Category: Uncategorized
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Calgary Homes Show Excellent Growth in Value/Sq Ft
Steady Value Increase: Since 2018, Calgary’s single-family homes rose 38% in price per square foot, condos 27%.Affordable Market: Calgary remains more affordable than cities like Toronto and Vancouver, attracting out-of-town buyers.
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Mid-Q3 Inventory up, Sales Down in Calgary
Calgary’s market shifted from a seller’s market with more inventory and fewer sales in August. August saw inventory at 4,487 units, ↑ 37.3% yearly, but low compared to long-term trends.
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Calgary Demolish 3 Buildings for Affordable Housing
Calgary is demolishing three vacant downtown buildings to create much-needed affordable housing. A new 33-storey mixed-use tower will offer 340 rental units, including 50 affordable housing units.
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Signs of Slowdown: Calgary Sales Drop 19.5%
Calgary housing market saw a 19.5% drop yearly in sales in Mid-Q3, signalling a slowdown.New listings fell slightly, increasing the months of supply to 2.05, indicating a shift to balanced conditions.
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Calgary’s Market Rebalancing: Home Resales up 1.5%
The Bank of Canada’s rate cuts have yet to significantly lift housing markets from their slump. In August, Calgary saw a 13% increase in new listings compared to a year ago.
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Calgary Housing Market in Rest of 2024: Prices to Rise 3%
Property prices in Calgary are expected to increase by 3% through the remainder of 2024. Calgary is a seller’s market, which is expected to persist into the fall.
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Most non-homeowners in Calgary say owning is not realistic: poll
A recent poll reveals that 74% of Calgarians who are not homeowners believe owning a home in the city is unattainable. Renters face rising rental prices due to interest rate increases, price gouging, and a lack of available units. However, there is a shift towards more rental construction. Homebuilders emphasize the need for more land…
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Calgary: Inventory Boost and Eased Sales in Mid-Q3
Mid-Q3 saw higher inventory levels, with more listings and easing sales across Calgary's market. Despite easing conditions, benchmark home prices remain higher yearly, showing stable growth.
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Detached Home Prices Soar in Cities Near Calgary
Detached home prices in Okotoks have surged to ~$705K, nearing Calgary's high prices. Benchmark prices for all properties in Okotoks have risen to ~$623K, surpassing Calgary’s by $20K.
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Calgary Home Sales Plummet 20% in Mid-Q3
Calgary home sales in Mid-Q3 dropped nearly 20% from last year's record highs. The benchmark price for all home types was ~$602K, up 6.3% from Mid-Q3 2023.