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Nov 2018 CREB Stats

Nov 2018 CREB Stats

Challenging economic conditions continue to impact the resale market Sitting below long-term averages, November sales in the city totaled 1,171 units. For the year so far, sales activity has totaled 15,349 units, a 14 per cent decline over last year and nearly 20 per cent below long-term averages. “Recent challenges in the energy sector have […]

Oct 2018 CREB Stats

Oct 2018 CREB Stats

Oversupplied Market Weighs on Prices Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market. Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent. Inventories and sales totaled 7,345 and 1,322 in October. This […]

Sept 2018 CREB Stats

Sept 2018 CREB Stats

Buyer’s market – is that a good thing? Well, that depends on your current situation. Are you a first-time home buyer? Do you have enough of a down payment? Are you selling as well? Are you willing to sell lower to buy lower? With no change in the economic climate, Calgary’s sales activity totaled 1,272 […]

Aug 2018 CREB Stats

Aug 2018 CREB Stats

City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous months by 0.8 per cent and are […]

Mid-Year Market Update

Mid-Year Market Update

“Stricter lending conditions, a rise in interest rates, persistently high unemployment and slow economic recovery have weighed on housing demand so far this year. Home sales have eased more than anticipated so far in 2018, as economic conditions did not improve enough to offset changes in the lending market. Inventories rose and the oversupply resulted […]

July 2018 CREB Stats

July 2018 CREB Stats

  The month of July saw 1,547 units sold in Calgary, nearly five per cent below last year. New listings eased to 2,964 units, causing inventories to total 8,450 units. With more supply than demand, prices continued to edge down, with a citywide average of $435,200. This amounted to a month-over-month price decline of 0.30 […]