Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales 3% lower than levels recorded last year. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our market.
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Calgary Market Insider January 2022
Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary real estate sales reached 27,686 units this year, nearly 7% higher than last year and over 44% higher than the 10-year average.
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Calgary Market Insider October 2021
Residential 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.
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Calgary Market Insider January 2021
December had the highest amount of sales since 2007. A total of 1,199!
Attractive interest rates along with prices that remain lower than several years ago have likely supported some of the recovery in the second half of the year. However, it is important to note that annual sales activity declined by 1% compared to last year and remain well below long-term averages.
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Calgary Market Insider October 2020
September sales activity jumped to 1,702 units, the strongest September total since 2014.
New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market is still down 12% compared to last year.
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Calgary Market Insider April 2020
After a strong start to 2020, economic conditions have dramatically changed. March sales activity started the month strong, but quickly changed, as concerns regarding the spread of COVID-19 brought about social distancing measures. This had a heavy impact on businesses and employment.
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Calgary Real Estate and Coronavirus (COVID-19)
As your REALTOR®, I am actively monitoring news and updates on coronavirus (COVID-19) to best accommodate my clients, customers and business.
Under these current circumstances, it is more like business as UNusual. I, and my fellow REALTORS®, have never been obligated to put themselves or their clients or customers at risk and I can assure you that I will be thoughtful in how I approach each situation to ensure you, your family and I are safe and remain healthy. Don’t forget, I am always available for any questions or concerns, so don’t hesitate to reach out via email, phone or text.
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Calgary Market Insider February 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 8% higher than last year’s levels. While sales remained well below January activity recorded before 2014, they remain consistent with activity recorded over the past five years.
Continue reading → Calgary 2020 Market Forecast
Since the oil price crash, Calgary has faced job losses, wage reductions and tightening national housing policy. These factors have all contributed to the slower sales environment, excess supply and citywide price adjustments of more than 10%.
However, as Calgary moves into the sixth year of this cycle, there are indications of adjustments to these conditions throughout the housing market.
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Calgary Market Insider January 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 up by 1%. “Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market,” said CREB® chief economist Ann-Marie Lurie.
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