Calgary Market Sept, 2018

City of Calgary, September 4, 2018 – Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August.

Persistent oversupply in the Calgary housing market continued to weigh on prices in August. Citywide benchmark prices edged down over previous months by 0.8 per cent and are 2.4 per cent below last year’s levels.

“Calgary’s employment market has persistently high unemployment rates at 7.9 per cent and recent job losses in full time positions. The struggles in the employment market are one of the factors weighing on our local housing market,” said CREB® chief economist Ann-Marie Lurie.

“A slow recovery in the energy sector combined with tighter lending conditions and competition from the new home sector are also contributing current housing market conditions.”

Citywide sales totaled 1,490 units this month, down nearly seven per cent from last year and 14 per cent below long-term trends.

Sales and price declines were not consistent across all districts and product types. Prices have recently trended down across most areas based on year-to-date figures, but have remained comparable to last year’s levels in the City Centre and West districts of the city.

“Both buyers and sellers need to be realistic about their objectives. Buyers need to be aware that price changes differ depending on what and where you are buying. The decline in sales does not mean price declines across the board,” said CREB® president Tom Westcott.

“Sellers need to be well informed to be competitive. They need a good understanding of what has been selling around them and how their property compares to homes that have successfully sold.”

HOUSING MARKET FACTS

Detached

Apartment

Attached

REGIONAL MARKET FACTS

Airdrie

Cochrane

Okotoks

Total of 7901 properties

$16,757,850

  • Land

[MLS®#: C4131415]23.77 acres. Prime Industrial Land. Next to Stony Trail. Great visibility, city services available. Paved access. Call Realtor for detailed information. Additional 10.45 acres adjacent, also available.

Listing Provided By: RE/MAX LANDAN REAL ESTATE

Last Updated: 2018-10-26

$15,600,000

  • Retail (Commercial)
  • 3,270,750 sq.ft.

[MLS®#: C4205360]**75 Acres- Providence*** This land is predominantly mixed use, future development in the newly appr...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-09-11

$14,995,200

  • Industrial (Commercial)
  • 4,082,440 sq.ft.

[MLS®#: C4183329]93.72 acres of future commercial/industrial development property for sale inside the City limits in ...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-05-09

$13,000,000

  • Land

[MLS®#: C4094626]***EXTREMELY RARE Downtown Commercial Core land for sale*** PRIME redevelopment commercial core land a...Read More

Listing Provided By: CENTURY 21 BRAVO REALTY

Last Updated: 2018-10-26

$9,590,000

  • Multi Unit (Commercial)
  • 41,500 sq.ft.

[MLS®#: C4194346]YORK APARTMENTS - 45 unit concrete building located on the west side of downtown. All suites and common...Read More

Listing Provided By: MICHAEL FLEMING REALTY CORP.

Last Updated: 2018-10-31

$8,950,000

  • 5 Beds
  • 7 full, 2 half Baths
  • Detached
  • 5,308 sq.ft.

[MLS®#: C4021040]A rare gem in the heart of prestigious Aspen Estates, this extensively landscaped one acre prop...Read More

Listing Provided By: SOTHEBY'S INTERNATIONAL REALTY CANADA

Last Updated: 2018-10-24

$7,800,000

  • 5 Beds
  • Retail (Commercial)
  • 9,600 sq.ft.

[MLS®#: C4216157]GAS STATION, CONVENIENCE STORE, CARWASH 10 BAY, PET WASH 2 BAY.

Listing Provided By: CIR REALTY

Last Updated: 2018-11-11

$7,500,000

  • 5 Beds
  • 5 full, 1 half Baths
  • Detached
  • 7,850 sq.ft.

[MLS®#: C4209311]One of a very few truly great estates in Calgary. Magnificently positioned on a 3/4 acre lot stret...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-10-17

$7,367,500

  • 5 Beds
  • Land

[MLS®#: C4131424]10.45 acres. Prime Industrial Land. Next to Stony Trail. Great visibility, city services available. Paved access. Call Realtor for detailed information. Additional 23.77 acres adjacent, also available.

Listing Provided By: RE/MAX LANDAN REAL ESTATE

Last Updated: 2018-10-26

$7,250,000

  • 3 Beds
  • 3 full, 2 half Baths
  • Condo
  • 4,284 sq.ft.

[MLS®#: C4206285]This breathtaking penthouse suite at The River offers 4284 sq. ft of living space overlooking the ...Read More

Listing Provided By: SOTHEBY'S INTERNATIONAL REALTY CANADA

Last Updated: 2018-10-29

$7,000,000

  • 5 Beds
  • 4 full, 2 half Baths
  • Detached
  • 9,274 sq.ft.

[MLS®#: C4179513]Here is an opportunity of a lifetime to own one of Calgary’s most magnificent homes with an invest...Read More

Listing Provided By: RE/MAX REAL ESTATE (CENTRAL)

Last Updated: 2018-08-01

$6,999,999

  • 5 Beds
  • Retail (Commercial)
  • 20,000 sq.ft.

[MLS®#: C4139753]Well known and well established large grocery store located in Calgary showing sales of approximately $12 million f...Read More

Listing Provided By: CIR REALTY

Last Updated: 2018-09-11

$6,995,000

  • 5 Beds
  • 5 full, 1 half Baths
  • Detached
  • 5,698 sq.ft.

[MLS®#: C4213480]Maillot Homes new 5,500 sq. ft. executive estate residence in Upper Mount Royal with spacious i...Read More

Listing Provided By: ROYAL LEPAGE BENCHMARK

Last Updated: 2018-10-29

$6,995,000

  • 5 Beds
  • Multi Unit (Commercial)
  • 11,592 sq.ft.

[MLS®#: C4210333]THE PRESIDENT - 24 unit building located in desirable Beltline surrounded by numerous amenities. The P...Read More

Listing Provided By: RE/MAX IREALTY INNOVATIONS

Last Updated: 2018-10-31

$6,500,000

  • 5 Beds
  • Industrial (Commercial)
  • 18,000 sq.ft.

[MLS®#: C4215268]OPPORTUNITIES LIKE THIS ARE RARE so don't let this one slip by. This is a fully operational Green ...Read More

Listing Provided By: MAXWELL CAPITAL REALTY

Last Updated: 2018-11-13


CREB The data relating to real estate on this web site comes in part from the MLS® Reciprocity program of the Calgary Real Estate Board (CREB®). This information is deemed reliable but is not guaranteed accurate by the CREB®.