Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005. “Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels have struggled to keep pace, causing tight conditions and additional price gains.”
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Calgary Market Insider November 2021
There were 2,186 sales in October, a record high for the month and over 35% higher than longer-term averages. Year-to-date sales are on pace to hit new record highs and are currently 61% higher than average activity recorded over the past five years and 42% higher than 10-year averages.
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Calgary Market Insider July 2021
Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.
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Calgary Market Insider June 2021
With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.
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Calgary Market Insider March 2021
With gains in every price range, residential sales activity in February totalled 1,836. This reflects the best February since 2014.
New listings improved in February, but the gap between new listings and sales narrowed. This is causing the sales-to-new-listings ratio to rise to 65%, keeping the months of supply well below three months.
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Calgary Market Insider December 2020
For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain. Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been strong enough to offset the pullbacks from the spring. Year-to-date sales remain over 3% lower than last year’s levels.
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Calgary Market Insider November 2020
With strong gains in the detached sector, October sales in the city reached 1,764 properties. This is a 23% increase over last year and well above longer-term averages.
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Calgary Market Insider September 2020
Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row homes. These gains offset declines in the apartment and semi-detached types of homes.
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Calgary Market Insider May 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% over last year.
“The decline in home sales does not come as a surprise. The combined impact of COVID-19 and the situation in the energy sector is causing housing demand to fall,” said CREB® chief economist Ann-Marie Lurie.
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