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 […]

Calgary Real Estate Market Update - November 2018

November 2018 – Market Update Calgary’s Struggle with Oversupply Causes Home Prices to Soften Prices are softening in Calgary’s housing market due to an elevated inventory when compared to sales. Benchmark prices across the city in October came to $426,300, which indicates a downward trend for the fifth straight month. The year-over-year result shows a […]

Calgary Real Estate Market Update - October 2018

October 2018 – Market Update Sluggish Economy and House Oversupply Leads to Buyer’s Market With no discernable changes in the economic picture, the sales in Calgary for September came to 1,272 units, which is 13% less than 2017, and far below the years-long averages. Across all housing types, there was a distinct pullback, especially in […]