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Calgary Housing

Calgary Real Estate Market Statistics August 2016

The Calgary housing market was almost like a tale of two cities during the month of August, with the detached housing market having a much different outcome than the higher-density segments. Nonetheless, sales activity was down overall within the Calgary housing market, with total sales reaching just 1,567 for the month.



Benchmark Prices Show a More Complete Picture

Overall, sales for detached homes fell during the month of August within the Calgary housing market. The number of new listings also declined, thereby stopping the inventory from reaching its previous highs. In turn, this has limited the downward pressure placed on housing pricing within the market. The picture wasn’t quite the same within the attached and apartment sectors, however, with both having recorded inventory levels...

Calgary Real Estate Market Statistics August 2016

The Calgary housing market was almost like a tale of two cities during the month of August, with the detached housing market having a much different outcome than the higher-density segments. Nonetheless, sales activity was down overall within the Calgary housing market, with total sales reaching just 1,567 for the month.



Benchmark Prices Show a More Complete Picture

Overall, sales for detached homes fell during the month of August within the Calgary housing market. The number of new listings also declined, thereby stopping the inventory from reaching its previous highs. In turn, this has limited the downward pressure placed on housing pricing within the market. The picture wasn’t quite the same within the attached and apartment sectors, however, with both having recorded inventory levels near...

Calgary Real Estate Market Statistics August 2016

The Calgary housing market was almost like a tale of two cities during the month of August, with the detached housing market having a much different outcome than the higher-density segments. Nonetheless, sales activity was down overall within the Calgary housing market, with total sales reaching just 1,567 for the month.



Benchmark Prices Show a More Complete Picture

Overall, sales for detached homes fell during the month of August within the Calgary housing market. The number of new listings also declined, thereby stopping the inventory from reaching its previous highs. In turn, this has limited the downward pressure placed on housing pricing within the market. The picture wasn’t quite the same within the attached and apartment sectors, however, with both having recorded inventory levels near to...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

...

Calgary Real Estate Market Statistics July 2016

The most recent CREB report has found that sales activity continues to decline in the City of Calgary. Just as the city has continued to struggle in all economic aspects, so has its housing market. This condition has only been further exacerbated by the declining net migration levels within the city.

Slowing Housing Sales

According to the CREB report, housing sales activity in Calgary reached a total of 1,741 units during the month of July. This represents a 12.6 percent decrease when compared to the same time last year, making it the 20th consecutive month in which the city has experienced a drop in year-over-year sales. As the number of unemployed workers within the city continues to grow, the net migration continues to fall and job loss continues to be a problem, the overall state of the housing market has also continued to weaken. 

...

Calgary Real Estate Market Statistics May 2016

Despite optimism related to recent oi price gains, the Calgary real estate market - housing inventory was once again on the rise during the month of May.

New Listings Combined with Slowed Sales Lead to an Increase in Housing Inventory

As new listings climbed and sales slowed to just 1,923 units, The Calgary Real Esttae Market inventory was once again on the rise. Unfortunately, due to a weakness in the labour market, demand for Calgary housing also remained weak during the month of May. While most of the focus had previously been on the oil industry, job loss is now starting to spread into other sectors. Meanwhile, wages are falling and unemployment levels remain high in Calgary. As such, housing inventory supplies are on the rise as well as supplies within the new home, rental and resale markets.

According to the latest Calgary Real Estate Board report, inventory levels in Calgary increased by 14 percent in May when compared to the previous month, reaching a total of 6,148 units....

Calgary Real Estate Market Statistics May 2016

Despite optimism related to recent oi price gains, the Calgary real estate market - housing inventory was once again on the rise during the month of May.

New Listings Combined with Slowed Sales Lead to an Increase in Housing Inventory

As new listings climbed and sales slowed to just 1,923 units, The Calgary Real Esttae Market inventory was once again on the rise. Unfortunately, due to a weakness in the labour market, demand for Calgary housing also remained weak during the month of May. While most of the focus had previously been on the oil industry, job loss is now starting to spread into other sectors. Meanwhile, wages are falling and unemployment levels remain high in Calgary. As such, housing inventory supplies are on the rise as well as supplies within the new home, rental and resale markets.

