Supply Levels Improve, Creating a More Balanced Market
Calgary’s housing market is seeing a much-needed shift as inventory levels continue to improve. Following three years of limited supply, January recorded 3,639 available units—marking a significant 69% year-over-year gain. However, despite this increase, inventory levels remain below the typical...
2024 marks another strong year for sales and price growth
Calgary’s real estate market finished 2024 on a high note, showcasing resilience and strength despite ongoing supply challenges. December recorded 1,322 sales—a 3% decline from the previous year but nearly 20% above long-term trends for the month. For the year, overall sales nearly matched 20...
Supply on the Rise, but Not Across All Price Ranges
As we transition into winter, Calgary’s housing market is slowing down in line with typical seasonal trends. However, demand remains relatively strong compared to historical averages. In November, sales activity in detached, semi-detached, and row homes helped offset a decline in apartment condomin...
As we move further into the fourth quarter of 2024, Calgary’s real estate market is showing signs of balance, particularly in higher price ranges. October sales reached 2,174—24% above long-term trends for the month—demonstrating that demand remains robust despite a notable divide between price segment...
As we enter the fall season, the Calgary real estate market continues to show signs of shifting away from the extreme seller’s market conditions that we saw beginning of the year. While September saw a decline in overall sales compared to last year’s record highs, the market remains robust.
The Calgary real estate market continues to adjust from the extreme seller’s market we saw earlier this spring. According to the Calgary Real Estate Board (CREB®), August brought a noticeable shift as sales activity slowed and inventory levels began to rise. For the first time since 2022, the months of supply climb...