Calgary Market News

Calgary Housing Market Statistics & Market Information

Activity on the Calgary Real Estate Market

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There are currently 45 blog entries related to this category.

Demand for detached housing continues to rise

 Calgary June 1, 2017 - Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs.

 "The economic climate is supporting detached housing market recovery," said CREB® chief economist Ann-Marie Lurie.

 "Improved demand and easing supply has created more balanced conditions and ultimately some modest price gains. While it will still take some time for prices to recover, the transition in the detached segment is an important first step to stabilization across all segments of the housing market."

 For the first time since June 2015, prices in the detached sector did not decline on a year-over-year basis.  Unadjusted detached benchmark

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City-Wide Prices Hold Steady as Labour Market Improves

 Calgary May 1, 2017 - Calgary's housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, city-wide benchmark prices reached $439,600 in April, similar to the previous month, but 0.90 per cent below last year's levels.

 "More jobs means less uncertainty for people who are sitting on the fence," said CREB® president David P. Brown. "There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market. It's a good scenario for sellers who are entering a spring market that's in better shape than anything we've seen in recent years."

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Detached prices stabilize as city-wide inventory trends down

City of Calgary, April 3, 2017 - After a long period of disconnect between supply and demand, Calgary's detached housing sector is firmly in balanced territory. Sales were still 10 per cent below long-term trends in March, but above levels seen in recent years, while average inventory declined compared to last year, supporting price stability in the detached market.

"It's not so much that demand went through the roof in March, but that we had less supply come onto the market, which is really helping to balance things out," said CREB® president David P. Brown. "These changes are lifting the cloud of uncertainty for housing consumers and nicely positioning our market as we move into the more

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Detached sales activity boosts February housing market

Calgary, March 1, 2017 - After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.

As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on pricing. Unadjusted detached benchmark prices totaled $501,900 in February, which is one per cent lower than prices recorded last year, but slightly higher than January figures.

"There seems to be a new sense of optimism these

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Calgary Market Report February 2017

Download a copy of The Calgary Real Estate Market Report February 2017

City of Calgary, February 1, 2017 - For the fourth consecutive month, housing inventory levels have recorded year-over-year declines. At 4,112 total units, January's inventory was 18 per cent below last year's levels.

"While housing conditions continue to favour buyers, a slow transition toward more balanced conditions is helping to ease downward pressure on home prices," said CREB® chief economist Ann-Marie Lurie. "Conditions have improved over last year, but people need to remember that last year's market was one of the weakest on record. Despite the appearance of a major shift in activity, the transition in the housing market is going

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December Market Report - Alberta

Click here for the full monthly report, including additional details on the outlook for Alberta's housing market in 2017.

I. Alberta MLS® Trends

A total of 2,612 Alberta residential unit sales were recorded through the MLS® Systems of real estate Boards/Associations in December, rising 3.2 per cent from the same month last year. The average MLS® residential price in Alberta rose to $395,694, an increase of 1.6 per cent from December 2015.

Only the Calgary Real Estate Board saw an increase in monthly residential average prices from year-ago levels, while the remaining nine Boards/Associations saw decreases of varying degrees (see chart below for detailed information).

The value of all home sales in the

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 Hi Everyone,

Yay!  Welcome 2017! This is going to be a great year!

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On to real estate - It is my genuine belief that we are currently in the sweet spot for buying a home or for a move up purchase in Calgary - so please don't be shy to reach out to me - you know I am always available…
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Calgary Market Report December 2016

Download a copy of the Calgary Market Report December 2016 here.

City of Calgary, December 1, 2016 - Coming off a month of stronger sales activity, November's housing market returned to previous trends. Year-over-year monthly sales totaled 1,227 units, which is nearly three per cent lower than last year and 17 per cent below long-term averages.

"November was the first full month with CMHC's new lending rules in effect," said CREB® chief economist Ann-Marie Lurie. "As suspected, the gains in last month's sales were temporary. Stringent conditions for borrowers are converging with the current economic climate and weighing on demand."

While supply levels eased in November, the decline in sales resulted in

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Calgary Market Report November 2016

Download a copy of the Calgary Market Report November 2016 here

City of Calgary, November1, 2016 – For the first time in two years, sales activity in October resembled normal levels. City-wide sales totaled 1,644 units, which is an increase of nearly 16 per cent over last year.

“The shift in sales activity this month is likely related to the new mortgage rule changes, inventory gains in the lower price ranges and further price adjustments,” said CREB® chief economist Ann-Marie Lurie. “The combination of all these factors may have encouraged some purchases to take advantage of the market conditions, particularly in the lower price ranges. However, with several factors at play, the monthly shift in demand

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