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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Homes under $500,000.00 moving to more balanced conditio

Posted on Nov 03, 2019

Blog post content goes hereCity of Calgary, November 1, 2019 – Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product.

New listings also eased, which helped reduce inventory levels and the oversupply in the market. Despite the move to more balanced conditions...

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Third quarter 2019 housing market update: Stronger sales driven by affordable product and supply reduction

Posted on Oct 22, 2019

City of Calgary, October 22, 2019 – Third-quarter activity continues to show signs of improvement. Similar to last quarter, much of the improvement in the market has been driven by supply adjustments.However, the housing market has also benefited from stronger year-over-year gains in sales activity this quarter. Price declines have likely contribut...

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Shifting to Stability

Posted on Oct 02, 2019

City of Calgary, October 1, 2019 – For the third consecutive month, sales activity improved over last year’s figures, and year-over-year new listings and inventories eased. This trend will help support more stability in the housing market.“Price declines have likely brought some buyers back into the market,” said CREB® chief economist Ann-Marie Lur...

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Sales activity increase led by lower-priced homes

Posted on Sep 16, 2019

City of Calgary, September 3, 2019 – Increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000.“Employment numbers have been improving, but mostly in industries that are traditionally lower paid,” said CREB® chief economist Ann-Marie Lurie. “This is contributing to the...

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Sales improving and inventory declines for fourth month in a row

Posted on Aug 07, 2019

City of Calgary, August 1, 2019 – For the fourth consecutive month, inventories in the market declined compared to last year. This is due to the combination of improving sales and a decline in new listings. The market continues to favour the buyer, but a continuation in supply reduction compared to sales is needed to support more balanced condition...

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