HOUSING MARKET FACTS

Friday, November 2, 2018Norm Rousseauposted in CREB Market Statistics

Calgary October 2018

Detached

  • Detached sales in October totaled 829 units, for an 8.6-per-cent decline, resulting in a year-to-date decline of 15 per cent. This is the slowest level of detached sales since the late ’90s.
  • Year-to-date, the largest decline in sales occurred in the $600,000 – $999,999 price range, reflecting slow demand coming from move-up buyers.
  • For the second month in a row, new-listing growth eased, helping prevent further inventory gains. However, as this segment remains oversupplied, prices continue to trend down.
  • Detached benchmark prices totaled $490,200 in October. This is below last month and three per cent below last year. On a year-to-date basis, prices remain one per cent below last year’s levels.
  • As of October, year-over-year prices have eased across all districts, with the largest declines occurring in the North East, North West, South and South East districts. This is likely a result of added competition from the new-home sector.

Oversupplied market weighs on prices

Friday, November 2, 2018Norm Rousseauposted in CREB Market Statistics

City of Calgary, November 1, 2018 –

Elevated inventory levels compared to sales, are causing prices to ease further in Calgary’s housing market.
Citywide benchmark prices totaled $426,300 in October, trending down for the fifth consecutive month and resulting in a year-over-year decline of 2.9 per cent.
“Job growth in this city remains a concern, as unemployment levels remain well above levels expected for this year. Rising costs of ownership also continue to weigh on housing demand,” said CREB® chief economist Ann-Marie Lurie.

November 11

Tuesday, October 30, 2018Norm Rousseauposted in General

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Nov 4 2018 Daylight Saving Time Ends

Tuesday, October 30, 2018Norm Rousseau

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HOUSING MARKET FACTS

Tuesday, October 2, 2018Norm Rousseauposted in CREB Market Statistics

Attached October 2, 2018

• The attached sector has recorded year-to-date sales of 2,814. This is 15 per cent below last year and 14 per cent below long-term averages.

• With no significant reduction in new listings, inventory levels remained elevated, pushing up months of supply to over seven months.

• Elevated levels of supply compared to demand persisted for both row and semi-detached product types. Like all other sectors, the oversupply has weighed on prices across all districts, except the City Centre, North East and East.

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