April 2024 Calgary Real Estate Statistics Recap


Introducing the latest real estate statistics for April 2024 in Calgary, offering a detailed snapshot of the city's housing market dynamics. Delve into the numbers to uncover trends in sales, listings, inventory levels, and pricing, providing valuable insights for those navigating the Calgary real estate landscape.

In the City of Calgary, sales during April surged by seven percent compared to the previous year, totaling 2,881 units. Although the rate of growth slowed down compared to earlier months in the year, sales still outpaced long-term trends for April by 37 percent. The bulk of this sales increase was observed in the market for more…

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March 2024 Calgary Real Estate Statistics Recap

Explore the shifting landscape of Calgary's real estate market as we dive into the March 2024 statistics. February 2024 statistics March saw a surge in sales, reaching 2,664 units, marking a 10% increase compared to last year, surpassing long-term trends. Although new listings slightly increased to 3,172 units from the previous month, they remained below March averages, failing to impact the supply situation significantly. With the sales-to-new listings ratio hitting 84%, and months of supply falling below one month, the market hasn't experienced such tight conditions since 2006, coinciding with high levels of interprovincial migration.

Ann-Marie Lurie, Chief Economist at CREB®, notes that the market…

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February 2024 Calgary Real Estate Statistics Recap

Explore the dynamic shifts in Calgary's real estate landscape with our latest blog dissecting the February 2024 statistics. Sales surged to 2,135 units, a significant 23% increase over last year, fueled by a peak in new listings at February 2024 statistics 2,711 units. Notably, homes under $500,000 faced a 31% drop in inventory, while higher-priced homes saw increased supply, hinting at balanced conditions in the upper end market.

Ann-Marie Lurie, Chief Economist at CREB®, notes that while the influx of listings expands buyer options, it does little to alleviate supply challenges, driving prices upward. With a tight inventory of just over one month's supply, the market continues its upward trajectory,…

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If you’ve ever considered a move within Canada, you’ve definitely heard of these two cities: Calgary and Vancouver.

Vancouver has a picturesque coastal setting, while Calgary is known for its proximity to the majestic Rockies. This blog explores the practical and lifestyle considerations of moving from British Columbia to Calgary, Alberta.

Vancouver has natural beauty and a vibrant culture. This contrasts with Calgary's dynamic economy and affordable living. Beyond the postcard images, each city has its unique challenges and rewards. Vancouver's high cost of living and competitive housing market often overshadow its beautiful scenery and mild climate. Meanwhile, Calgary's booming job market and lower living expenses offer a different appeal. They…

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January 2024 Calgary Real Estate Statistics Recap

Discover the dynamic shifts unfolding in Calgary's real estate realm in our latest blog, which unpacks the January 2024 statistics. With sales soaring to 1,650 units, eclipsing last year's figures and long-term patterns, fueled by a surge in new listings peaking at 2,137 units. Notably, there's a notable uptick in listings for homes priced above $300,000, particularly those exceeding $700,000. However, despite this surge, Calgary's housing inventory remains scarce at 2,150 units, nearly 49 percent below the historical average, maintaining a tight market scenario.

As observed by Ann-Marie Lurie, Chief Economist at CREB®, the influx of listings expands options for buyers but does…

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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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A Comprehensive Guide for Buyers and Sellers to Understanding Condo Document Reviews

The journey of buying a home is a significant life investment, and the involvement of real estate professionals adds expertise to this process. However, when it comes to condominiums, even seasoned professionals might miss critical details present in condo documents. This is where condo review specialists come into play, functioning as the equivalent of a home inspector for resale homes. Their role is pivotal in preventing unexpected future expenses, potential increases in condo fees, or, worst-case scenario, hefty special assessment notices for unforeseen costs not initially covered in the condo documents.

 

USE OUR QUICK NAVIGATION GUIDE BELOW TO JUMP TO ANY…

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Are you considering a real estate investment in Calgary? Before you purchase a condo, it’s crucial to explore the liabilities that come with your purchase and why they may not align with your investment goals.

 

Buying a condo in Calgary may seem like a lucrative investment, but weighing the associated liabilities and recognizing your potential risk is important.Should you purchase a condominium in Calgary Whether you’re contemplating a move into an apartment or considering it as an investment property, assessing how these liabilities could result in increased long-term costs is important. 

Investing in Calgary apartments poses challenges due to poor construction, financial planning, and special assessment that could lead to potential losses and higher maintenance costs in the…

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November 2023 Calgary Real Estate Statistics Recap

November 2023 Calgary Real Estate Statistics Recap: A Market of Growth and Opportunities

As the leaves fell and the temperatures dropped in November 2023, the Calgary real estate market did anything but cool down. This month has been a testament to the dynamic and ever-evolving nature of our local real estate scene, marked by a notable surge in listings, robust sales, and continued price growth. Whether you're a seasoned investor, a first-time buyer, or someone considering selling your home, these statistics offer invaluable insights into the current market trends.

???? A Surge in New Listings: November witnessed an impressive influx of new listings, totaling 2,227 units. This…

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Dive into Calgary's booming coworking culture and explore spaces that blend style, function, and community.

Use our quick navigation guide below to jump to any point of our blog on The Best Coworking Spaces in Calgary:

  • Why coworking spaces in Calgary are flourishing…
  • TradeSpace: More Than Just a Desk
  • Assembly Coworking Space: Where Ideas Come to Life
  • Workhaus Core: Downtown Vibe with a Personal Touch
  • ReSourceYYC: Fostering Business Growth in Every Corner
  • The Collective 1212: Where Creativity and Collaboration Meet
  • Exploring Work Nicer Coworking: Rail Yards, Red Mile, and Roxbury
  • Seventy 70 Cowork: Where Professionalism Meets Comfort
  • Fuse33 Makerspace: Unleashing the Maker in You
  • Boardroom Coworking by Boardwalk:…

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