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]

Status Quo for Calgary’s Housing Market Prices remain similar to last year, but ease in October City of Calgary, November 1, 2017 – October’s housing market conditions closely echoed previous month’s trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier… [Read More]

The Big Picture Inventory increases and sales drop in September, but overall sales for the year remain higher than last year City of Calgary, October 2, 2017 – Strong gains in the first-half of 2017 has put the Calgary year-to-date sales at seven per cent above last years’ levels and 11 per cent below long-term… [Read More]

Housing recovery a balancing act Growth in new listings outpaced sales preventing inventory declines  City of Calgary, September 1, 2017 – 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… [Read More]

Housing recovery remains a work-in-progress Market sees modest inventory gains, but overall prices inch up City of Calgary, August 1, 2017 – Sales exhibited stable growth through the first half of the year in the Calgary housing market, but the number of transactions slowed slightly in July compared to last year. City-wide sales totaled 1,637… [Read More]

Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings. However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels to increase to 6,659 units, which is 11 per cent higher than last year’s levels.