Media Releases

Prices remain stable compared to last year

As expected, Calgary sales activity similar to last year

Calgary, Jan. 31, 2018 – While Calgary is officially out of a long period of economic downturn, the path to recovery is expected to be bumpy.

Two sides of the story 

Sales activity for all product types improved in December and pushed monthly sales to long-term averages for the second month in a row.

November marks a rise in sales 

The November housing market was spurred by a rise in sales, particularly in the lower price ranges.

Prices remain similar to last year, but ease in October

October’s housing market conditions closely echoed previous month’s trends with easing sales, rising inventories and downward price pressure. Like last month, the monthly activity was not enough to derail gains that occurred earlier in the year.

Inventory increases and sales drop in September, but overall sales for the year remain higher than last year.

Strong gains in the first-half of 2017 has put the Calgary year-to-date sales at seven per cent above last years' levels and 11 per cent below long-term averages, but challenges remain with easing sales and rising new listings.

Yesterday, the CREB^® Charitable Foundation, CREB^®'s giving arm, donated $300,000 to three deserving local charities through its Investing in HOPE program at its 30th anniversary celebration. 

Today, the CREB^® Charitable Foundation sent out a team of 24 local Realtors to take part in a Habitat for Humanity Build Day in the northwest community of Bowness. The CREB^® Charitable Foundation donated $50,000 toward these Habitat homes in Bowness and the Alberta Real Estate Foundation (AREF) provided a $50,000 matching grant.