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House prices in Calgary ↓ $4K in September, improving overall affordability. Calgary buyers benefited from lower mortgage rates and softening house prices, creating better opportunities.

A new affordable housing complex has opened in Crescent Heights, enhancing local housing options. The four-storey building features 35 one-bedroom rentals designed for young parents and seniors.

Calgary’s new zoning laws enable development of missing middle housing in established communities. Missing middle housing includes duplexes, triplexes, and low-rise apartments, enhancing low-density options.

Late-Q3 sales totalled 2,003 units, 17% below last year's record but 16% higher than average. New listings increased to 3,687 units, the highest for Late-Q3 since 2008, aiding inventory growth.

Calgary’s Real Estate market saw 3,687 new listings in September, the highest since 2008. Total standing inventory rose to 5,064 homes, nearly double spring’s low but below 6K avg.

Calgary’s total residential benchmark price reached ~$597K in September, over 5% higher than last year. Detached homes experienced ↑ ~9% yearly growth, while apartment condominiums saw ↑ ~14% gains.

A growing number of households in Calgary are registering restrictive covenants to counter new zoning regulations. The zoning changes allow for more densification, permitting duplexes and row houses without a land-use redesignation.

Calgary's condominium sales increased by nearly 3%, with 5,722 units sold in H1 2024. The average condo price in Calgary rose 15% to $347,203, driven by strong market demand.

September home sales dropped 17.6% to 2,003, still 16% higher than long-term trends.Benchmark home price in September was $596,900, 5.5% higher than last year.