Market Updates | Page #2

Market Updates

Each month the Calgary Real Estate Board releases a market update. This provides valuable information to give you a peek into where the market is at so you can set your expectations and make strategic decisions! 

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

Benchmark Price: $570,100 (average)

Sales: 1,366

New Listings: 1,248

Inventory: 2,164

Months of Supply: 1.58 (average)

Days on Market: 33 (average)

Calgary Real Estate Board chief economist Ann-Marie Lurie says, "Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market. At the same time, supply…

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The stats are in! Here are some of the highlights from the Calgary Real Estate Board's latest report:

  • "... with 2,171 sales, levels were 17 per cent higher than last year and amongst the highest levels reported for October" (Calgary Real Estate Board)
  • " Sales activity has been boosted mainly through gains in apartment condominium sales" (Calgary Real Estate Board)
  • "New listings also improved this month compared to last year, reaching 2,684 units" (Calgary Real Estate Board)
  • "... months of supply [is at] one and a half months" (Calgary Real Estate Board)
  • "The unadjusted benchmark price in October reached $571,600, a gain over last month and nearly 10 per cent higher than last October" (Calgary Real Estate Board)

CREB® Chief…

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Here are some highlights from the Calgary Real Estate Board's latest report:

  • "Sales reached another record high in September with 2,441 sales" (The Calgary Real Estate Board).
  • "Year-to-date sales are... nearly 12 per cent lower than last year's levels" (The Calgary Real Estate Board).
  • "The sales-to-new listings ratio [fell] to 76 per cent, preventing further monthly declines in inventory levels" (The Calgary Real Estate Board).
  • "The months of supply has remained relatively low at less than two months" (The Calgary Real Estate Board).
  • "The unadjusted residential benchmark price was $570,300, similar to last month and nearly nine per cent higher than last year" (The Calgary Real Estate Board).

You can read their full report by…

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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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