Market Updates

CALGARY Q1 2022 MARKET UPDATE

Posted on Apr 22, 2022 in Market Updates



CREB, April 2022 - The first quarter of 2022 saw record high sales activity, thanks to an increase in new listings. This provided some choice for buyers in comparison to the previous quarter, where sales exceeded the number of new listings.

Although there was an improvement in new listings, it was not enough to add significant supply to the market...

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APRIL 2022 MARKET UPDATE

Posted on Apr 01, 2022 in Market Updates



Record high sales seen again in March – For the second month in a row, sales activity not only reached a monthly high but also hit new record highs for any given month. Gains occurred across every property type as they all hit new record highs.

An increase in new listings this month helped support the growth in sales activity. However, inventories h...

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MARCH 2022 MARKET UPDATE

Posted on Mar 01, 2022 in Market Updates



Sales continue to surge as listings rise – Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last months levels. However, with only one month of supply, the market continues to favour the seller.

“Sales have been somew...

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CREB 2022 ECONOMIC FORECAST

Posted on Feb 04, 2022 in Market Updates



Despite risks surrounding the pandemic, the outlook for our economy is far more promising than it was a few years ago, with renewed optimism coming from the energy sector and growth prospects in the tech industry. Improving economic activity, job growth and the slow return of migration to the city are expected to continue supporting relatively stro...

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FEBRUARY 2022 MARKET UPDATE

Posted on Feb 01, 2022 in Market Updates



Sellers' market conditions continue to impact prices – Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months.

The tight market conditions contributed to further upward pressure on pric...

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CREB 2022 HOUSING MARKET FORECAST

Posted on Jan 25, 2022 in Market Updates



Calgary housing market expected to remain strong in 2022 after record-breaking 2021 – Housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.

“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and whil...

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