Calgary Real Estate Market Update - March 2019

March 2019 – Market Update Housing Market Still Chilly Due to Persistent Oversupply Calgary’s weak economy continues to contribute to soft sales in a housing market with elevated inventory. The result of this is certainly reflected in prices. “The ongoing slow down in home sales continuing into February is no surprise,” said Ann Marie Lurie, […]

Calgary Real Estate Market Update - February 2019

February 2019 – Market Update January Kicks Off 2019 with Sluggish Home Sales The economic challenges of 2019 continue into the New Year with Calgary’s housing market still moving at a snail’s pace. Home sales in January reached only 804 units, which is 16% lower than January 2018 and 21% lower than the long-term January […]

Calgary Real Estate Market Update - January 2019

January 2019 – Market Update Oversupply Continues to Affect the Housing Market in Calgary Home prices in Calgary were down 1% in December compared to November and are more than 3% below December 2017, due to the ongoing oversupply. Sales came to a total of 794 units in December, which is a stark 21% decline […]

Calgary Real Estate Market Update - December 2018

December 2018 – Market Update Challenging Economy Continues to Affect the Resale Market Sales in Calgary for November came to 1,171 units, which is lower than long-term averages. So far this year sales have reached 15,349 units, which is a 14% decline over 2017 figures and nearly 20% lower than long-term averages. Ann-Marie Lurie, CREB® chief […]