According to the latest Calgary Real Estate Board report, inventory levels in Calgary increased by 14 percent in May when compared to the previous month, reaching a total of 6,148 units. While...

Calgary Real Estate Market Statistics May 2016

Despite optimism related to recent oi price gains, the Calgary real estate market - housing inventory was once again on the rise during the month of May.

New Listings Combined with Slowed Sales Lead to an Increase in Housing Inventory

As new listings climbed and sales slowed to just 1,923 units, The Calgary Real Esttae Market inventory was once again on the rise. Unfortunately, due to a weakness in the labour market, demand for Calgary housing also remained weak during the month of May. While most of the focus had previously been on the oil industry, job loss is now starting to spread into other sectors. Meanwhile, wages are falling and unemployment levels remain high in Calgary. As such, housing inventory supplies are on the rise as well as supplies within the new home, rental and resale markets.

According to the latest Calgary Real Estate Board report, inventory levels in Calgary increased by 14 percent in May when compared to the previous month, reaching a total of 6,148 units. While ever...

Selling Calgary Homes in a Buyers Market

Selling a House in Calgary - Even in a Buyers Market

Selling Calgary Home in Buyers Market

Are you selling Calgary home in a buyers market? In a buyers market there is usually an oversupply of homes and less buyers.  Sellers need to understand that they CAN sell their home in a buyer's market if the home appeals to the buyers more than the others. Here are some tips on how to sell a home in a buyers the Calgary real estate market:

1. Make repairs - In a buyers market buyers are especially critical of the homes they are viewing. Most are already scared to buy and worried about potential falling prices and the last thing most buyers want to do is spend more money on a home after they have moved in. . Most buyers will...

Selling Calgary Homes in a Buyers Market

Selling a House in Calgary - Even in a Buyers Market

Selling Calgary Home in Buyers Market

Are you selling Calgary home in a buyers market? In a buyers market there is usually an oversupply of homes and less buyers.  Sellers need to understand that they CAN sell their home in a buyer's market if the home appeals to the buyers more than the others. Here are some tips on how to sell a home in a buyers the Calgary real estate market:

1. Make repairs - In a buyers market buyers are especially critical of the homes they are viewing. Most are already scared to buy and worried about potential falling prices and the last thing most buyers want to do is spend more money on a home after they have moved in. . Most buyers will be...

Selling Calgary Homes in a Buyers Market

Selling a House in Calgary - Even in a Buyers Market

Selling Calgary Home in Buyers Market

Are you selling Calgary home in a buyers market? In a buyers market there is usually an oversupply of homes and less buyers.  Sellers need to understand that they CAN sell their home in a buyer's market if the home appeals to the buyers more than the others. Here are some tips on how to sell a home in a buyers the Calgary real estate market:

1. Make repairs - In a buyers market buyers are especially critical of the homes they are viewing. Most are already scared to buy and worried about potential falling prices and the last thing most buyers want to do is spend more money on a home after they have moved in. . Most buyers will be looking...

Selling Calgary Homes in a Buyers Market

Selling a House in Calgary - Even in a Buyers Market

Selling Calgary Home in Buyers Market

Are you selling Calgary home in a buyers market? In a buyers market there is usually an oversupply of homes and less buyers.  Sellers need to understand that they CAN sell their home in a buyer's market if the home appeals to the buyers more than the others. Here are some tips on how to sell a home in a buyers the Calgary real estate market:

1. Make repairs - In a buyers market buyers are especially critical of the homes they are viewing. Most are already scared to buy and worried about potential falling prices and the last thing most buyers want to do is spend more money on a home after they have moved in. . Most buyers will be looking for...

Calgary Real Estate Market Statistics February 2016

Due to slow sales and an elevated housing inventory, prices continued to fall within the Calgary housing market in February. With the state of the current economic environment, consumer confidence and housing demand have both been negatively impacted. 

