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 moving to a more balanced condition

Posted on Nov 03, 2019

City 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, the market remains oversupp...

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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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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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