Market Updates

Market Updates

The Calgary Real Estate Board has released its update on the market! Here are some of the highlights from their report:

  • "Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales" (The Calgary Real Estate Board ).
  • "The sales-to-new-listings ratio remained elevated at 87 per cent, preventing any significant shift from the low inventory situation. Inventory levels in August dropped to 3,254 units" (The Calgary Real Estate Board ).
  • "The unadjusted benchmark price reached $570,700 in August, representing the eighth consecutive monthly gain. Prices have trended up across all property types, with row-style properties reporting the largest increase" (The Calgary Real Estate Board ).

Calgary Real Estate…

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The stats are in for June, and the Calgary real estate market remains strong!

Each month we cover the real estate statistics updated provided by the Calgary Real Estate Board. You can see all of our summaries with links to their data by clicking here. 

Without further ado, here are some highlights from the Calgary Real Estate Board's latest report:

  • "The housing market in Calgary witnessed a surge in apartment condominium sales, setting a new total residential record with 3,146 sales achieved in June. Although year-to-date sales are currently 23 percent lower than last year, they remain significantly higher than pre-pandemic levels" (The Calgary Real Estate Board)
  • "... there has been a positive trend in new listings, providing relief and…

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The Calgary Real Estate Board is on a mission to provide valuable market information and resources to buyers, sellers, investors and real estate professionals. They provide so much incredible content in an accessible manner, allowing everyone equal opportunity in understanding the sometimes chaotic world of real estate. They just released their summary of what happened in the real estate market in April. Here are some of the highlights from their report, which you can read in full by clicking here:

  • "After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city" (The Calgary Real Estate Board).
  • "Sales reached 2,690 units…

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It is time for another real estate update, courtesy of The Calgary Real Estate Board. You can visit their website by clicking here, which is a great resource to help you become a more informed buyer, seller, and real estate investor.

Here are the highlights from their most recent report, which you can read in full by clicking here:

  • "Sales and new listings have improved... the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly in the seller’s territory." (The Calgary Real Estate Board)
  • "Total unadjusted residential home prices reached $541,800 in March,…

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The Calgary Real Estate Board has released its latest batch of real estate statistics following the month of February. Here are some of the highlights from their report, which you can read in full by clicking here: 

  • "Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month" (The Calgary Real Estate Board)
  • "With 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006" (The Calgary Real Estate Board)
  • "While sales activity remained stronger than long-term trends and levels reported throughout the 2015 to 2020 period, new listings fell below long-term trends" (The Calgary Real…

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The Calgary Real Estate Board's latest market update has been released, and 2023 is already off to a great start! While there are shifts that may feel like the market is taking a hit, it actually is just beginning to balance itself out. This is good, and setting 2023 up for success. Here are some highlights from the report, which you can read in full by clicking here:

  • "The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties."
  • "There has been a shift in the composition of sales as detached homes only comprised 47 per cent of all sales."
  • "With 2,451 units available in inventory, levels remain 43 per…

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The Calgary Real Estate Board had it's annual forecast event where they shared what we can expect from the real estate market in 2023. Here are some of the highlights from their report: 

  • "Elevated lending rates are expected to weigh on sales in 2023, bringing levels down from the record high in 2022. However, with forecasted sales of 25,921 in 2023, levels are still expected to be higher than the activity reported before the pandemic" (Calgary Real Estate Board).
  • "Supply levels declined to the lowest levels seen in over a decade as gains in higher price properties did not offset the supply declines occurring in lower-priced homes. This has left our market in a situation where lower-priced properties still face sellers’ market conditions while…

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2022 was a wild year for Calgary real estate from start to finish. The Calgary Real Estate Board writes, “2022 saw record-high sales and double-digit price growth.” In their report they detailed more highlights from the last month in the year, December. Here are some quick facts from the report, which you can read in full by clicking here:

  • "Slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022" (Calgary Real Estate Board)
  • "As of December, there were 2,214 units available in Inventory, making it the lowest level of inventory reported for December in over a decade." (Calgary Real Estate Board)
  • "Benchmark prices eased to $518,800 in December, down nearly five…

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Here at Team Ken Richter we are proud members of RE/MAX Real Estate (Central). Being part of the RE/MAX team is an honour, and we are proud to see the continued growth of this incredible company. 

In their statement summarizing growth from 2022 and plans for 2023, RE/MAX offered the following exciting update: 

"This year RE/MAX continued to lead the industry in many ways, and we have a lot to be proud of. RE/MAX has the largest network of brokers and agents across Canada. With 25,000+ agents including Quebec, RE/MAX is home to the most trusted* and most experienced agents and teams in the industry, and has some of the most successful Broker/Owners in the country who have managed to recruit 800+ agents this year alone. Our brand presence reached…

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The highlight from the Calgary Real Estate Board's market analysis for November 2022? "2022 [is] on track to be a record year for real estate" (Calgary Real Estate Board). This should come as no surprise to those who have been following market trends this past year and stayed informed on what has been going on. The informed buyers, sellers, and investors have been successful, reaping the rewards of one wild year of real estate!

Here is what else the Calgary Real Estate Board had to say in their most recent report:

  • "Residential sales in the city slowed to 1,648 units" (Calgary Real Estate Board)
  • However, "year-to-date sales remain nearly 10 per cent above last year’s record high. The year-to-date sales growth has been driven by a surge in…

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