Calgary Real Estate Blog

Monthly Market Report - January 2019

Posted on Feb 01, 2019

Mike Baylis Calgary Real Estate

Media release: 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.

January sales totaled 804 units, 16 percent below last year and 21 percent below long-term averages for the month.

"The slow start to the year does not come as a surprise, as concerns...

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2019 Forecast - CREB

Posted on Jan 30, 2019

Mike Baylis Calgary Real Estate

Media release: 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.

Easing global oil prices, concerns regarding market access and easing investment activity are weighing on the energy sector and are expected to slow growth prospects in the...

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Monthly Market Report - December 2018

Posted on Jan 03, 2019

Mike Baylis Calgary Real Estate

Media release: 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 percent compared to last month and are over three percent below last December.

“Persistent weakness in the job market and changes in t...

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Monthly Market Report - November 2018

Posted on Dec 03, 2018

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. 

For the year so far, sales activity has totaled 15,349 units, a 14 percent decline over last year and nearly 20 percent below long-term averages.

"Recent challenges in...

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Monthly Market Report - October 2018

Posted on Nov 01, 2018

Oversupplied market weighs on prices:

City of Calgary, November 1, 2018 –

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

Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent.

“Job growth...

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Monthly Market Report - September 2018

Posted on Oct 03, 2018

Persistent buyers’ market continues

City of Calgary, October 1, 2018 – With no change in the economic climate, Calgary’s sales activity totaled 1,273 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. “Calgary’s...

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