. This results in conditions far more balanced in the upper end of the market versus the seller's market conditions in the lower to mid-price ranges of each property type.” ➡️ Read the full details at buff.ly/3Iknont #yyc #yycnow #realestate #yycrealestate #yycrealtor

Buying a home 🏠 can be a complex financial journey. If you plan to get a mortgage, you’ll hear about the need for a down payment, and your REALTOR® will also mention a deposit. Are these two terms the same? 🤔 We clarify the difference in our latest CREB®Now article, available here ➡️ https://buff.ly/3YuXNRC

This week, Catherine C. presented the Community Grant cheques on behalf of the CREB® REALTOR® Community Foundation. Each organization was thrilled to receive the grant to improve housing quality for the Calgarians they support. 🤝 Thank you The Mustard Seed, HomeSpace Society, Discovery House Family Violence Prevention Society and L'Arche Calgary for hosting us. 🫶

Teldon helps real estate professionals distinguish themselves from the competition and highlight themselves as the agent of choice for their clients with personalized printed calendars, and as part of the Affinity Program, CREB® members get exclusive pricing. Visit CREB®Link to learn more!

CREB® Government Relations Standing Committee member Michelle Eldjarnson met with MP Martin Shields and industry representatives to advocate for meaningful change in housing policy as part of CREA’s PAC Days. Together, we continue to work on behalf of homeowners, renters, sellers and potential buyers, and all Canadians across the entire housing continuum to bring forward effective and solution-oriented policy that will build more housing supply and make it more affordable and accessible for all Canadians. Learn more about The Canadian Real Estate Association | L'Association canadienne de l'immobilier PAC Days: buff.ly/4fcDfmn #CREAPAC24 📸 Photo provided by Michelle Eldjarnson