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CREB: Unemployment rate slows housing market recovery

September 4th, 2018

Media release: Unemployment rate slows housing market recovery

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 p ...

A Bumpy Road to Recovery

March 4th, 2018

A Bumpy Road to Recovery

Calgary housing market prices hold, but sales fall

Calgary, March 1, 2018 –

Residential home sales declined in February, but a decline in new listings helped keep prices steady this month.

Sales totaled 1.094 units in February, 18 per cent below last year's activity. Easing sales occurred across all property types this month, ...

Housing recovery a balancing act

September 1st, 2017

Housing recovery a balancing act

Growth in new listings outpaced sales preventing inventory declines 

Sales posted a modest gain in August, but a rise in new listings kept inventory levels elevated.   

Inventories totaled 6,624 units, where over half were comprised of attached and apartment style properties. While inventories were 16 per cent higher than August 2016 levels, the slight rise ...

Housing market remains unchanged in January

February 2nd, 2016

Housing market remains unchanged in January 

Slow sales activity and inventory gains place downward pressure on prices

Calgary’s housing market is starting 2016 firmly in buyers’ market territory, much the same as last year ended. 

“The recent slide in energy prices has raised concerns about near-term recovery prospects for the city,” said CREB® chief economist Ann-Marie Lu ...

CREB® forecasts downward pressure on prices in 2016

January 13th, 2016

CREB® forecasts downward pressure on prices in 2016


With no economic change on the horizon, demand for housing in Calgary will be weak in 2016, as sales activity is expected to fall by 2.2 per cent to 18,416 units, CREB® said today in its annual forecast. The annualized benchmark price is expected to decline by 3.44 per cent to $438,652.

Weak demand and supply gains are exp ...

Housing market conditions favour buyers

December 3rd, 2015

Housing market conditions favour buyers

Weak sales activity relative to inventory places downward pressure on prices  

Calgary, Dec. 1, 2015 – Persistently high inventory levels within Calgary’s residential resale housing market, combined with weak sales activity, contributed to buyers' conditions in November.

Monthly sales totaled 1,263 units, a 28 per ce ...

Prices decline for the second consecutive month

November 3rd, 2015

Prices decline for the second consecutive month

Sales activity remains well below long-term averages

Elevated inventory levels in October contributed to a second consecutive month of price declines in Calgary’s resale residential housing market.

Benchmark prices declined 0.7 per cent from the previous month, and 1.2 per cent from the same time last year, to $453,100.

“Pers ...

Market remains balanced despite easing in absorption rates

August 5th, 2015

Market remains balanced despite easing in absorption rates

Supply gain in apartment sector threatens to impact price

Declines in residential housing sales activity eased in July, creating, when combined with stable inventory levels, no change to the month-over-month price.

Year-over-year sales fell by 14 per cent to 1,995 units in July, compared to a 17.8 per cent decrease ...

Housing prices to ease in second half, CREB® forecasts

July 30th, 2015

Housing prices to   ease in second half, CREB® forecasts

Continued weakness   in housing demand will limit downward pressure on supply levels and cause prices to ease in the second half of the year, CREB® said in its 2015 mid-year forecast. Despite this anticipated retraction, Calgary’s benchmark prices are only expected to decline by less than one per cent on an annual basis ...

June sales consistent with typical levels

July 2nd, 2015

Calgary inventory levels ease

Calgary, July 2, 2015 -

Despite the 18 per cent year-over-year decline in June home sales, for a total of 2,183 units, transaction levels remain only five per cent below the 10 year average for June and three per cent above levels over the past five years.

"We’ve seen less concern from consumers lately," said CREB® president Corinne Lyall. "One of th ...

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