calgary real estate market

Lending conditions weigh on housing demand

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May sales activity continues 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 24 per cent below longer term averages. Sales activity in the detached sector declined to levels …

calgary real estate market

Soft sales continue in April

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Prices steady, but struggles in Alberta economy weighs on housing 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 price recovery. “Slower sales do not come as a surprise, given the economy has not yet improved …

calgary real estate market

Housing Market Inventory on the Rise

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Prices remain stable compared to last year 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 the lending market. First quarter sales totaled 3,423 units, nearly 18 per cent below last year’s levels …

calgary real estate market

A Bumpy Road to Recovery

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Calgary housing market prices hold, but sales fall 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 all property types this month, which outpaced the sales growth that occurred in January. After the first …

calgary real estate market

Housing Market Déjà Vu in January

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As expected, Calgary sales activity similar to last year 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 last year, as rising sales for attached properties were not enough to offset declines in both the apartment …

calgary real estate market

Two Sides of the Story

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December sales activity rises again but so does supply. 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 for December. With more supply remaining compared to sales, benchmark prices edged down for the fifth …

calgary real estate market

Home Improvement

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November marks a rise in sales. 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 the month of November. Improved sales activity occurred in each of the housing segments, with …

calgary real estate market

Status quo for Calgary’s housing market

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Prices remain similar to last year, but ease in October 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 in the year. October sales and inventories totaled 1,467 and 6,463 units for a month of supply …

calgary real estate market

Housing recovery remains a work-in-progress

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Market sees modest inventory gains, but overall prices inch up 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 units, six per cent below July 2016 levels. Year-to-date sales activity totaled 11,957 units, nine per cent …

calgary real estate market

June spells a gradual recovery

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Stable prices in detached sector signal balanced conditions despite increased inventory 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 …