Aditya Batra - MaxWell Polaris
Navi Lobana - MaxWell Polaris
Helen Berry - MaxWell Challenge Realty
Merianne Aldaca - MaxWell Challenge Realty
Owen Herklotz - MaxWell Challenge Realty
Emily Svanda - MaxWell Devonshire Realty (Sherwood Park)
Robert Savage - MaxWell Devonshire Realty
Richard Glover - MaxWell Polaris
Akhshat Sareen - MaxWell Polaris

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Calgary housing market expected to remain strong in 2022 after record-breaking 2021

 


City of Calgary, Jan. 25, 2022 – Housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.

“Despite challenges with COVID-19, we are starting to see a turnaround in our job and migration numbers, and while interest rates are expected to rise, they remain relatively low. All these factors are expected to support strong housing demand into 2022,” said CREB® Chief Economist Ann-Marie Lurie.

“The biggest question will be whether supply can meet that demand. It will take time for housing to move out of…

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2021 record year for home sales!

City of Calgary, Jan. 4, 2022 – Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary sales reached 27,686 units this year, nearly 72 per cent higher than last year and over 44 per cent higher than the 10-year average.

 “Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months. However, as is the case in many other cities, the supply has not kept pace with the demand, causing strong price growth,” said CREB® Chief Economist Ann-Marie Lurie.

 As of December, the unadjusted benchmark price rose by nearly one per cent over last month and was sitting over 10 per cent higher than last year’s figures. Overall, the 2021…

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Suzy Buckley - MaxWell Capital Realty
Helen Berry - MaxWell Challenge Realty
Paul Glassford - MaxWell Realty Invermere
Merianne Aldaca - MaxWell Challenge Realty
Shandel Barr - MaxWell Real Estate Solutions
Owen Herklotz - MaxWell Devonshire Realty
 Don Liu - MaxWell Polaris (WELCOME BACK)
Emily Svanda - MaxWell Devonshire Realty (Sherwood Park)
Robert Savage - MaxWell Devonshire Realty

 

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City of Calgary, Dec. 1, 2021 - Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005.

“Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,” said CREB® Chief Economist Ann-Marie Lurie.

“At the same time, supply levels have struggled to keep pace, causing tight conditions and additional price gains.”

New listings in November totalled 1,989 units, which was fewer than the number of sales this month. With a sales-to-new-listings ratio of over 100 per cent, inventory levels dropped to 3,922 units and the months of supply dipped below two…

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Nancy Duong - MaxWell Progressive (Windermere)
Kelly Anne Featherstone - MaxWell Elite
Jonathan Legault - MaxWell Polaris
Byron Scheuer - MaxWell Polaris
Stephanie Zemunovic - MaxWell Devonshire Realty
Durgesh (Doug) Vavilala - MaxWell Capital Realty
Geet Gumber - MaxWell Capital Realty
 Balwinder Dhillon - MaxWell Polaris
Kareen Enciso - MaxWell Canyon Creek
Stefan Radovanovic - MaxWell Polaris
Yoseph Yisak - MaxWell Devonshire Realty

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Market continues to favour the seller in October

 

City of Calgary, Nov. 1, 2021 - There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages. Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than average activity recorded over the past five years and 42 per cent higher than 10-year averages.

“Moving into the fourth quarter, the pace of housing demand continues to exceed expectations in the city,” said CREB® Chief Economist Ann-Marie Lurie.

“Much of the persistent strength is likely related to improving confidence in future economic prospects, as well as a sense of urgency among consumers…

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Natalie Paquin - MaxWell Devonshire Realty
Karl Karanjia - MaxWell Polaris
Brian Arndt - MaxWell Excel Realty
Brandon Robinson - MaxWell Capital Realty
Alex Balca - MaxWell Elite Realty
Lakhvir Sidhu - MaxWell Polaris
Shaneil Kumar - MaxWell Polaris
Manpreet Singh - MaxWell Polaris
Edward Czaja - MaxWell Challenge Realty
Sanam Aujla - MaxWell Progressive
Kulwinder Kang - MaxWell Polaris
Vikram Kalair - MaxWell Polaris
Arun Ward - MaxWell Challenge Realty
Gurcharanpreet Kaur - MaxWell Polaris
Gabriela Humeniuk - MaxWell Polaris
Jeffrey Giem- MaxWell Canyon creek
Vanessa Swancar - MaxWell Elite Realty
Mike Reiter - MaxWell Excel Realty
Sona Verma - MaxWell Polaris
Melanie Brady - MaxWell Polaris
Krista Galenzoski (WELCOME BACK) - MaxWell Challenge Realty
Yogin…

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City of Calgary, Oct. 1, 2021 – Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month.

“While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers who were unable to transact earlier in the year when supply levels had not yet adjusted to demand,” said CREB® chief economist Ann-Marie Lurie. “The market continues to favour the seller, but conditions are not as tight as they were earlier this year.”

Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is…

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Kathryn Beaumont - MaxWell Polaris
Sagar Thind - MaxWell Polaris
Shannon Viens - MaxWell Devonshire Realty (Sherwood Park)
Tejinder Khosa - MaxWell Progressive
Alison Dunning - MaxWell NetWork
Jennifer Ellard - MaxWell NetWork
Jordan Koch - MaxWell NetWork
Michael Gross - MaxWell NetWork
Colby Genoway - MaxWell Capital Realty (Canmore)
Krunal Solanki - MaxWell Capital Realty (Crowfoot)
Kuro Mendi - MaxWell Capital Realty

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