Unemployment Continues to Affect the Calgary Housing Market

Over the past eight months, unemployment rates have continued to rise in Calgary. As such, unemployment rates have reached higher levels than they reached during the previous recession. Unfortunately, these conditions are expected to continue over the next several months, which means unemployment is likely to continue to have a negative impact on the Calgary housing market.

During the month of February, sales within the Calgary market reached 1,127 units. This represents a 6.63 percent drop when compared to the previous year. These figures are also 37 percent lower than the long-term averages for the month of February. Furthermore, the number of new listings in Calgary is also declining, resulting in...

Calgary Real Estate Market Statistics February 2016

Due to slow sales and an elevated housing inventory, prices continued to fall within the Calgary housing market in February. With the state of the current economic environment, consumer confidence and housing demand have both been negatively impacted. 

Unemployment Continues to Affect the Calgary Housing Market

Over the past eight months, unemployment rates have continued to rise in Calgary. As such, unemployment rates have reached higher levels than they reached during the previous recession. Unfortunately, these conditions are expected to continue over the next several months, which means unemployment is likely to continue to have a negative impact on the Calgary housing market.

During the month of February, sales within the Calgary market reached 1,127 units. This represents a 6.63 percent drop when compared to the previous year. These figures are also 37 percent lower than the long-term averages for the month of February. Furthermore, the number of new listings in Calgary is also declining, resulting in inventory...

Calgary Real Estate Market Statistics January 2016

Picking up where things ended last year, the Calgary housing market has pushed further into becoming a buyers’ market in January. While a number of factors are contributing to the current market trend, troubles within the energy sector continue to be the biggest factor leading to the change in market conditions.

The Energy Market Impacts Sales

With prices recently sliding within the energy market, uncertainty within the energy sector continues to grow. Troubles within the energy sector have led to a soft labor market, which has placed additional stress on the local economy as well as the housing market. Namely, a dwindling labor market has resulted in less demand for housing in Calgary, resulting in only 763 units sold during the month of January. These figures are 13 percent below the previous year and 43 percent below long-term averages. Not surprisingly, new listings also fell in January, which posted a 16 percent drop. Nonetheless, the number of new listings put on the market still outpaced the number of sales, thereby resulting...

Calgary Real Estate Market Statistics January 2016

Picking up where things ended last year, the Calgary housing market has pushed further into becoming a buyers’ market in January. While a number of factors are contributing to the current market trend, troubles within the energy sector continue to be the biggest factor leading to the change in market conditions.

The Energy Market Impacts Sales

With prices recently sliding within the energy market, uncertainty within the energy sector continues to grow. Troubles within the energy sector have led to a soft labor market, which has placed additional stress on the local economy as well as the housing market. Namely, a dwindling labor market has resulted in less demand for housing in Calgary, resulting in only 763 units sold during the month of January. These figures are 13 percent below the previous year and 43 percent below long-term averages. Not surprisingly, new listings also fell in January, which posted a 16 percent drop. Nonetheless, the number of new listings put on the market still outpaced the number of sales, thereby resulting in...

Calgary Real Estate Market Recap 2015

2015: Taking a Look Back at the Calgary Housing Market

Looking back on 2015, the impact of low oil prices on Calgary’s economy and housing market is clear to see. Not only did the market struggle in terms of sales, but prices have been falling as inventory has increased.

Getting Off to a Rough Start

During the first quarter of 2015, buyers took on a “wait and see” approach as they watched the market and how it would be affected by the oil industry. As a result, the market started to see a decrease in sales activity. When coupled with an increase in new listings activity, inventory began to slowly increase while prices dropped when compared to the final quarter of 2014. On average, the first quarter saw months of supply hit 4.16 during the first quarter. 

Seeking Balance

While the start of 2015 was a bit shaky for the Calgary housing market, the next two quarters were characterized by a bit...

Calgary Real Estate Market Recap 2015

2015: Taking a Look Back at the Calgary Housing Market

Looking back on 2015, the impact of low oil prices on Calgary’s economy and housing market is clear to see. Not only did the market struggle in terms of sales, but prices have been falling as inventory has increased.

