Calgary Homebuyers Benefit From More Choices, Lower Prices

Supply ↑, demand ↓ in September per CREB; months of supply at 4, highest since early 2020.
Apartment sales-to-new-listings ratio: 43%; benchmark price $322,900, ↓ 1% MoM, ↓ 6% YoY.
Detached homes: sales-to-new-listings ratio 45% (lowest since 2018); benchmark price $749,900, ↓ <1% MoM and YoY.
Airdrie, Cochrane, Okotoks also saw ↑ supply, ↓ prices; Airdrie benchmark $526K, Cochrane $584.3K, Okotoks $613.9K.
CREB: Too early to know if supply trend will continue.