The Calgary real estate market 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, providing relief and…
Lower priced homes in Calgary are in high demand! 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…
Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 percent, but 12 percent 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 percent above last year’s record high. The year-to-date…
Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 percent compared to last year. However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above…
City of Calgary, March 1, 2022 – Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last month’s levels. However, with only one month of supply, the market continues to favour the seller.…
For the full report, please download CREB®‘s Q3 2021 Calgary & Region Quarterly Update Report here. 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 strength in demand was likely…
Calgary Homes Sales 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 likely…
Inventory rises, but sellers’ market conditions persist (Links updated) City of Calgary, June 1, 2021 – 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 the…
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® chief economist Ann-Marie Lurie. “However, the recent…
With the Calgary seller’s market showing 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 Lurie.…
For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain. Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over three per cent…
CREB’s Calgary Housing Report has reported the third-quarter activity was far better than original expectations, as sales activity in the city improved by nearly 12 percent over last year’s levels. Some of the shift in the third quarter reflects activity that likely would have occurred in the second quarter. The housing market also benefited from…
Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market. The month of July saw 1,547 units sold in Calgary, nearly five per cent below last year. New listings eased to 2,964 units, causing inventories to total…
Calgary housing market prices hold, but sales fall Residential home sales declined in February, but a decline in new listings helped keep prices steady this month. Sales totaled 1.094 units in February, 18 per cent below last year’s activity. Easing sales occurred across all property types this month, which outpaced the sales growth that occurred…
Growth in new listings outpaced sales preventing inventory declines Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated. Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties. While inventories were 16 per cent higher than August 2016 levels, the slight rise…
The first-half of 2017 marked a shift in Alberta’s economy from recession to recovery, with conditions supporting stability rather than expansion. “Economic challenges continue to exist, as high unemployment rates, weak migration levels and more stringent lending conditions are weighing on the housing market,” said CREB® chief economist Ann-Marie Lurie. “This will continue to cause…
Supply gain in apartment sector threatens to impact price Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price. Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease the previous month. Despite the…
While the recent drop in oil prices has caused speculation about implications for the housing sector, stable conditions are expected given current forecasts for employment and migration. “While employment and migration are expected to support housing demand, estimates could change depending on the extent and duration of oil price declines,” said Ann-Marie Lurie, CREB®’s chief…
On the heels of a strong year of sales growth, January sales in the city of Calgary totaled 1,440 units, a 17 per cent increase over the previous year. “Sales growth continues at the double digit pace seen over the later portion of 2013, mostly due to the gains in the condominium sector,” said CREB®…
Calgary, July 2, 2013 – Sales activity in June exceeded growth expectations. City of Calgary monthly residential sales totaled 2,317, a six per cent increase over June 2012 figures, and nearly five per cent higher than levels recorded in the first half of 2012. However, the impact of recent flooding is expected to trickle into…
Calgary, April 2, 2013 – The inventory of active homes for sale in Calgary are the lowest March levels in more than five years. The decline in new listings hampered resale sales growth, which declined by more than two per cent in March compared to March 2012. New listings in March are five per cent…
Residential real estate sales in the city of Calgary ended the year on a high note, with sales volume up 15 per cent in 2012 compared to 2011, and benchmark prices up five per cent. “Calgary’s housing market has finally started to recover,” said Ann-Marie Lurie, CREB®’s chief economist. “While prices remain shy of the…
Calgary resale market remains in balance while Inventories continue to fall, but sales growth eases to keep market stable. Residential sales in the City of Calgary have increased by 15 per cent on a year-to-date basis, and were up 8-per-cent in November compared to the same month in 2011. Nearly eight consecutive months of double-digit,…
Year-over-year sales growth remains in double digit territory Calgary, Nov. 1, 2012 – City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011. The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011. “Relative to national trends, we continue to move in…
Resale market continues slow and steady recovery Calgary, Oct. 1, 2012 – Residential sales activity continues to improve in the Calgary area, as year-over-year sales for the month of September increased by 11 per cent. After the first three quarters of the year, residential sales within city limits totaled 17,018, a 15-per-cent increase over 2011.…
Calgary, August 1, 2012 – Calgary continues to buck national housing sale trends. The 1,936 residential units sold in July represent a 21.3-per-cent increase over 2011. “Recent mortgage rule changes prompted much discussion of a national housing correction. While the two largest cities (Vancouver and Toronto) have started to witness declines in home sales activity,…
Original Article by Mario Toneguzzi, Calgary Herald It is a testament to Calgary’s strong luxury home market. An upscale Britannia home recently sold for $6 million in just days, as multiple bids upped the price by $1 million from its original listing, making it the third most expensive MLS sale ever in the city, the…
If you are thinking of investing in Calgary’s condos market now might be the right time to do so . 2012 is turning out to be a great year in the residential real estate market. The energy sector is booming and the future of Alberta is looking very bright. With low interest rates and favourable…
2012 2011 Calgary Metro – Single Family Sales 190 137 New Listings 340 275 Inventory 3,488 4,132 Sales to New 56% 50% Sales to Inv 5% 3% Calgary Metro – Condominium Sales 92 63 New Listings 145 137 Inventory 1,754 1,991…
New listings at a good price generating a lot of activity In response to member feedback, the 5 year summary stats report is available to members on CREB®Link under the monthly housing stats section and includes the median prices. In addition, the graphs available in CREB®Link show the relationship between the average, median and benchmark…