Kayla Mathison - News

Sales Continue to Surge as Listings Rise

Posted on Mar 12, 2022

City of Calgary, March 1, 2022 – Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last months levels. However, with only one month of supply, the market continues to favour the seller.

“Sales have been somewhat restr...

January 2022: Sellers' market conditions continue to impact prices

Posted on Feb 02, 2022

Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months.

The tight market conditions contributed to further upward pressure on prices. The unadjusted benchmark price in January reached $4...

Media Release: Calgary housing market expected to remain strong in 2022 after record-breaking 2021

Posted on Feb 02, 2022

City of Calgary, Jan. 25, 2022 – Housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.

“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain re...

November 2021: Persistent sellers' market conditions drive up prices

Posted on Dec 07, 2021

Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005.

“Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,” said CREB® Chief Economist Ann-Marie Lurie.

“At th...

October 2021: Market continues to favour the seller

Posted on Nov 09, 2021

There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages. Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than average activity recorded over the past five years and 42 per cent higher than 10-year averages.

“Moving into the fourth quarter, the pa...

Real estate challenges lie ahead for Calgary's new mayor and council

Posted on Oct 22, 2021

As the dust settles after Monday’s municipal election, Calgary’s new mayor and council have many pressing issues to address in the weeks, months and years ahead, particularly in the real estate and housing sector.

Replacing longtime mayor Naheed Nenshi will be no easy task, but Calgarians decided former Ward 3 councillor Jyoti Gondek was the person...

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