INFOGRAPHICS: November 2024 CREB City And Region Market Reports

Supply on the rise, but not across all price ranges

As we transition into winter, Calgary’s housing market is following typical seasonal trends, with activity slowing compared to the fall. However, year-overyear demand remains relatively strong. In November, increased sales in detached, semidetached, and row homes offset a decline in apartment condominium sales. The 1,797 sales for November mirrored last year’s levels and remained 20 per cent above long-term trends for the month.

The significant shift lies in supply. Inventory levels rose to 4,352 units in November, a notable increase from the 3,000 units reported last year. Despite the recent gains, inventory levels remain below long-term trends for the month.

“Housing supply has been a challenge over the past several years due to the sudden rise in population,” said Ann-Marie Lurie, Chief Economist at CREB®.

Read the full report on the CREB website!

The following data is a comparison between November 2024 and November 2023 numbers, and is current as of December of 2024. For last month’s numbers, check out our previous infographic.

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