Urban Upgrade & NewInfills

CALGARY Q2 2021 MARKET UPDATE

Posted on Aug 05, 2021 in Market Updates

CREB, July 2021 - Since March, the Calgary housing market has been hitting record-high sales each month and supply has not kept pace. This has caused extremely tight conditions, especially in the detached sector, where benchmark home prices went from $492,000 in January to $537,200 in June. These steady price gains have encouraged more sellers to l...

AUGUST 2021 MARKET UPDATE

Posted on Aug 01, 2021 in Market Updates

Price Growth Slows As Supply To Demand Balance Improves - July sales totalled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in inventory levels, and while o...

JULY 2021 MARKET UPDATE

Posted on Jul 02, 2021 in Market Updates

Supply Trends Up But Market Still Favours The Seller - Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month. “It is taking time for supply to catch up with the demand in the market,” said CREB® chief economist Ann-Marie Lurie. “Through the early spring market, many buyers di...

JUNE 2021 MARKET UPDATE

Posted on Jun 01, 2021 in Market Updates

Inventory Rises, But Sellers' Market Conditions Persist - With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month. "The recent gains in prices have...

MAY 2021 MARKET UPDATE

Posted on May 03, 2021 in Market Updates

Demand For Homes Remains High With Record Sales In April! - There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020. "Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the economy re-opens," said CREB® c...

CALGARY Q1 2021 MARKET UPDATE

Posted on Apr 20, 2021 in Market Updates

CREB, April 2021 - The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is suppo...

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