Price growth slows as supply to demand balance improves
Posted on Aug 03, 2021
July sales totaled 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 overall supply remains slightly higher than last July, it’s...
CREB®’s Q2 2021 Housing Report released
Posted on Jul 29, 2021
For the full report, please download CREB®'s Q2 2021 Calgary & Region Quarterly Update Report here.
Within the city of Calgary, sales totalled 15,050 units after the first half of the year, the highest levels seen in more than a decade.
“While pent-up demand and low interest rates were expected to support sales growth in 2021, the strength in housing...
You Have Seen the News - But What Does that Mean for Your Home's Value
Posted on Jul 05, 2021
Over the past few months, it seems as though we can’t turn on the news without seeing a story that focuses on the hot real estate market. While seeing “For Sale” signs on your street go up and down again in what appears to be a matter of days may have you thinking now is the time to make a move, it is still important to chat with your Realtor about...
Supply trends up but market still favours the seller
Posted on Jul 05, 2021
City of Calgary, July 2, 2021 –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 did not have a lot of choi...
Inventory Rises, but Seller's Market Conditions Persist
Posted on Jun 02, 2021
City of Calgary, June 1, 2021 –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 encouraged more homeowners to...