Getting Off to a Rough Start

During the first quarter of 2015, buyers took on a “wait and see” approach as they watched the market and how it would be affected by the oil industry. As a result, the market started to see a decrease in sales activity. When coupled with an increase in new listings activity, inventory began to slowly increase while prices dropped when compared to the final quarter of 2014. On average, the first quarter saw months of supply hit 4.16 during the first quarter. 

Seeking Balance

While the start of 2015 was a bit shaky for the Calgary housing market, the next two quarters were characterized by a bit more...

Calgary Real Estate Market Recap 2015

2015: Taking a Look Back at the Calgary Housing Market

Looking back on 2015, the impact of low oil prices on Calgary’s economy and housing market is clear to see. Not only did the market struggle in terms of sales, but prices have been falling as inventory has increased.

Getting Off to a Rough Start

During the first quarter of 2015, buyers took on a “wait and see” approach as they watched the market and how it would be affected by the oil industry. As a result, the market started to see a decrease in sales activity. When coupled with an increase in new listings activity, inventory began to slowly increase while prices dropped when compared to the final quarter of 2014. On average, the first quarter saw months of supply hit 4.16 during the first quarter. 

Seeking Balance

While the start of 2015 was a bit shaky for the Calgary housing market, the next two quarters were characterized by a bit more balance....

Calgary Real Estate Forecast 2016

2016: Looking Ahead to the Calgary Housing Market in the New Year

Given the current conditions of the Calgary housing market, it is clearly a buyer’s market, with inventories high and prices dropping. Predictions for 2016 indicate that this trend is not likely to change any time soon.

The Impact of Oil on the Housing Market

Currently, there is nothing to indicate that 2016 will be any different from 2015 in terms of the oil industry, which means demand for housing in Calgary is likely to remain weak in the New Year. Similarly, net migration is expected to fall short of 2015 levels in 2016. Whereas 2015 saw 14,951 in net migration, 2016 is expected to see just 11,747. This is mostly due to a lack of higher-paying employment opportunities. In short, ongoing problems within the oil industry will continue to impact the Calgary housing market, including both property purchases and rentals. Furthermore, rising vacancy rate will put downward pressure on rental rates throughout the year. In turn, this is expected to decrease ownership demand from investors. ...

Calgary Real Estate Forecast 2016

2016: Looking Ahead to the Calgary Housing Market in the New Year

Given the current conditions of the Calgary housing market, it is clearly a buyer’s market, with inventories high and prices dropping. Predictions for 2016 indicate that this trend is not likely to change any time soon.

The Impact of Oil on the Housing Market

Currently, there is nothing to indicate that 2016 will be any different from 2015 in terms of the oil industry, which means demand for housing in Calgary is likely to remain weak in the New Year. Similarly, net migration is expected to fall short of 2015 levels in 2016. Whereas 2015 saw 14,951 in net migration, 2016 is expected to see just 11,747. This is mostly due to a lack of higher-paying employment opportunities. In short, ongoing problems within the oil industry will continue to impact the Calgary housing market, including both property purchases and rentals. Furthermore, rising vacancy rate will put downward pressure on rental rates throughout the year. In turn, this is expected to decrease ownership demand from investors. 

...

Calgary Real Estate Forecast 2016

2016: Looking Ahead to the Calgary Housing Market in the New Year

Given the current conditions of the Calgary housing market, it is clearly a buyer’s market, with inventories high and prices dropping. Predictions for 2016 indicate that this trend is not likely to change any time soon.

The Impact of Oil on the Housing Market

Currently, there is nothing to indicate that 2016 will be any different from 2015 in terms of the oil industry, which means demand for housing in Calgary is likely to remain weak in the New Year. Similarly, net migration is expected to fall short of 2015 levels in 2016. Whereas 2015 saw 14,951 in net migration, 2016 is expected to see just 11,747. This is mostly due to a lack of higher-paying employment opportunities. In short, ongoing problems within the oil industry will continue to impact the Calgary housing market, including both property purchases and rentals. Furthermore, rising vacancy rate will put downward pressure on rental rates throughout the year. In turn, this is expected to decrease ownership demand from investors. 

