FOR IMMEDIATE RELEASE

Sellers' market conditions continue in April 

City of Calgary, May 2, 2022 –  Following an all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales, 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…

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Rupinder Grewal- MaxWell Polaris

Harjinder (Jindu) Baraich- MaxWell Challenge Realty

Deepak Jagpal- MaxWell Challenge Realty

Jasmin Miskolsczi- MaxWell Progressive

Krishna Karnatapu- MaxWell Central

Dariusz Jablonski- MaxWell Capital Realty

Dave Rogers- MaxWell Capital Realty 

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City of Calgary, March 1, 2022 –  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…

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Aseem Khimta - MaxWell Challenge Realty
Parasdeep Channa - MaxWell Polaris
Cole Grekul - MaxWell Progressive
Hollaye Garner - MaxWell Capital Realty
Marvin Juarez - MaxWell Polaris
Inderjit (Tony) Singh - MaxWell Polaris
 Joan Nelson - MaxWell Progressive (Boyle)
Brock Becker - MaxWell Progressive
Poonam Poonam - MaxWell Polaris
Kam Masuta - MaxWell Polaris
Satnam Sidhu - MaxWell Elite Realty
Doro Stach - MaxWell Devonshire Realty
Kelly Plouffe - MaxWell Challenge Realty
Shafin Devji - MaxWell Polaris
 Harpreet Kaur - MaxWell Elite Realty
Upneet Ubhi - MaxWell Central

…

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Richard Glover - MaxWell Polaris
Navi Lobana - MaxWell Polaris
Aditya Batra - MaxWell Polaris
Jun Ping (Fred) Xiang - MaxWell Polaris (WELCOME BACK)
Akhshat Sareen - MaxWell Polaris
Amar Joshi - MaxWell Elite Realty
 Jen Modry - MaxWell Challenge Realty
Levi Hooft - MaxWell Polaris
Jasman Bains - MaxWell Polaris
Omer Khan - MaxWell Challenge Realty
Adam Langenhoff - MaxWell Canyon Creek
Alex Pinnick - MaxWell Polaris
Danielle McGale - MaxWell Devonshire (Sherwood Park)
Esther Omale - MaxWell Grande Realty (WELCOME BACK)
 Amit Patel - MaxWell Polaris
Gurtej Sambi- MaxWell Polaris
Mouhamad Tarbine - MaxWell Progressive
Mark Dumesnil - MaxWell Challenge Realty

 

…

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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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