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Calgary Homes Show Excellent Growth in Value/Sq Ft | Please check out our video.
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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Calgary’s Market Rebalancing: Home Resales up 1.5% | Please check out our video.
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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Two spots in Calgary are seeing the biggest jumps in house prices
Calgary's real estate market has seen a significant increase in house prices, particularly in two areas of the city. Continue to full article
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Detached Home Prices Soar in Cities Near Calgary | Please check out our video.
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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Signs of Slowdown: Calgary Sales Drop 19.5% | Please check out our video.
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 home sales slowed in September
Calgary home sales in September fell 17.6% from last year's record, totaling 2,003, yet remained 16% above long-term trends. The benchmark price for all home types was $596,900, slightly down from August but up 5.5% from September 2023. New listings reached 3,687, the highest since 2008, driven by higher-priced homes. Inventory rose to 5,064 units,…
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Calgary Housing Market in Rest of 2024: Prices to Rise 3% | Please check out our video.
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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Minimum income needed to afford rent in Calgary is “out of control”
A recent report indicates that the wages required to afford one- or two-bedroom apartments in Calgary far exceed the city's minimum wage. To rent a one-bedroom, residents need at least $28.92 per hour, while a two-bedroom requires $33.46 per hour, over $13 more than the minimum wage. The report highlights that no neighborhoods in Calgary…
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Calgary Home Sales Plummet 20% in Mid-Q3 | Please check out our video.
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.
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Calgary: Inventory Boost and Eased Sales in Mid-Q3 | Please check out our video.
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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