Calgary Real Estate Market Update - December 2023

January 2, 2024 Strong migration and low supply drive Calgary housing prices in 2023 In 2023, the real estate market experienced a relative ease in sales compared to the previous year’s peak, recording 27,416 sales. Despite this decrease, sales remained considerably higher than pre-pandemic levels. Notably, there was a discernible shift towards more affordable apartment-style […]

Calgary Real Estate Market Update - November 2023

Increased Listings, Strong Sales, and Continued Price Growth In November, the real estate market demonstrated robust performance, marked by a notable surge in new listings, strong sales, and sustained price growth. New listings soared to 2,227 units, representing an impressive 40% increase compared to the same period last year. The surge in listings was widespread […]

Proposed Act Aims to Restrict Non-Canadian Ownership of Residential Property

Introduction:In an effort to address the challenges faced by the Canadian housing market, the Canadian government has proposed a new act that seeks to regulate and restrict the purchase of residential property by non-Canadians. The act, known as the “Prohibition on Purchase of Residential Property by Non-Canadians Act,” aims to strike a balance between foreign … Continue reading "Proposed Act Aims to Restrict Non-Canadian Ownership of Residential Property"

Calgary Real Estate Market Update - April 2023

MAY 1, 2023 Prices rise to a new record level. Home prices were under additional upward pressure in April as a result of the ongoing seller’s market. After four months of consistent increases, the overall unadjusted benchmark price increased to $550,800, a new monthly high for the city and about 2% higher than last month. […]