Sales decline by two per cent from last year amidst COVID-19 pandemic City of Calgary, July 2, 2020 – After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totaling 1,747 units. Caution remains necessary as monthly sales are nearly two per… [Read More]

COVID-19’s impact on Calgary housing market continues City of Calgary, June 1, 2020 – Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary. May sales totalled 1,080 units, a 44 per cent decline from last year’s figures. “The initial shock of COVID-19… [Read More]

Calgary real estate market feeling impact of COVID-19 City of Calgary, May 1, 2020 – After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63 per cent over last year. “The decline in home sales… [Read More]

COVID-19 weighing on housing market City of Calgary, April 1, 2020 – After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society. The economic impact is starting to be felt across many industries. This includes the housing market. March sales activity started the month strong, but… [Read More]

Home sales see a bump City of Calgary, March 2, 2020 – This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s. With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a… [Read More]

2020 opens with a slight gain in sales City of Calgary, February 3, 2020 – Housing market conditions continue to follow similar trends to last year, with gains in sales. At the same time, there have been further reductions in new listings, inventory and more declines in prices. January sales activity was 863 units, nearly… [Read More]

Calgary’s real estate market in December caps off 2019 with more signs of stability City of Calgary, January 2, 2020 – December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year. A stronger second half in 2019 was enough to push annual sales… [Read More]

Calgary housing market still favours the buyer City of Calgary, December 2, 2019 – Year-to-date residential sales in the city remain just above last year’s levels due to improvements in the attached sector so far this year. However, November sales activity eased over last year’s levels, mostly due to pullbacks in the apartment sector. Meanwhile,… [Read More]

Homes under $500,000 moving to more balanced conditions City of Calgary, November 1, 2019 – Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product. New listings also eased, which helped reduce inventory levels and the oversupply in the market. Despite the… [Read More]

Shifting to stability City of Calgary, October 1, 2019 – For the third consecutive month, sales activity improved over last year’s figures, and year-over-year new listings and inventories eased. This trend will help support more stability in the housing market. “Price declines have likely brought some buyers back into the market,” said CREB chief economist… [Read More]

Oversupply is slowing, but a buyers’ market remains City of Calgary, September 3, 2019 – Increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000. “Employment numbers have been improving, but mostly in industries that are traditionally lower paid,” said CREB chief economist Ann-Marie Lurie. “This… [Read More]

Sales improving and inventory declines for fourth month in a row City of Calgary, August 1, 2019 – For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings. The market continues to favour the buyer, but… [Read More]