Market News

Oversupply persists despite improved sales activity for affordable product

City of Calgary, April 1, 2019 – March saw a modest decline in city wide sales activity compared to last year. However, sales have been rising for more affordable product in the detached and attached sectors.

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Housing market feels the chill as oversupply continues

City of Calgary, March 1, 2019 – The effects of Calgary’s economic climate continue to create weak sales activity and elevated inventory in the city’s housing market.

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New year kicks off with slow sales

City of Calgary, February 1, 2019 – As economic challenges linger into 2019, housing markets remain on a sluggish pace.

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Economic challenges to affect Calgary's housing market in 2019

Calgary, Jan. 30, 2019 – The challenging economic climate in Calgary is expected to persist into 2019.

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Job market weakness and lending restrictions a common thread in 2018's housing market

City of Calgary, January 2, 2019 –

As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December. 

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Challenging economic conditions continue to impact the resale market

City of Calgary, December 3, 2018 – Sitting below long-term averages, November sales in the city totaled 1,171 units. 

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Oversupplied market weighs on prices

Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market.

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Persistent buyers' market continues

City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary’s sales activity totaled 1,272 units in September, a 13 per cent decline over the previous year and well below long-term averages. There was a pullback in sales across all product types, most notably the detached market.
 

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Unemployment rate slows housing market recovery

City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August.

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Mid-year market update: economic conditions continue to weigh on housing

City of Calgary, Aug. 15, 2018 – Stricter lending criteria, higher rates and a slow economic recovery weighed on housing demand over the first half of 2018.

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