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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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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