May 2024

CALGARY Q1 2024 MARKET UPDATE

Posted on May 27, 2024 in Market Updates



City of Calgary, May 24, 2024 - Calgary’s housing market remains a hot spot in the country, driven by record-high international and interprovincial migration over the past two years. This influx has significantly increased housing demand. Employment gains and relative affordability continue to attract people to the province, resulting in strong
sale...

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CALGARY PASSES CITYWIDE RE-ZONING BYLAW WITH AMENDMENTS

Posted on May 15, 2024 in Real Estate News



Blanket rezoning has been passed with a 9-6 vote, but with some amendments to the original proposal. On Tuesday, May 14th, a record-breaking City Council meeting adjourned after 16 days leading to the long-awaited decision from Calgary's lawmakers. Rezoning has been a hot topic since it was first proposed in 2023, and as suggested by the longest ev...

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MAY 2024 MARKET UPDATE

Posted on May 01, 2024 in Market Updates



Sales in April rose by seven percent compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37 percent higher than long-term trends for the month. Much of the growth in sales has occurred for relatively more affordable, higher-density products. 

At the same time, there were 3,491 new lis...

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