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]

Oversupply is slowing, but a buyers’ market remains City of Calgary, July 2, 2019 – New listings coming onto the market continued to decline in June, which is helping to reduce the oversupply of homes in Calgary. Year-over-year, new listings saw a decrease of nearly 19 per cent. Sales activity slowed this month compared to… [Read More]

Sales activity improves for second consecutive month City of Calgary, June 3, 2019 – Sales growth in May was met with a decline in new listings. This combination eased the pressure on inventory levels, which finished the month at 7,467 units, a decline of 12 per cent compared to last year. Improving sales relative to… [Read More]

April brings a slight inventory decline City of Calgary, May 1, 2019 – There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels. The decline in new listings was enough to start chipping away at overall inventory levels,… [Read More]