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 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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Oversupply is slowing, but a buyers’ market remains

Posted on Jul 08, 2019

City of Calgary, July 2, 2019 – 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 caus...

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April brings a slight inventory decline

Posted on May 03, 2019 in General

City of Calgary, May 1, 2019 – 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 year.

The slight adju...

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Oversupply persists despite improved sales activity for affordable product

Posted on Apr 03, 2019 in General

City of Calgary, April 1, 2019 –

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. First-quarter sales dropped to 3,108 units...

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