COVID-19 weighing on housing market

Posted on Apr 03, 2020

City of Calgary, April 1, 2020 –
After a strong start to 2020, economic conditions have dramatically changed, as COVID-19 is impacting all aspects of society.
The economic impact is starting to be felt across many industries. This includes the housing market.

March sales activity started the month strong, but quickly changed, as concerns regarding t...

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Home sales see a bump

Posted on Mar 04, 2020

City of Calgary, March 2, 2020 –
This month saw a double-digit gain in sales, but last February was one of the slowest levels of activity since the late ’90s.
With the extra day this February, monthly sales totaled 1,197 units. A combination of these two factors resulted in a 23 per cent improvement over last year, but sales remain well below longer...

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2020 opens with a slight gain in sales

Posted on Feb 03, 2020

City of Calgary, February 3, 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 eight per cent higher than last year’s levels. While sales remained...

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Calgary’s housing market expected to support more stable conditions in 2020

Posted on Jan 17, 2020

Calgary, Jan. 14, 2019 – 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 per cent.
However, as Calgary moves into the sixth year of this cycle, there are ind...

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Calgary’s Real Estate market in December caps off 2019 with more signs of stability

Posted on Jan 08, 2020

City of Calgary, January 2, 2019 – 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 one per cent.
“Price declines, lower mortgage rates and some modest improvements in full-time employment...

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Calgary housing market still favours the buyer

Posted on Dec 03, 2019

City of Calgary, December 2, 2019 – Year-to-date residential sales in the city remain just above last year’s levels due to improvements in the attached sector so far this year.
However, November sales activity eased over last year’s levels, mostly due to pullbacks in the apartment sector.
Meanwhile, new listings eased enough relative to sales to cau...

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