Calgary Market Report Infographics

Thursday, November 3, 2022 9:45:45 PM UTC
INFOGRAPHICS: October 2022 CREB City And Region Market Reports

Sales remain stronger than pre-covid levels

October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.

However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only two months to go, 2022 will likely post a record year in terms of sales.

“Calgary hasn’t seen the same degree of pullback in housing sales like other parts of Canada, thanks to persistently strong demand for our higher density product,” said CREB® Chief Economist Ann-Marie Lurie. “While our city is not immune to the impact that inflation and higher rates are having, strong employment growth, positive migration flows and a stronger commodity market are helping offset some of that impact.”

New listings also trended down this month causing the sales-to-new-listings ratio to rise to 85 per cent and inventories to trend down. Much of the inventory decline has been driven by product priced below $500,000.

Read the full report on the CREB website!

 


 

The following data is a comparison between October 2022 and October 2021 numbers, and is current as of November 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – October 2022 CREB, City of Calgary Report Part 1
Download Printable Version – October 2022 CREB, City of Calgary Report Part 2
Download Printable Version – October 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: September 2022 CREB City And Region Market Reports

Demand shifting to more affordable option

Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year. However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September. Despite recent pullbacks in sales and thanks to strong levels earlier in the year, year-to-date sales remain 15 per cent higher than last year’s levels.

“While demand is easing especially for higher priced detached and semi-detached product, purchasers are still active in the affordable segments of the market, cushioning much of the impact on sales,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, we are seeing new listings ease, preventing the market from becoming oversupplied and supporting more balanced conditions.”

In September, new listings declined by ten per cent. With a sales-to-new-listings ratio of 72 per cent it was enough to prevent any gain in inventory levels, which declined over last month and were nearly 21 per cent lower than last year’s levels. The adjustments in both sales and supply levels have caused the months of supply to remain relatively low at less than three months.

The shift to more balanced conditions is causing some adjustments to home prices. While prices have slid from the highs seen in May, as of September, benchmark prices remain 11 per cent higher than last year and six per cent higher than levels reported at the beginning of the year.

Read the full report on the CREB website!

 


 

The following data is a comparison between September 2022 and September 2021 numbers, and is current as of October 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – September 2022 CREB, City of Calgary Report Part 1
Download Printable Version – September 2022 CREB, City of Calgary Report Part 2
Download Printable Version – September 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: August 2022 CREB City And Region Market Reports

Supply levels ease with fewer new listings in August

August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.

“While higher lending rates have slowed activity in the detached market, we are still seeing homebuyers shift to more affordable options which is keeping sales activity relatively strong,” said CREB® Chief Economist Ann-Marie Lurie. “This makes Calgary different than some of the larger cities in the country which have recorded significant pullbacks in sales.”
At the same time, new listings continue to trend down, preventing any supply gains or a substantial shift in the months of supply.

Despite year-over-year gains in new listings, the spread between new listings and sales this month narrowed compared to the past three months. This caused total inventory to trend down and prevented any significant shift in the months of supply. The months of supply in August remained at just above two months, not at tight as earlier in the year, but still below levels traditionally seen this time of year.

Read the full report on the CREB website!

 


 

The following data is a comparison between August 2022 and August 2021 numbers, and is current as of September 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – August 2022 CREB, City of Calgary Report Part 1
Download Printable Version – August 2022 CREB, City of Calgary Report Part 2
Download Printable Version – August 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: July 2022 CREB City And Region Market Reports

Detached home sales decline as apartment condominium sales rise

Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our market.

Rising lending rates are causing shifts within the market and, as a result, new listings for higher-priced product are on the rise relative to sales activity,” said CREB® Chief Economist Ann-Marie Lurie.

Meanwhile, there continues to be a lack of supply for lower-priced detached and semi-detached product. This is driving consumers who are looking for affordable homes to purchase apartment- and row-style properties.”

Read the full report on the CREB website!

 


 

The following data is a comparison between July 2022 and July 2021 numbers, and is current as of August 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – July 2022 CREB, City of Calgary Report Part 1
Download Printable Version – July 2022 CREB, City of Calgary Report Part 2
Download Printable Version – July 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: June 2022 CREB City And Region Market Reports

Market starts to shift as sales slow

Sales activity in June eased relative to the past several months and with 2,842 sales, levels declined by two per cent over last year’s record high. While sales activity has remained relatively strong for June levels, the decline was driven by a pullback in detached and semi-detached home sales.

“As expected, higher interest rates are starting to have an impact on home sales. This is
helping shift the market toward more balanced conditions and taking some of the pressure off prices,” said CREB® Chief Economist Ann-Marie Lurie.

“While we are starting to see some transition, it is important to note that in Calgary year-todate sales are still at record levels and prices are still far above expectations for the year.”

This pullback in sales was not met with the same level of pullback in new listings. This
caused inventories to trend up over previous months. These shifts are supporting some easing from the exceptionally tight conditions as the months of supply remained just shy of two months. While two months is still considered low for our market, it is a significant change over the one month of supply recorded earlier in the year.

Read the full report on the CREB website!

 


 

The following data is a comparison between June 2022 and June 2021 numbers, and is current as of July 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – June 2022 CREB, City of Calgary Report Part 1
Download Printable Version – June 2022 CREB, City of Calgary Report Part 2
Download Printable Version – June 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: May 2022 CREB City And Region Market Reports

Market continues to favour the seller despite slowing sales

For the second month in a row, sales activity trended down after all-time record high sales in March. While activity in the market slowed down in May with 3,071 sales, levels are still slightly higher than last year’s record high and are far stronger than typical levels of activity recorded in May.

