MARKET UPDATES

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...

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JUNE 2023 MARKET UPDATE

Posted on Jun 01, 2023 in Market Updates



Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the monthly gains have not outweighed earlier declines, this does reflect a shift from the declines reported at the start of the year.

At the same time, we continue to see fewer new listings on the market than last year, causi...

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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...

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CALGARY Q1 2023 MARKET UPDATE

Posted on Apr 28, 2023 in Market Updates



CREB, April 2023 - Sales activity has behaved as expected through the start of 2023 and slowed by 43 per cent over last year’s all-time record-high performance in the first quarter. The steeper decline in the first quarter was expected, given the surge in sales last year, as purchasers were eager to enter the market ahead of expected rate gains.

“Wh...

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APRIL 2023 MARKET UPDATE

Posted on Apr 03, 2023 in Market Updates



Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly...

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MARCH 2023 MARKET UPDATE

Posted on Mar 01, 2023 in Market Updates



Consistent with typical seasonal behaviour sales, new listings, and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

“While higher lending rates are impacting sales acti...

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