Latest news with #CREB
Global News
3 days ago
- Business
- Global News
Calgary home sales drop in May amid economic uncertainty: CREB
The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up. The board says 2,568 homes were sold in May. CREB chief economist Ann-Marie Lurie says the recent pullback in sales and a build up of inventory have helped shift the market toward balanced conditions and has taken the pressure off prices. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy There were 4,842 new listings on the market last month, up 11.6 per cent from a year earlier, as the city's inventory reached 6,740 homes for sale – relatively balanced with 2.6 months of supply. The board says recent inventory gains have created pockets of the market that are struggling with too much supply, while other areas are seeing low levels of inventory compared with demand, causing divergent home prices. Story continues below advertisement The residential benchmark price was $589,900 last month, marking a nearly three per cent decrease from May 2024 levels.
CTV News
3 days ago
- Business
- CTV News
Calgary's 5 most expensive homes for sale right now (June 2025)
A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up. The board says 2,568 homes were sold in May. CREB chief economist Ann-Marie Lurie says the recent pullback in sales and a build up of inventory have helped shift the market toward balanced conditions and has taken the pressure off prices. There were 4,842 new listings on the market last month, up 11.6 per cent from a year earlier, as the city's inventory reached 6,740 homes for sale — relatively balanced with 2.6 months of supply. The board says recent inventory gains have created pockets of the market that are struggling with too much supply, while other areas are seeing low levels of inventory compared with demand, causing divergent home prices. The residential benchmark price was $589,900 last month, marking a nearly three per cent decrease from May 2024 levels. Dreaming of owning a lavish new home? Here are the city's five most expensive already-constructed residential homes for sale as of June 2, 2025, according to $13.5M mansion on Crescent Road Calgary home - 732 Crescent Road N.W. Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) Calgary most expensive home for sale is a mansion sitting on a prestigious stretch of road in the city's northwest. The 8,700-square-foot home was built in 2022 by Maillot Homes and features six total bedrooms (four above grade and two below), 10 bathrooms and three half-baths. Calgary home - 732 Crescent Road N.W. - bar Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) The home is seated along Crescent Road N.W, in the community of Rosedale, and features an unobstructed view of the city's downtown skyline. The outside of the mansion is clad in white Turkish limestone, while the inside was decorated by Julie Lanctot at Paul Lavoie Interior Design, who took inspiration from Alice in Wonderland. Calgary home - 732 Crescent Road N.W. - living room Inside 732 Crescent Road N.W. (CIR Realty/Krista Legue) The 2.5-storey home is located at 732 Crescent Road N.W. It has been listed on for 18 days. $7.25M Eagle Ridge bungalow 40 Eagle Ridge Place A look at 40 Eagle Ridge Place S.W. in Calgary. ( This gated home in Eagle Ridge sits on a sprawling double lot. Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms. 40 Eagle Ridge Place A look at 40 Eagle Ridge Place S.W. in Calgary. ( 'Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,' states the listing. 'The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.' 40 Eagle Ridge Place A look at 40 Eagle Ridge Place S.W. in Calgary. ( The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances. 'Whether you're hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.' 40 Eagle Ridge Place S.W. A look at 40 Eagle Ridge Place S.W. in Calgary, Alta. ( The bungalow is located at 40 Eagle Ridge Pl. S.W. It has been listed on for 243 days. $6.5M mansion in Upper Mount Royal 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) This mansion in Upper Mount Royal was built in 2014 and includes five total bedrooms (four above grade and one below grade) and eight total bathrooms (six full and two half-baths). The fully furnished home is 5,098 square feet and, according to the listing on offers 'the ultimate blend of family functionality and elevated entertaining.' 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) 'From the moment you step inside, you're greeted by a dramatic grand staircase set beneath an expansive skylight, flooding the entry with natural light and setting the stage for the architectural elegance found throughout,' states the listing. 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) 'Every space is a masterclass in luxury, designed by renowned interior designer Paul Lavoie and awarded Western Living's Best Home of the Year in 2022.' 1118 Premier Way SW A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes) The two-storey home is located at 1118 Premier Way S.W. It has been listed on for 17 days. $6.3M Bel-Aire estate 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) Nestled into a 0.30-acre lot, this 5,817-square-foot home is surrounded by the Calgary Golf & Country Club, the Glenmore Reservoir and the Elbow River valley. Built in 2003, it has three bedrooms, seven bathrooms and three half-baths. 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) 'This one-of-a-kind estate offers an unparalleled fusion of modern design, natural elements and masterful craftsmanship,' states the listing. The home's outdoor lounge is accessible via multiple sliding glass doors and is accented by two six-foot fireplaces. 