Sellers’ market leads to rising prices With gains in every price range, residential sales activity in February totalled 1,836 units. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to...
January 2021: sales activity signals strong start to the year January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021. Sales activity improved across all product...
December 2020: Amidst economic challenges, housing market ends 2020 on a high note With December sales of 1,199, this is the highest December total since 2007. “Housing demand over the second half of 2020 was far stronger than anticipated and nearly offset the initial impact...
Sales activity remains strong in November. For the sixth month in a row, sales in the Calgary market recorded a year-over-year gain. Sales growth over the past several months has been the strongest seen in the past five years, but the activity has not been...
Detached homes drive Calgary sales growth With strong gains in the detached sector, October sales in the city reached 1,764 units. This is a 23% increase over last year and well above longer-term averages. The gain in citywide residential sales outpaced the growth in new...
September sales activity jumped to 1,702 units, the strongest September total since 2014. New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels,...
August 2020: home sales consistent, but COVID-19 impacts continue Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors. These gains offset declines in the apartment and semi-detached sectors. The 1,573 sales recorded in...
July 2020: Detached and semi-detached home sales rise, but economic uncertainty remains With higher sales for both detached and semi-detached product, July sales totals rose above last year’s levels. Despite the improvements in July, year-to-date sales remain 15% lower than last year’s levels. COVID-19 shutdowns...
Sales decline by 2% from last year amidst COVID-19 pandemic After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totalling 1,747 units. Caution remains necessary, as monthly sales are nearly 2%...
COVID-19’s impact on Calgary housing market continues. Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary. May sales totalled 1,080 units, a 44% decline from last year’s figures. Sales are down in...
Calgary real estate market feeling impact of the pandemic. After the first full month with social distancing measures in place, the housing market is adjusting to the effects of COVID-19. April sales hit 573 units, a decline of 63% over last year. Sales activity eased...
These are challenging times, and we hope that everyone is healthy and well. For now, here are the latest housing market updates for areas covered by the Calgary Real Estate Board (CREB)! As noted in their latest market report, after a strong start to 2020,...