Buyer Leverage Returns to Calgary in Early-Winter

In early-winter, increased housing supply cooled Calgary’s market, shifting conditions toward buyers.
Calgary’s benchmark home price declined 5% yearly to ~$555K, CREB reported.
Home sales fell 15% yearly to 1,126 transactions across Calgary.
New listings totalled 1,219, down 2% yearly, despite rising overall supply.
Total inventory reached 3,860 units, ↑ 29%, led by semi-detached 55% gains.