December 2023 Calgary Real Estate Statistics Recap

Explore the dynamic shifts in Calgary's real estate landscape in our latest blog, delving into the December stats for 2023. Despite a slight easing in sales compared to last year's peak, the market remained robust with 27,416 transactions—significantly exceeding long-term trends and pre-pandemic activity. Notably, a pronounced trend emerged towards more affordable apartment-style condominiums.

According to CREB® Chief Economist Ann-Marie Lurie, higher lending rates impacted housing demand, yet the city experienced resilient activity, driven by strong migration levels, particularly in the affordable housing segment. Throughout the year, low supply levels in comparison to demand,…

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