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.”









Listing Details

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809 12 AV SW - MLS® # C4210333

Property Details

List Price
Living Area
11,592 sqft.
Lot Size Area
3256.98 sq.ft.
Multi Unit (Commercial)
Year Built


THE PRESIDENT - 24 unit building located in desirable Beltline surrounded by numerous amenities. The Property sits on 16,300sf +/- of land with an FAR of 13; that is a total buildable of over 210,000sf; that is less then $35 per buildable sf. The vacant 9,790sf of land is ready for your new 127,000sf development. Get the shovels ready now or wait with the great holding net income of $220,000 a year from the large 24 bachelor suites. Tenants are only a short walk to 17 Ave SW (the Red Mile), 4 St SW (Mission) and all of the Beltline and Downtown night life. Download the Brochure and Land Use information. Email or Call us today.

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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®.

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  • Ana McFadyen
  • 403-816-1026
  • 403-816-1026
  • 403-973-2237
  • Orange Jigsaw Real Estate
  • 205a 3 Ave
  • Strathmore, AB
  • T1P 1N7