Calgary Real Estate Market Update - November 2023

Increased Listings, Strong Sales, and Continued Price Growth In November, the real estate market demonstrated robust performance, marked by a notable surge in new listings, strong sales, and sustained price growth. New listings soared to 2,227 units, representing an impressive 40% increase compared to the same period last year. The surge in listings was widespread […]

Proposed Act Aims to Restrict Non-Canadian Ownership of Residential Property

Introduction:In an effort to address the challenges faced by the Canadian housing market, the Canadian government has proposed a new act that seeks to regulate and restrict the purchase of residential property by non-Canadians. The act, known as the “Prohibition on Purchase of Residential Property by Non-Canadians Act,” aims to strike a balance between foreign … Continue reading "Proposed Act Aims to Restrict Non-Canadian Ownership of Residential Property"

Calgary Real Estate Market Update - April 2023

MAY 1, 2023 Prices rise to a new record level. Home prices were under additional upward pressure in April as a result of the ongoing seller’s market. After four months of consistent increases, the overall unadjusted benchmark price increased to $550,800, a new monthly high for the city and about 2% higher than last month. […]

Calgary Real Estate Market Update - March 2023

MARCH HOUSING MARKET UPDATEPrices increase as conditions suit the seller Sales and new listings are now higher than they were at the start of the year. As a consequence, some anticipated monthly inventory level gains were supported by the difference between sales and new listings. The months of supply were just above one month, solidly […]