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Oct 2019 CREB Stats

Oct 2019 CREB Stats

Homes under $500,000 moving to more balanced conditions 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, the market […]

Sept 2019 CREB Stats

Sept 2019 CREB Stats

Shifting to stability 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 Lurie, noting improvements in the market […]

Aug 2019 CREB Stats

Aug 2019 CREB Stats

Sales activity increase led by lower-priced homes 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 shift that we […]

July 2019 CREB Stats

July 2019 CREB Stats

Sales improving and inventory declines for fourth month in a row 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 […]

June 2019 CREB Stats

June 2019 CREB Stats

New listings coming onto the market continued to decline in June, which is helping to reduce the oversupply of homes in Calgary. Year-over-year, new listings saw a decrease of nearly 19 per cent. Sales activity slowed this month compared to last year by six per cent, but the pullback in new listings was enough to […]

May 2019 CREB Stats

May 2019 CREB Stats

Sales growth in May was met with a decline in new listings. This combination eased the pressure on inventory levels, which finished the month at 7,467 units, a decline of 12 per cent compared to last year. Improving sales relative to inventory levels caused the months of supply to ease to just under four months. […]

April 2019 CREB Stats

April 2019 CREB Stats

April brings a slight inventory decline There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels. The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared to last […]

March 2019 CREB Stats

March 2019 CREB Stats

Oversupply persists despite improved sales activity for affordable product March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors. Shifts in the lower end of the market have not outweighed easing across the higher priced product. […]

Feb 2019 CREB Stats

Feb 2019 CREB Stats

Housing market feels the chill as oversupply continues The effects of Calgary’s economic climate continue to create weak sales activity and elevated inventory in the city’s housing market. As a result, prices are being affected. “It is not a surprise that slowing activity in the housing market has persisted into February,” said CREB® chief economist […]

Okotoks: Small-Town Charm

Okotoks: Small-Town Charm

If you have ever thought to yourself, I don’t want to live in this big of a city, but can not live without all the amenities – Okotoks could be for you! Despite market setbacks and price drops in nearby Calgary, the Okotoks housing market managed to emerge relatively unscathed from 2018. Okotoks is a […]