MARKET UPDATES

FEBRUARY 2023 MARKET UPDATE

Posted on Feb 01, 2023 in Market Updates



The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties. 

At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there...

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CREB: 2022 MARKET SUMMARY & 2023 FORECAST

Posted on Jan 24, 2023 in Market Updates



Elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022.
However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic. Recent growth in migration and employment is expected to help offset the impact of higher lending r...

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CREB: 2022 ECONOMIC REVIEW & 2023 FORECAST

Posted on Jan 24, 2023 in Market Updates



The aftermath of the pandemic, along with geopolitical issues impacting global energy markets, has left many countries facing challenges with inflation and rising interest rates.
The persistent inflation in 2022 has triggered significant rate hikes from the bank of Canada this year, moving from 0.25 percent at the start of the year to 4.25 percent...

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JANUARY 2023 MARKET UPDATE

Posted on Jan 03, 2023 in Market Updates



2022 saw record-high sales and double-digit price growth - 
December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.

Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing furt...

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DECEMBER 2022 MARKET UPDATE

Posted on Dec 01, 2022 in Market Updates



2022 on track to be a record year for sales - Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average.

The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 per cent above last year’s...

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NOVEMBER 2022 MARKET UPDATE

Posted on Nov 01, 2022 in Market Updates



Sales remain stronger than pre-covid levels -
October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.

However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only two months to g...

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#101, 320 23 Ave SW  Calgary,  Alberta  T2S 0J2 

Phone: 403-800-0760

info@urbanupgrade.ca