Inventory rises, but sellers' market conditions persist

Posted on Jun 08, 2021

City of Calgary, June 1, 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.

“The recent gains in prices have encouraged more homeowners t...

Read More

Demand for homes remains high with record sales in April

Posted on May 09, 2021

City of Calgary, May 3, 2021 –

There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020.

"Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens," said CREB® chief economist Ann-Marie Lurie...

Read More

CREB®’s Q1 2021 Housing Report Released

Posted on Apr 20, 2021

City of Calgary, April 20, 2021 –
For the full report, please download CREB®’s Q1 2021 Calgary & Region Quarterly Update Report.   here

The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages.

The low-interest-rate environment, comb...

Read More

Calgary housing market sees best March sales in over a decade

Posted on Apr 02, 2021

Persistent sellers’ market conditions contribute to price gains

City of Calgary, April 1, 2021 –

The initial impact of COVID-19 on the housing market began last March.

One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007.

“Low lending rates and impro...

Read More

Sellers' market in February leads to rising prices

Posted on Mar 02, 2021

City of Calgary, March 1, 2021 –

With gains in every price range, residential sales activity in February totalled 1,836.

This reflects the best February since 2014.

“Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB®...

Read More

January sales signal strong start to 2021

Posted on Feb 03, 2021

City of Calgary, February 1, 2021 –

January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021.

Sales activity improved across all product types and across all price ranges.

“Discount lending rates are exceptionally low, which is likely attracting all type...

Read More