Oversupplied market weighs on prices City of Calgary, November 1, 2018 – Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market. Citywide benchmark prices totalled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent. “Job growth in… [Read More]

City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary’s sales activity totaled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market. “Calgary’s economy continues to struggle… [Read More]

Unemployment rate slows housing market recovery City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous… [Read More]

Patience required in Calgary’s housing market recovery City of Calgary, August 1, 2018 – 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… [Read More]

Weak sales persist in Calgary and beyond City of Calgary, July 3, 2018 – Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines. The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of… [Read More]

Lending conditions weigh on housing demand City of Calgary, June 1, 2018 – May sales activity continue to ease with the largest declines occurring in the detached sector. Additional gains in new listings continue to increase inventory levels. City-wide sales activity in May totaled 1,726 units and is 19 per cent below last years’ levels. This is… [Read More]

Soft Sales Continue in April Prices steady, but struggles in Alberta economy weighs on housing City of Calgary, May 1, 2018 – Changes to the lending industry and a challenging economic recovery are weighing on sales activity in Calgary’s housing market. Supply levels have not adjusted to the weaker demand environment, and that is preventing… [Read More]

Housing market inventory on the rise Prices remain stable compared to last year City of Calgary, April 2, 2018 – As expected, slow sales this quarter have persisted through March in the City of Calgary. This is not a surprise, after stronger growth in sales at the end of last year following the announced changes to… [Read More]

A Bumpy Road to Recovery Calgary housing market prices hold, but sales fall City of Calgary, March 1, 2018 – 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… [Read More]

Housing Market Déjà Vu in January As expected, Calgary sales activity similar to last year City of Calgary, February 1, 2018 – The new year opened predictably, with monthly figures close to the Januarys of the past three years. With new mortgage rules and rates officially in effect, sales activity in January remained comparable to… [Read More]

Two sides of a story December sales activity rises again but so does supply. City of Calgary, January 2, 2018 – Sales activity for all product types improved in December and pushed monthly sales to long-term averages for the second month in a row. However, new listings also rose, keeping inventory elevated compared to typical levels… [Read More]

Home improvement November marks a rise in sales. City of Calgary, December 1, 2017 – The November housing market was spurred by a rise in sales, particularly in the lower price ranges. Sales totaled 1,411 units in November, an increase of 15 per cent over last year. This is comparable to longer – term averages for… [Read More]