...

Calgary Real Estate December 2015 Monthly Housing Stats

Calgary housing sales experienced a slowdown as unadjusted benchmark prices fell in December. While this can be partially attributed to the winter months, the downturn is also related to the economic uncertainty in the area that has been characterized by job losses and a weakened economy.

A Slowdown in Sales

During the month of December, Calgary housing sales slowed down to 878 units. Not only does this represent an 18 percent drop when compared to the same time last year, but it is also far below the five and ten-year averages for the Calgary market.

Falling Benchmark Prices

As a result of the slowdown of sales in Calgary, the unadjusted benchmark prices have also taken a hit. In December, the unadjusted benchmark prices in Calgary fell to $448,800. These figures represent a 0.42 percent fall when compared to November and a 2.33 percent...

Calgary Real Estate December 2015 Monthly Housing Stats

Calgary housing sales experienced a slowdown as unadjusted benchmark prices fell in December. While this can be partially attributed to the winter months, the downturn is also related to the economic uncertainty in the area that has been characterized by job losses and a weakened economy.

A Slowdown in Sales

During the month of December, Calgary housing sales slowed down to 878 units. Not only does this represent an 18 percent drop when compared to the same time last year, but it is also far below the five and ten-year averages for the Calgary market.

Falling Benchmark Prices

As a result of the slowdown of sales in Calgary, the unadjusted benchmark prices have also taken a hit. In December, the unadjusted benchmark prices in Calgary fell to $448,800. These figures represent a 0.42 percent fall when compared to November and a 2.33 percent drop...

Calgary Real Estate December 2015 Monthly Housing Stats

Calgary housing sales experienced a slowdown as unadjusted benchmark prices fell in December. While this can be partially attributed to the winter months, the downturn is also related to the economic uncertainty in the area that has been characterized by job losses and a weakened economy.

A Slowdown in Sales

During the month of December, Calgary housing sales slowed down to 878 units. Not only does this represent an 18 percent drop when compared to the same time last year, but it is also far below the five and ten-year averages for the Calgary market.

Falling Benchmark Prices

As a result of the slowdown of sales in Calgary, the unadjusted benchmark prices have also taken a hit. In December, the unadjusted benchmark prices in Calgary fell to $448,800. These figures represent a 0.42 percent fall when compared to November and a 2.33 percent drop when...

Calgary Real Estate November 2015 Monthly Housing Stats

The Calgary housing market was a buyers market during the month of November, with sales declining and inventory levels rising in response to troubled economic conditions.

Falling Sales

According to the latest CREB report, monthly sales totaled 1,263 units during the month of November, representing a 28 percent drop when compared to the same time last year. The figures are also 20 percent below the 10-year average for the Calgary housing market. 

Just as sales are on the decline, the number of new listings hitting the Calgary housing market has increased by five percent when compared to November 2014. This represents a five percent increase over the 10-year average. 

As a result of the decline in sales combined with the increase in listings, the housing supply within the market has increased to more than four months. As such, November represents the third consecutive month that the housing supply has remained around the...

Calgary Real Estate November 2015 Monthly Housing Stats

The Calgary housing market was a buyers market during the month of November, with sales declining and inventory levels rising in response to troubled economic conditions.

Falling Sales

According to the latest CREB report, monthly sales totaled 1,263 units during the month of November, representing a 28 percent drop when compared to the same time last year. The figures are also 20 percent below the 10-year average for the Calgary housing market. 

Just as sales are on the decline, the number of new listings hitting the Calgary housing market has increased by five percent when compared to November 2014. This represents a five percent increase over the 10-year average. 

As a result of the decline in sales combined with the increase in listings, the housing supply within the market has increased to more than four months. As such, November represents the third consecutive month that the housing supply has remained around the four-month...