City of Calgary, May 1, 2019 – There have been no significant changes occurring in sales activity, but the number of new listings coming onto the the market continues to ease relative to 2018 levels. The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared…
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City of Calgary, April 1, 2019 – March saw a modest decline in citywide sales activity compared to last year. However, sales have been rising for moreaffordable product in the detached and attached sectors. Shifts in the lower end of the market have not outweighed easing across the higher priced product. First-quarter sales dropped to…
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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. As a result, prices are being affected. “It is not a surprise that slowing activity in the housing market has persisted into February,” said CREB® chief economist Ann-Marie…
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City of Calgary, February 1, 2019 – As economic challenges linger into 2019, housing markets remain on a sluggish pace. January sales totalled 804 units, 16 per cent below last year and 21 per cent below long-term averages for the month. “The slow start to the year does not come as a surprise, as concerns about job…
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City of Calgary, January 2, 2019 – As oversupply continues in Calgary’s housing market, December prices eased by one percent compared to last month and are over three percent below last December. “Persistent weakness in the job market and changes in the lending market impacted sales activity in the resale market this year,” said CREB®…
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