Calgary Real Estate Blog

Monthly Market Report - August 2021

Posted on Sep 01, 2021

Mike Baylis Calgary Real Estate


Market continues shift toward more balanced conditions after torrid start to the year


City of Calgary, Sept. 1, 2021 –

Citywide sales in August reached 2,151 units, 37 percent higher than last year and 25 percent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight...

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Monthly Market Report - July 2021

Posted on Aug 03, 2021

Mike Baylis Calgary Real Estate


Price growth slows as supply to demand balance improves


City of Calgary, August 3, 2021 –

July sales totalled 2,319 units, which is well above long-term averages and the best July on record. The pace of sales growth has eased over the past few months, but so too has the pace of new listings growth. This has helped prevent any further monthly gains in...

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Monthly Market Report - June 2021

Posted on Jul 01, 2021

Mike Baylis Calgary Real Estate



Supply trends up but market still favours the seller

City of Calgary, July 2, 2021 –

Calgary’s housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.

“It is taking time for supply to catch up with the demand in the market,” said CREB® chief economist Ann-Marie Lurie.

“Through the early spr...

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Monthly Market Report - May 2021

Posted on Jun 01, 2021

Mike Baylis Calgary Real Estate



Inventory rises, but sellers' market conditions persist


City of Calgary, June 1, 2021 –

With 2,989 sales, housing market activity hit a new May record.

Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.

"The re...

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Monthly Market Report - April 2021

Posted on May 03, 2021

Mike Baylis Calgary Real Estate


Demand for homes remains high with record sales in April

City of Calgary, May 3, 2021 –

There were 3,209 sales in April, a new record high for the month, as Calgary's housing market continues to bounce back from the pandemic lows recorded in 2020.

"Despite entering the third wave of COVID-19, there is more optimism of economic recovery when the econo...

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CREB®’s Q1 2021 Housing Report Released

Posted on Apr 20, 2021

Mike Baylis Calgary Real Estate

City of Calgary, April 20, 2021 –

The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages.

The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pande...

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