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...
FEBRUARY 2024 MARKET UPDATE
Posted on Feb 01, 2024 in Market Updates
January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000.
The rise in new listings relative to sales di...
CREB: 2023 MARKET SUMMARY & 2024 FORECAST
Posted on Jan 24, 2024 in Market Updates
The Calgary Real Estate Board (CREB) recently put out their annual market and economic review and forecast. This annual report examines the housing sector, local Calgary economy, and other variables which impact real estate such as lending rates and migration patterns.
Here, a look at what CREB has to say about the Calgary real estate market. If yo...
CREB: 2023 ECONOMIC REVIEW & 2024 FORECAST
Posted on Jan 23, 2024 in Market Updates
The Calgary Real Estate Board (CREB) recently put out their annual market and economic review and forecast. This annual report examines the housing sector, local Calgary economy, and other variables which impact real estate such as lending rates and migration patterns.
Here, a look at what CREB has to say about the Calgary economy. If you are looki...
Here, a look at what CREB has to say about the Calgary economy. If you are looki...
JANUARY 2024 MARKET UPDATE
Posted on Jan 02, 2024 in Market Updates
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic. While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominium-style homes.
“Higher lending rates dampened housing demand t...
DECEMBER 2023 MARKET UPDATE
Posted on Dec 01, 2023 in Market Updates
New listings in November reached 2,227 units, nearly 40 percent higher than the exceptionally low levels reported last year at this time. Gains in new listings occurred across most price ranges, but the most significant gains occurred from homes priced over $600,000.
Despite the year-over-year jump in new listings, inventory levels remained low than...
CALGARY Q3 2023 MARKET UPDATE
Posted on Nov 17, 2023 in Market Updates
City of Calgary, Nov. 17, 2023 - The Calgary Real Estate Board (CREB®) has released its Q3 2023 housing market report, providing a comprehensive overview of the real estate landscape in the City of Calgary and surrounding areas. The report showcases trends in sales and pricing, offering valuable insights for industry professionals and prospective h...
NOVEMBER 2023 MARKET UPDATE
Posted on Nov 01, 2023 in Market Updates
October sales activity slowed over the last month in alignment with typical seasonal patterns. However, with 2,171 sales, levels were 17 percent higher than last year and amongst the highest levels reported for October. Sales activity has been boosted mainly through gains in apartment condominium sales as consumers seek affordable housing options d...
OCTOBER 2023 MARKET UPDATE
Posted on Oct 03, 2023 in Market Updates
Calgary home sales hit record highs in September, with 2,441 sales, yet supply remains a challenge. Despite the year-over-year gains reported over the past four months, year-to-date sales are still nearly 12 percent lower than last year's levels.
New listings also improved this month compared to last year and relative to sales. This caused the sales...
New listings also improved this month compared to last year and relative to sales. This caused the sales...
SEPTEMBER 2023 MARKET UPDATE
Posted on Sep 01, 2023 in Market Updates
Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15 percent compared to last year.
While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained...
CALGARY Q2 2023 MARKET UPDATE
Posted on Aug 16, 2023 in Market Updates
CREB, August 2023 - The Calgary Real Estate Board (CREB®) has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales, demand and pricing. As expected, sales activity has slowed from last year’s record-breaking pace while staying stronger than long-t...
AUGUST 2023 MARKET UPDATE
Posted on Aug 01, 2023 in Market Updates
Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18 percent, reflecting the strongest July levels reported on record. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Despite recent gains, year-to-date sales have d...
JULY 2023 MARKET UPDATE
Posted on Jul 04, 2023 in Market Updates
The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels.
Notably, there has been a positive trend in new listings, provi...
JUNE 2023 MARKET UPDATE
Posted on Jun 01, 2023 in Market Updates
At the same time, we continue to see fewer new listings on the market than last year, causi...
MAY 2023 MARKET UPDATE
Posted on May 01, 2023 in Market Updates
Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city.
“While sales activity is performing as expected, the steeper pullback in ne...
“While sales activity is performing as expected, the steeper pullback in ne...
CALGARY Q1 2023 MARKET UPDATE
Posted on Apr 28, 2023 in Market Updates
“Wh...