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

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Apartment

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REGIONAL MARKET FACTS

Airdrie

Cochrane

Okotoks

Total of 6524 properties

$3,890,000

  • Industrial (Commercial)
  • 28,334 sq.ft.

[MLS®#: C4201181]For Sale Free standing building on 1.33 acres, high power, some renovations. 2018 Appraised va...Read More

Listing Provided By: GREY ROCK MARKETING SOLUTIONS INC.

Last Updated: 2018-12-10

$3,888,000

  • 4 Beds
  • 3 full, 1 half Baths
  • Detached
  • 2,601 sq.ft.

[MLS®#: C4217844]**OPEN HOUSE Saturday, Dec. 15th from 11am-1pm.**Welcome to the Skyfall, the latest work of a...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-12-13

$3,850,000

  • 4 Beds
  • Land

[MLS®#: C4149187]20.02 acres of perfect investment land with a bungalow house - Providence SW - within the city limit...Read More

Listing Provided By: RE/MAX LANDAN REAL ESTATE

Last Updated: 2018-11-29

$3,800,000

  • 2 Beds
  • 3 full, 1 half Baths
  • Detached
  • 2,856 sq.ft.

[MLS®#: C4186666]A PIECE OF HISTORY! This MAGNIFICENT HOME sits on part of the ORIGINAL BURNS GARDENS, created b...Read More

Listing Provided By: RE/MAX REALTY PROFESSIONALS

Last Updated: 2018-11-30

$3,800,000

  • 2 Beds
  • Multi Unit (Commercial)
  • 12,232 sq.ft.

[MLS®#: C4165557]2 well-kept concrete block apartment buildings are ideally located along 17th Ave SW, walking distanc...Read More

Listing Provided By: ROYAL LEPAGE BENCHMARK

Last Updated: 2018-02-09

$3,800,000

  • 2 Beds
  • Retail (Commercial)
  • 10,953 sq.ft.

[MLS®#: C4117965]THIS HIGH DEMAND PRIME COMMERCIAL PROPERTY CONSIST 4-ADDRESSES; (1.) 4404-17 AVE.SE. THE DRAGON GATE ...Read More

Listing Provided By: REAL ESTATE PROFESSIONALS INC.

Last Updated: 2018-11-20

$3,799,000

  • 5 Beds
  • 7 full, 2 half Baths
  • Detached
  • 5,888 sq.ft.

[MLS®#: C4204591]Riverfront luxury home completed in 2014 and designed to withstand a 100 year flood ( see supplem...Read More

Listing Provided By: REAL ESTATE PROFESSIONALS INC.

Last Updated: 2018-12-03

$3,799,000

  • 6 Beds
  • 6 full, 1 half Baths
  • Detached
  • 4,516 sq.ft.

[MLS®#: C4145188]Fabulous executive residence with a south rear yard on prestigious Britannia Drive. This stat...Read More

Listing Provided By: RE/MAX HOUSE OF REAL ESTATE

Last Updated: 2018-09-19

$3,795,000

  • 6 Beds
  • 6 full, 1 half Baths
  • Detached
  • 4,686 sq.ft.

[MLS®#: C4209712]Breathtaking views and exquisite finishes are at the core of this outstanding Elegant Homes ma...Read More

Listing Provided By: RE/MAX HOUSE OF REAL ESTATE

Last Updated: 2018-12-10

$3,795,000

  • 5 Beds
  • 6 full, 3 half Baths
  • Detached
  • 4,276 sq.ft.

[MLS®#: C4191652]Situated in the sought after neighbourhood of Elbow Park this stately home boasts 4344 sq. ft. of de...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-11-21

$3,600,000

  • 5 Beds
  • Retail (Commercial)
  • 17,921 sq.ft.

[MLS®#: C4191314]Great location! In Commercial Corridor District on 16Ave NW. Close to COP, University of Calgary, Sar...Read More

Listing Provided By: CIR REALTY

Last Updated: 2018-08-08

$3,500,000

  • 5 Beds
  • Land

[MLS®#: C4202219]vacant land 200'x130' for sale close to downtown easy access to deerfoot higway and blackfoot trail.

Listing Provided By: CITY HOMES REALTY

Last Updated: 2018-08-20

$3,499,900

  • 4 Beds
  • 4 full, 2 half Baths
  • Detached
  • 4,260 sq.ft.

[MLS®#: C4193406]A stunning timber frame home of daring design that blends inspiration from Canmore & West ...Read More

Listing Provided By: SOTHEBY'S INTERNATIONAL REALTY CANADA

Last Updated: 2018-06-29

$3,450,000

  • 4 Beds
  • Land

[MLS®#: C4171986]3.95 acres of prime development land, zoned for Multi-Residential development (M-1 d100) to a ...Read More

Listing Provided By: CENTURY 21 BAMBER REALTY LTD.

Last Updated: 2018-11-29

$3,400,000

  • 4 Beds
  • 4 Baths
  • Multi Unit (Commercial)

[MLS®#: C4116666]ATTENTION BUILDERS/DEVELOPERS Very rare 50X130 lot in the Beltline. CC-MH zoning is what makes ...Read More

Listing Provided By: FIRST PLACE REALTY

Last Updated: 2018-10-23


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®.