CALGARY'S PLAN FOR THE HOUSING CRISIS
Posted on Sep 07, 2023 in Real Estate News
We're facing the hard truth right now that Calgary is in a housing crisis. The city is experiencing a critical housing shortage, creating affordability issues and beyond. Many people are finding it difficult to obtain shelter, both rental and purchase, and if they can find a place, being able to afford it has become a bigger obstacle than usual. Pl...
SEPTEMBER 2023 MARKET UPDATE
Posted on Sep 01, 2023 in Market Updates
Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15 percent compared to last year.
While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained...
CALGARY Q2 2023 MARKET UPDATE
Posted on Aug 16, 2023 in Market Updates
CREB, August 2023 - The Calgary Real Estate Board (CREB®) has released its Q2 2023 Housing Market Report. The report highlights a dynamic real estate landscape in the City of Calgary, showcasing strong trends in sales, demand and pricing. As expected, sales activity has slowed from last year’s record-breaking pace while staying stronger than long-t...
AUGUST 2023 MARKET UPDATE
Posted on Aug 01, 2023 in Market Updates
Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18 percent, reflecting the strongest July levels reported on record. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Despite recent gains, year-to-date sales have d...
JULY 2023 MARKET UPDATE
Posted on Jul 04, 2023 in Market Updates
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.
Notably, there has been a positive trend in new listings, provi...
JUNE 2023 MARKET UPDATE
Posted on Jun 01, 2023 in Market Updates
At the same time, we continue to see fewer new listings on the market than last year, causi...