Residential

Housing prices remain relatively stable despite significant job losses.  New housing permits have fallen but not precipitously which is surprising given the ongoing job losses.

Below is a chart that shows the number of building permits issued for Alberta dwellings since 1970.  This monthly chart shows seasonal volatility.  The plunge in permits from the late 1980s to the early 2000s is evident as well as the booms in the early 1970s and the early 2000s.

Building permits_2977_image001

Source: Statistics Canada- Table 026-0001 Building permits, residential values and number of units, by type of dwelling, monthly(1) Only municipalities that issue permits.

done-deal-airdrie21-1-17-gm

cmhc-hiking-insurance-premiums18-1-17-ej

housing-market-faces-a-rough-2017-expert18-1-17-ej

competition-for-tenants-puts-hole-in-uofa-budget28-12-16-ej

home-prices-steady-as-sales-drop5-10-16-ej

affordable-housing-landlords-can-afford8-10-16-ej

done-deal-mckenzie-towne17-12-16-gm

done-deal-killarney-calgary10-12-16-gm

done-dealeast-village-calgary29-10-16-gm

its-a-buyers-market-in-edmonton-cmhc-says29-10-16-ej

done-deal-richmond-park-calgary22-10-16

Fallout from a tumbling market16-10-16 GM

done-deal-shaganappi-calgary8-10-16-gm

done-deal-canmore1-10-16-gm

alberta-housing-sales-still-sluggish-cmhc16-9-16-ej

done-deal-royal-oak-calgary10-9-16-gm

Calgary home sales slide to decade low2-3-16 GM

Housing Prices hold

Calgary buyers play guessing game7-5-16 GM

Condo sales in May 3-6-16 EJ

Housing prices holding, but more hit market4-6-16 EJ

Housing starts fall in March16-4-16 EJ

Oil slump dampens Calgary housing market23-4-16 GM

Done Deal-Tuscany Calgary18-6-16 GM

Real estate sales in Edmonton down in June, prices stay level9-7-17 EJ

Done deal Calgary Copperpond Road9-7-16 GM

Done Deal27-8-16 GM

City home prices holding steady3-9-16 EJtable1_en_calgary_w_16850_image001

table1_en_edmonton_w_21911_image001

cansim-0260006-eng-4460464401008249672Building permits_5491_image001

Edmonton House prices steadyHigh loan to income mortgages8-7-16 GM

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