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) It has an outdoor pool with a power cover and is next to a covered outdoor kitchen. The estate also has as a state-of-the-art home theatre, a gym and yoga studio, a wine wall and a chef's kitchen with high-end cabinetry and top-tier appliances. It also has a heated front driveway. 1016 Beverley Boulevard SW A look at 1016 Beverley Boulevard S.W. in Calgary, Alta. (MLS/Gary Heald) The two-storey home is located at 1016 Bel-Aire Drive S.W. It has been listed on for 61 days. $6M West Springs mega mansion 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( This 9,032-square-foot-home sits atop a ridge on the western edge of the city and includes almost 10 acres of land. 'This magnificent custom concrete estate home exceeds all expectations,' says the listing. 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( It has four bedrooms, nine bathrooms and two half-baths. The concrete castle, built in 2012, also has a home theatre, gym, indoor pool and hot tub, sauna and a five-car garage. 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( The two-storey home is located at 980 101 St. S.W. It has been listed on for 69 days. 980 101 Street S.W. A look at 980 101 Street S.W. in Calgary, Alta. ( - With files from The Canadian Press
Calgary Herald
4 days ago
- Business
- Calgary Herald
Calgary housing market outperforms long-term trend despite sales pullback: CREB
Article content 'Semi-detached homes continue to remain less than 10 per cent of all sales and inventory levels in the city,' the real estate board said. 'This in part is due to construction patterns shifting toward more row style properties over semi-detached, and is one of the reasons we do not see the same inventory build as row and apartment style homes.' Article content Calgary's inventory of row homes reached a four-year high, exceeding 1,000 units, CREB reports, with the benchmark price falling to $453,600. Article content Meanwhile, the addition of new rental apartments on the market are weighing on condo sales and causing prices to ease, according to the real estate board. Article content Article content 'This is likely slowing condo ownership demand coming from existing renters and potential investors, contributing to some of the shifts witnessed in the apartment condominium sector,' CREB said. Article content With 579 units sold in May 2025, it represented a 36 per cent drop in sales compared to the same month a year ago, which logged a record 907 sales. Article content 'While prices have eased and are below peak levels, recent declines have not offset the double-digit gains reported over the past two years,' according to CREB. Article content Airdrie reported the highest housing inventory in May since before the COVID-19 pandemic, with sales numbers improving in May versus April but lower than 12 months earlier. The benchmark price fell to $540,600, which is one per cent lower than in April and two per cent less than in May 2024. Article content Home sales in May fell 17 per cent in Cochrane compared to April after a long steady period, CREB said, while a surge in listings provided for more robust supply of homes. The benchmark price of $589,400 last month was four per cent higher than it was a year earlier. Article content Meanwhile, in Okotoks, a higher number of listings supported an increase in home sales, with the local market struggling to add housing inventory. 'The limited supply choice given the relatively strong demand has continued to support some price growth in the town,' CREB said, with the benchmark price reaching $633,900, two per cent higher than the same month in 2024.
CTV News
4 days ago
- Business
- CTV News
Calgary home sales drop in May amid ongoing economic uncertainty: CREB
Houses for sale are shown in a new subdivision in Airdrie, Alta., Friday, Jan. 28, 2022. (THE CANADIAN PRESS/Jeff McIntosh) The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up. The board says 2,568 homes were sold in May. CREB chief economist Ann-Marie Lurie says the recent pullback in sales and a build up of inventory have helped shift the market toward balanced conditions and has taken the pressure off prices. There were 4,842 new listings on the market last month, up 11.6 per cent from a year earlier, as the city's inventory reached 6,740 homes for sale — relatively balanced with 2.6 months of supply. The board says recent inventory gains have created pockets of the market that are struggling with too much supply, while other areas are seeing low levels of inventory compared with demand, causing divergent home prices. The residential benchmark price was $589,900 last month, marking a nearly three per cent decrease from May 2024 levels. This report by The Canadian Press was first published June 2, 2025. The Canadian Press
Globe and Mail
4 days ago
- Business
- Globe and Mail
Calgary home sales drop 17 per cent in May amid ongoing economic uncertainty, CREB says
The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up. The board says 2,568 homes were sold in May. CREB chief economist Ann-Marie Lurie says the recent pullback in sales and a buildup of inventory have helped shift the market toward balanced conditions and has taken the pressure off prices. There were 4,842 new listings on the market last month, up 11.6 per cent from a year earlier, as the city's inventory reached 6,740 homes for sale – relatively balanced with 2.6 months of supply. The board says recent inventory gains have created pockets of the market that are struggling with too much supply, while other areas are seeing low levels of inventory compared with demand, causing divergent home prices. The residential benchmark price was $589,900 last month, marking a nearly three per cent decrease from May 2024 levels.
