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 6145 properties

$169,900

  • 1 Bed
  • 1 Bath
  • Condo
  • 565 sq.ft.

[MLS®#: C4223090]Cozy & chic! This 565 sqft main floor unit is the perfect stylish condo for a couple or s...Read More

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

Last Updated: 2019-01-21

$169,900

  • 2 Beds
  • 2 Baths
  • Condo
  • 814 sq.ft.

[MLS®#: C4220504]Introducing this bright and well kept 2nd floor unit that would be great for not just a fir...Read More

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

Last Updated: 2018-12-27

$169,900

  • 2 Beds
  • 1 Bath
  • Condo
  • 983 sq.ft.

[MLS®#: C4218744]**Open house Sunday Jan 20 from 12:00-2:00PM** Just reduced $10,000! Incredible location just a...Read More

Listing Provided By: CENTURY 21 FOOTHILLS REAL ESTATE

Last Updated: 2019-01-15

$169,900

  • 1 Bed
  • 1 Bath
  • Condo
  • 574 sq.ft.

[MLS®#: C4208152]Very roomy one bedroom suit.

Listing Provided By: CENTURY 21 BRAVO REALTY

Last Updated: 2019-01-09

$169,900

  • 1 Bed
  • 1 Bath
  • Condo
  • 613 sq.ft.

[MLS®#: C4210649]A great opportunity to own an affordable home with a scenic view of Downtown Calgary! This 613 Sq.F...Read More

Listing Provided By: EXP REALTY

Last Updated: 2019-01-07

$169,889

  • 2 Beds
  • 1 Bath
  • Condo
  • 832 sq.ft.

[MLS®#: C4177838]LOCATION, LOCATION, LOCATION! In the heart of downtown! Close to transit, shopping, restaurants, an...Read More

Listing Provided By: COLDWELL BANKER MOUNTAIN CENTRAL

Last Updated: 2018-10-15

$169,500

  • 2 Beds
  • 1 Bath
  • Condo
  • 744 sq.ft.

[MLS®#: C4194011]PRICE REDUCED!! FANTASTIC VALUE!! ** BETTER THAN NEW!! AWESOME INVESTMENT PROPERTY!! EXTENSIVELY R...Read More

Listing Provided By: SUTTON GROUP CANWEST

Last Updated: 2019-01-23

$169,000

  • 1 Bed
  • 1 Bath
  • Condo
  • 570 sq.ft.

[MLS®#: C4222114]Tremendous value in Bridgeland. Just a block away from school & a short walk to downtown along with...Read More

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

Last Updated: 2019-01-13

$169,000

  • 3 Beds
  • 1 Bath
  • Row House
  • 860 sq.ft.

[MLS®#: C4195106]LOCATION! LOCATION! LOCATION! Priced to sell! Situated in one of the most sought locations near tr...Read More

Listing Provided By: MAXWELL CANYON CREEK

Last Updated: 2018-12-20

$169,000

  • 3 Beds
  • Retail (Commercial)
  • 1,600 sq.ft.

[MLS®#: C4216391]This is an easy and excellent business for family operation! The store has newer energy savin...Read More

Listing Provided By: RE/MAX REALTY PROFESSIONALS

Last Updated: 2018-12-18

$169,000

  • 3 Beds
  • Retail (Commercial)
  • 1,100 sq.ft.

[MLS®#: C4222410]Great opportunity to own a supermarket. The property is well located in a busy business center wit...Read More

Listing Provided By: CENTURY 21 BRAVO REALTY

Last Updated: 2019-01-17

$169,000

  • 1 Bed
  • 1 Bath
  • Condo
  • 558 sq.ft.

[MLS®#: C4209384]Beautiful bright 1 bedroom condo with a large den, updated kitchen with a south facing...Read More

Listing Provided By: RE/MAX REALTY HORIZON

Last Updated: 2018-10-03

$169,000

  • 2 Beds
  • 1 full, 1 half Bath
  • Condo
  • 856 sq.ft.

[MLS®#: C4214049]Take advantage of low prices and secure this large apartment with total monthly payments, ba...Read More

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

Last Updated: 2019-01-04

$169,000

  • 2 Beds
  • Retail (Commercial)
  • 601 sq.ft.

[MLS®#: C4194884]Rare opportunity to become an owner of extraordinary business in most desirable community of SW Calgary! Situated i...Read More

Listing Provided By: MAXWELL SOUTH STAR REALTY

Last Updated: 2019-01-15

$169,000

  • 2 Beds
  • Retail (Commercial)
  • 2,200 sq.ft.

[MLS®#: C4218674]Opportunity to own a Restaurant with full commercial kitchen near Deerfoot City Mall, on 11 street NE, visible on h...Read More

Listing Provided By: CENTURY 21 BRAVO REALTY

Last Updated: 2018-12-04


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®.