It’s not a surprise to see sales ease from the exceptionally strong levels seen earlier in the year. Many buyers were eager to get into the market ahead of the rate gains that we are now seeing,” said CREB® Chief Economist Ann-Marie Lurie.

“While higher lending rates are weighing on sales activity, the market is still struggling with supply levels and rising prices which could also be contributing to slower sales, especially in the detached market. Nonetheless, if this shift continues, we could begin to see more balanced conditions in the market over the next several months, slowing the pace of price growth in the market.

Slower sales were met with a decline in new listings, but a strong pullback in sales was enough to cause inventories to trend up relative to levels seen over the past few months. While inventory remains well below historical norms, the monthly gains did take off some of the pressure in the market. However, with just under two months of supply, the market continues to favour the seller.

Tight market conditions continue to contribute to further price gains in the market, but the pace of growth has eased relative to what occurred over the previous four months. Overall, the benchmark price reached $546,000 in May, over 14 per cent higher than last year’s levels.

Read the full report on the CREB website!

 


 

The following data is a comparison between May 2022 and May 2021 numbers, and is current as of June 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – May 2022 CREB, City of Calgary Report Part 1
Download Printable Version – May 2022 CREB, City of Calgary Report Part 2
Download Printable Version – May 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: April 2022 CREB City And Region Market Reports

Sellers’ market conditions continue in April

Following an all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales this month, it was still a gain of six per cent over last year and a record high for the month of April.

“Despite some of the monthly pullback, it is important to note that sales remain exceptionally strong and are likely being limited due to supply choice in the market,” said CREB® Chief Economist Ann-Marie Lurie.

While further rate increases will likely start to dampen demand later this year, more pullbacks in new listings this month are ensuring the market continues to favour the seller, resulting in further price gains. New listings trended down relative to last month and levels recorded last year. With the sales-to-new listings ratio remaining above 74 per cent, there was not much of a shift in overall inventory levels.

With 4,850 units in inventory, we are no where near record low inventory levels, however, levels are far lower than what was recorded in April since 2014. What has changed in the market is the composition of the inventory levels. When comparing inventories today to what was available in 2014, we can see that detached homes comprise of a smaller share of the inventory levels especially for properties priced below $500,000.

Overall, the Calgary market has seen the months of supply remain below two months since November of last year, placing significant upward pressure on prices. The benchmark price in April reached $526,700, which is nearly two per cent higher than last month and 17 per cent higher than last year.

Read the full report on the CREB website!

 


 

The following data is a comparison between April 2022 and April 2021 numbers, and is current as of May 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – April 2022 CREB, City of Calgary Report Part 1
Download Printable Version – Apri 2022 CREB, City of Calgary Report Part 2
Download Printable Version – April 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: March 2022 CREB City And Region Market Reports

Record high sales seen again in March

For the second month in a row, sales activity not only reached a monthly high but also hit new all-time record highs for any given month. Gains occurred across all property types as they all hit new all-time record highs.

An increase in new listings this month helped support the growth in sales activity. However, inventories have remained relatively low, ensuring the market continues to favour the seller.
“While supply levels have improved from levels seen over the past four months, inventory levels are still well below what we traditionally see in March, thanks to stronger than expected sales activity,” said CREB® Chief Economist Ann-Marie Lurie. “With just over one month of supply in the market, the persistently tight market conditions continue to place significant upward pressure on prices.”

With an unadjusted benchmark price of $518,600 this month, the monthly gain increased by another four per cent. After three consecutive gains, prices have risen by nearly $55,000 since December and currently sit nearly 18 per cent higher than last year’s levels.

Read the full report on the CREB website!

 


 

The following data is a comparison between March 2022 and March 2021 numbers, and is current as of April 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – March 2022 CREB, City of Calgary Report Part 1
Download Printable Version – March 2022 CREB, City of Calgary Report Part 2
Download Printable Version – March 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: February 2022 CREB City And Region Market Reports

Sales continue to surge as listings rise

Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last months levels. However, with only one month of supply, the market continues to favour the seller.

“Sales have been somewhat restricted by the lack of supply choice in the market. While sellers did respond with a record level of new listings this month, the demand has been so strong that the housing market continues to remain undersupplied causing further price gains,” said CREB® Chief Economist Ann-Marie Lurie.

The total residential benchmark price for the city rose by nearly six per cent over January levels and was over 16 per cent higher than levels recorded last February. Much of the growth has been driven by the detached segment of the market which has not seen conditions this tight in over 15 years.

Read the full report on the CREB website!

 


 

The following data is a comparison between February 2022 and February 2021 numbers, and is current as of March 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – February 2022 CREB, City of Calgary Report Part 1
Download Printable Version – February 2022 CREB, City of Calgary Report Part 2
Download Printable Version – February 2022 CREB, Calgary Region Report

 

 

 

 


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INFOGRAPHICS: January 2022 CREB City And Region Market Reports

Sellers’ market conditions continue to impact prices

Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months.

The tight market conditions contributed to further upward pressure on prices. The unadjusted benchmark price in January reached $472,300, a monthly gain of nearly two per cent and a year-over-year gain of 12 per cent.

“Expected gains in lending rates are contributing to persistently strong demand in the housing market, as purchasers are eager to get ahead of any increases,” said CREB® Chief Economist Ann-Marie Lurie.

Read the full report on the CREB website!

 


 

The following data is a comparison between January 2022 and January 2021 numbers, and is current as of February 2022. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!

 

Download Printable Version – January 2022 CREB, City of Calgary Report Part 1
Download Printable Version – January 2022 CREB, City of Calgary Report Part 2
Download Printable Version – January 2022 CREB, Calgary Region Report

 

 

 

 


Custom real estate infographics published by myRealPage.com

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