Optimum Realty Group - Blog

Price growth slows as supply to demand balance improves

Posted on Aug 03, 2021

City of Calgary, August 3, 2021 –

July sales totaled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in inventory levels, and while overall supply remains slig...

CREB®’s Q2 2021 Housing Report released

Posted on Aug 03, 2021

City of Calgary, July 29, 2021 –

For the full report, please download CREB®'s Q2 2021 Calgary & Region Quarterly Update Report.

Within the city of Calgary, sales totalled 15,050 units after the first half of the year, the highest levels seen in more than a decade.

“While pent-up demand and low interest rates were expected to support sales growth in...

Supply trends up but market still favours the seller

Posted on Jul 06, 2021

City of Calgary, July 2, 2021 –

Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.

“It is taking time for supply to catch up with the demand in the market,” said CREB® chief economist Ann-Marie Lurie.

“Through the early spring market, many buyers did not have a lot of choi...

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...

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...

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...

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