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 6524 properties

$6,500,000

  • 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

$6,000,000

  • Institutional (Commercial)
  • 20,750 sq.ft.

[MLS®#: C4160813]Incredibly rare opportunity to purchase an existing school facility in the community of Bridgeland. ...Read More

Listing Provided By: RE/MAX IREALTY INNOVATIONS

Last Updated: 2018-12-03

$5,990,000

  • Multi Unit (Commercial)
  • 121,150 sq.ft.

[MLS®#: C4210143]Just rezoned to C-COR 1, FAR 4.5, H 29 with a Potential Conceptual Building with 90 +/- Condo Apartment...Read More

Listing Provided By: REAL ESTATE PROFESSIONALS INC.

Last Updated: 2018-10-06

$5,900,000

  • Office (Commercial)
  • 21,196 sq.ft.

[MLS®#: C4195531]Fantastic opportunity for owner user or investor to purchase an inner city office building with excep...Read More

Listing Provided By: RE/MAX IREALTY INNOVATIONS

Last Updated: 2018-07-12

$5,889,000

  • 5 Beds
  • 5 full, 2 half Baths
  • Detached
  • 6,063 sq.ft.

[MLS®#: C4196015]Nestled in the prestigious community of Pump Hill, this exquisite 11,000 sqft home boasts 5 bdrms, 4 ...Read More

Listing Provided By: ENGEL & VOLKERS CALGARY

Last Updated: 2018-08-15

$5,750,000

  • 5 Beds
  • Industrial (Commercial)
  • 33,600 sq.ft.

[MLS®#: C4214430]33,600ft2, 10-bay warehouse on 2.25ac in Horizon, one of the busiest industrial areas in Calgary NE. ...Read More

Listing Provided By: STONEMERE PROPERTY SOLUTIONS

Last Updated: 2018-11-06

$5,500,000

  • 5 Beds
  • Retail (Commercial)
  • 14,002 sq.ft.

[MLS®#: C4181628]Prime Retail Plaza in busy NW location. Two original tenants from 1979 including the anchor Royal Bank...Read More

Listing Provided By: HERITAGE RIVER REALTY LTD.

Last Updated: 2018-12-01

$5,475,000

  • 5 Beds
  • Industrial (Commercial)
  • 7,600 sq.ft.

[MLS®#: C4213957]An amazing investment opportunity for sale in the heart of the Industrial Park in Calgary. With clos...Read More

Listing Provided By: RE/MAX HOUSE OF REAL ESTATE

Last Updated: 2018-10-23

$5,000,000

  • 5 Beds
  • Office (Commercial)
  • 27,200 sq.ft.

[MLS®#: C4211367]JUDICIAL SALE: 3.07 acres of land located in prime commercial location on corner of Mcknight Boul and...Read More

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

Last Updated: 2018-11-18

$5,000,000

  • 5 Beds
  • Institutional (Commercial)
  • 27,429 sq.ft.

[MLS®#: C4184442]Current church building on 1.9 +/- acres For Sale. This is a prime opportunity to purchase an inner ...Read More

Listing Provided By: RE/MAX REAL ESTATE (MOUNTAIN VIEW)

Last Updated: 2018-05-15

$4,998,000

  • 5 Beds
  • 6 full, 2 half Baths
  • Detached
  • 5,100 sq.ft.

[MLS®#: C4135175]Recent upgrades including hook ups to city services (water & sewer). Hundreds of trees & shrubs, in...Read More

Listing Provided By: SOTHEBY'S INTERNATIONAL REALTY CANADA

Last Updated: 2018-08-21

$4,680,000

  • 4 Beds
  • 5 full, 1 half Baths
  • Detached
  • 6,032 sq.ft.

[MLS®#: C4197710]One of the finest residences in the city, this property enjoys a premier location in one of the...Read More

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

Last Updated: 2018-09-04

$4,500,000

  • 4 Beds
  • Industrial (Commercial)
  • 29,070 sq.ft.

[MLS®#: C4201749]For Sale or Lease a total of 29,070 Sq. Ft. with existing tenant using 6301 Sq. Ft. until 2023 1.32 A...Read More

Listing Provided By: GREY ROCK MARKETING SOLUTIONS INC.

Last Updated: 2018-12-10

$4,500,000

  • 3 Beds
  • 3 full, 1 half Baths
  • Condo
  • 3,175 sq.ft.

[MLS®#: C4205322]A truly rare opportunity located in Calgary's only luxury waterfront boutique development, The River...Read More

Listing Provided By: SOTHEBY'S INTERNATIONAL REALTY CANADA

Last Updated: 2018-09-19

$4,500,000

  • 3 Beds
  • Hotel/Motel (Commercial)
  • 11,500 sq.ft.

[MLS®#: C4189727]A rare business/investment opportunity to own this beautiful 4 star and recently renovated boutique m...Read More

Listing Provided By: YMK REAL ESTATE & MANAGEMENT INC.

Last Updated: 2018-10-28


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®.