Category: Uncategorized

The Bank of Canada’s rate cuts have yet to significantly lift housing markets from their slump. In August, Calgary saw a 13% increase in new listings compared to a year ago.

Property prices in Calgary are expected to increase by 3% through the remainder of 2024. Calgary is a seller’s market, which is expected to persist into the fall.

Mid-Q3 saw higher inventory levels, with more listings and easing sales across Calgary's market. Despite easing conditions, benchmark home prices remain higher yearly, showing stable growth.

Detached home prices in Okotoks have surged to ~$705K, nearing Calgary's high prices. Benchmark prices for all properties in Okotoks have risen to ~$623K, surpassing Calgary’s by $20K.

Calgary home sales in Mid-Q3 dropped nearly 20% from last year's record highs. The benchmark price for all home types was ~$602K, up 6.3% from Mid-Q3 2023.

Calgary experienced 356 transactions totaling $1.85 billion, with multifamily and commercial condos driving investment. The first half of 2024 saw a 93% increase in multiresidential investments, reaching over $525 million.

Federal land in Calgary's Currie Barracks and Edmonton's Village of Griesbach opened for development.Calgary's project includes 99 units, with 30% at 80% of median market rent.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…

Calgary’s benchmark for single-family detached homes grew 8.3% year-to-date, reaching $690,900.This price increase places Calgary sixth among Canadian cities for growth in benchmark pricing.