Michael's Corner: Calgary Real Estate Advice & Analysis

Calgary Real Estate Market Update – February 2023

March 1, 2023 Lowest February inventory since 2006Sales, new listings, and inventory levels all trended up compared to last month, in line with expected seasonal activity. With only a modest increase over the previous month, inventory levels were among the lowest for February since 2006 with 1,740 s

Calgary Real Estate Market Update – January 2023

February 1, 2023 There are not many affordable properties available in January. The number of new postings dropped to their lowest levels since the late 1990s in January. Although new listings decreased across almost all price ranges, the rate of fall was faster for properties with lower prices.Addi

Calgary Real Estate Market Update – December 2022

January 1, 2023 2022 had Record-Breaking Sales Along with a 12% Growth in PricesHome sales in December softened, but slow sales throughout the last six months of the year were not sufficient to offset the gains made earlier, resulting in a record-breaking 29,672 units sold in 2022.The last few month

Calgary Real Estate Market Update – November 2022

December 1, 2022 Looks Like 2022 Will Go Down as a Record Year for Residential Sales Home sales in Calgary slowed down to just 1,648 units in November, which was a 22% year-over-year decline, but still 12% higher than the city’s 10-year average.The past six months’ pullback in sales was not sufficie