Market Updates

CALGARY Q3 2021 MARKET UPDATE

Posted on Oct 19, 2021 in Market Updates



CREB, October 2021 - The persistent challenges caused by the pandemic continue to weigh on economic activity. However, the housing market remains resilient. The pace of growth and level of sales have eased from the record highs seen in the second quarter, but with 6,628 sales, this was the best third quarter since 2014. 

Much of the demand growth con...

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OCTOBER 2021 MARKET UPDATE

Posted on Oct 01, 2021 in Market Updates


Sales Remain Strong in September – Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month. “While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are lik...

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SEPTEMBER 2021 MARKET UPDATE

Posted on Sep 01, 2021 in Market Updates



Market Continues Shift Toward More Balanced Conditions After Torrid Start to the Year - Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight-month total of 19,516 sale...

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CALGARY Q2 2021 MARKET UPDATE

Posted on Aug 05, 2021 in Market Updates



CREB, July 2021 - Since March, the Calgary housing market has been hitting record-high sales each month and supply has not kept pace. This has caused extremely tight conditions, especially in the detached sector, where benchmark home prices went from $492,000 in January to $537,200 in June. These steady price gains have encouraged more sellers to l...

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AUGUST 2021 MARKET UPDATE

Posted on Aug 01, 2021 in Market Updates



Price Growth Slows As Supply To Demand Balance Improves - July sales totalled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in inventory levels, and while o...

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JULY 2021 MARKET UPDATE

Posted on Jul 02, 2021 in Market Updates



Supply Trends Up But Market Still Favours The Seller - Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month. “It is taking time for supply to catch up with the demand in the market,” said CREB® chief economist Ann-Marie Lurie. “Through the early spring market, many buyers di...

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