Urban Upgrade & NewInfills

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...

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...

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...

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...

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...

JUNE 2021 MARKET UPDATE

Posted on Jun 01, 2021 in Market Updates

Inventory Rises, But Sellers' Market Conditions Persist - With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month. "The recent gains in prices have...

MAY 2021 MARKET UPDATE

Posted on May 03, 2021 in Market Updates

Demand For Homes Remains High With Record Sales In April! - There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020. "Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens," said CREB® c...

CALGARY Q1 2021 MARKET UPDATE

Posted on Apr 20, 2021 in Market Updates

CREB, April 2021 - The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is suppo...

APRIL 2021 MARKET UPDATE

Posted on Apr 01, 2021 in Market Updates

Calgary Housing Market Sees Best March Sales in Over a Decade! - The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007. “Low lending rates and improved savings have supported s...

MARCH 2021 MARKET UPDATE

Posted on Mar 05, 2021 in Market Updates

With gains in every price range, residential sales activity in February totalled 1,836. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist Ann-Marie Lur...

FEBRUARY 2021 MARKET UPDATE

Posted on Feb 03, 2021 in Market Updates

January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021. Sales activity improved across all product types and across all price ranges. “Discount lending rates are exceptionally low, which is likely attracting all types of buyers back into the market...

JANUARY 2021 MARKET UPDATE

Posted on Jan 04, 2021 in Market Updates

With December sales of 1,199, this is the highest December total since 2007. "Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing activity like...

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