JULY 2024 MARKET UPDATE
Posted on Jul 02, 2024 in Market Updates
Sales in June reached 2,738, a 13 percent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 percent higher than long-term trends.
“The pullback in sales reflects supply challe...
JUNE 2024 MARKET UPDATE
Posted on Jun 04, 2024 in Market Updates
In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one percent below last year's record high, it is 34 percent higher than long-term trends for the month. The pullback in sales was primarily driven by declines in lower-priced detached and semi-detached homes, where there was limite...
CALGARY Q1 2024 MARKET UPDATE
Posted on May 27, 2024 in Market Updates
City of Calgary, May 24, 2024 - Calgary’s housing market remains a hot spot in the country, driven by record-high international and interprovincial migration over the past two years. This influx has significantly increased housing demand. Employment gains and relative affordability continue to attract people to the province, resulting in strong
sale...
MAY 2024 MARKET UPDATE
Posted on May 01, 2024 in Market Updates
Sales in April rose by seven percent compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37 percent higher than long-term trends for the month. Much of the growth in sales has occurred for relatively more affordable, higher-density products.
At the same time, there were 3,491 new lis...
APRIL 2024 MARKET UPDATE
Posted on Apr 01, 2024 in Market Updates
MARCH 2024 MARKET UPDATE
Posted on Mar 01, 2024 in Market Updates
New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 percent compared to last year for a total of 2,135 units. The shift in sales and new listings kept the sales-to-new listings ratio exceptionally high at 79 percent, ensuring inventories...