FEBRUARY 2025 MARKET UPDATE
Posted on Feb 03, 2025 in Market Updates
Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 percent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January. Inventories rose across all property types, with some of the largest gains driven by apartmen...
CREB: 2024 MARKET SUMMARY & 2025 FORECAST
Posted on Jan 22, 2025 in Market Updates
Here is a look at what CREB says about the Calgary economy. If you are looki...
CREB: 2024 ECONOMIC REVIEW & 2025 FORECAST
Posted on Jan 22, 2025 in Market Updates
The Calgary Real Estate Board (CREB) recently released their annual market and economic review and forecast. This annual report examines the housing sector, the local Calgary economy, and other variables that impact real estate, such as lending rates and migration patterns.
Here is a look at what CREB says about the Calgary economy. If you are looki...
JANUARY 2025 MARKET UPDATE
Posted on Jan 02, 2025 in Market Updates
The year ended with 1,322 sales in December, a three percent decline over last year, but nearly 20 percent higher than long-term trends. Overall sales in 2024 were just shy of last year’s levels, as gains for higher-priced homes offset pullbacks in the lower price ranges caused by supply challenges.
“Population gains over the past several years have...
DECEMBER 2024 MARKET UPDATE
Posted on Dec 02, 2024 in Market Updates
As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-over-year demand remains relatively strong. In November, increased sales in detached, semi-detached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirror...
NOVEMBER 2024 MARKET UPDATE
Posted on Nov 01, 2024 in Market Updates
Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 percent above long-term trends for the month.
“Housing demand has stayed relatively strong in our market as we move into the fourth qua...