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Calgary’s benchmark for single-family detached homes grew 8.3% year-to-date, reaching $690,900.This price increase places Calgary sixth among Canadian cities for growth in benchmark pricing.

– Sales in Early-Q3: ↓ 10% yearly to 2,380 homes – New Listings: 3,604- Inventory: 4,158 units; 33% below typical July levels – Months of Supply: 1.8-mo

Calgary's Real Estate market shows signs of cooling, with rising inventory and slower sales. In Early-Q3, Calgary saw 2,380 sales and 3,604 new listings, pushing inventory above 4K units.

The second rate cut in two months is positive news for those with debt and homebuyers. The rate decrease makes it a favourable buyer's market with lower mortgage rates.

Inglewood, Calgary’s oldest neighbourhood, offers a small-town charm with vibrant eateries and historical sites. Kensington, north of the city centre, is a hub for specialty shops, trendy brunch spots, and public art.

Home sales ↓ 10% yearly, with 2,380 properties sold. Benchmark price $606,700, ↑ nearly 8% yearly, stable MoM.

Calgary outperforms other Canadian cities in Real Estate with rapid growth and better affordability. Home affordability in Calgary improved in early 2024, with lower mortgage payments compared to other major cities.

In Alberta, demand remains strong, despite Calgary ↓ 13% yearly in sales. Calgary’s new listings ↓ 9% MoM, and ↓ 4% yearly.