December 2018Calgary Real Estate Market Summary
Job market weakness and lending restrictions a common thread in 2018’s housing market CREB Media Release, City of Calgary, January 2, 2019 As oversupply continues in Calgary’s housing market, December prices eased by one per cent compared to last month and are over three per cent below last December. “Persistent weakness in the job market [...]
Challenging economic conditions continue to impact the resale market CREB Media Release, 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 per cent decline over last year and nearly 20 per cent [...]
Oversupplied market weighs on prices CREB Media Release, 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 totalled $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 [...]