Well, it looks like we are in for a bit of a bumpy ride! All reported Calgary Real Estate market segments are showing the effects of the economic downturn due to the fall of oil prices and the resulting layoffs. However it is important to note that in some market segments, the market is still better than in 2011. If you are selling during this market climate you will need to get the correct information from your Realtor to make good decisions. Please feel free to contact us with any questions you may have.

In this report you will notice that the Calgary Real Estate Board has changed the categories of the reported market segments. What they used to categorize as “Attached” has now been broken out into two categories; “Semi-Detached” and “Row”. Row is almost always condominium ownership or townhomes and Semi-Detached can be either but is usually fee simple ownership.

Current market conditions have created excellent buying opportunities for investors. There is more inventory to choose from and the rates are still extremely low! The City of Calgary is predicting that our population will grow to 1,342,600 by 2019 and that 85,000 of that population growth will be new residents, all of whom will need places to live!

If you are curious about the investment market or the current market value of your home, please feel free to contact us.

Download Calgary and Area Real Estate Statistics – October 2015

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.

Hope this helps!

Susanita de Diego

Current market conditions have created excellent buying opportunities for investors. There is more inventory to choose from and the rates are still extremely low!

If you are curious about the investment market or the current market value of your home, please feel free to contact us.

Download Calgary and Area Real Estate Statistics – September 2015

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.

Hope this helps!

Susanita de Diego

Although the Calgary Detached absorption rate was lower in August 2015 compared to July 2015, the absorption rate was still better than in 2011 and 2012. In addition the inventory was higher in 2011 and 2012 than in August 2015. So while we are feeling the effects of a volatile oil and gas sector, the market has not yet reached the market conditions of 2011 and 2012.

Of course every neighbourhood and price segment is unique and will have its own market pattern but the market as a whole seems to have continued to be in balanced conditions.

Download Calgary and Area Real Estate Statistics – August 2015

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.

Hope this helps!

Susanita de Diego

Judging from the data, it looks like some buyers were on holiday in July! Sales and absorption rates were slightly down in most reported markets, but so is inventory. It will be very interesting to see what happens for the month of August with a predicted further reduction in the Bank of Canada benchmark rate.

Of course every neighbourhood and price segment is unique and will have its own market pattern but the market as a whole seems to have continued to be in balanced conditions.

Download Calgary and Area Real Estate Statistics – July 2015

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.

Hope this helps!

Susanita de Diego

It’s as if the real estate market doesn’t know what is happening in the oil and gas industry. In almost every market segment the data shows better June 2015 markets than in 2011 and 2012! And just look at the City of Calgary Detached Benchmark, Average and Median prices, all of which showed slight price gains over May 2015!

Download Calgary and Area Real Estate Statistics – June 2015

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.

Hope this helps!

Susanita de Diego

The market continues to perform in mysterious ways! As you can see from the data, some market segments are performing in a more “normal” market pattern and some market segments are softening.

Download Calgary and Area Real Estate Statistics – May 2015

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.

Hope this helps!

Susanita de Diego

The data clearly shows that the buyer “fence sitters” have jumped off the fence! This is possibly because anyone who buys property during this market cycle has the good fortune of incredibly low financing rates and also because we have seen a decline in the Benchmark Prices.

Download Calgary and Area Real Estate Statistics – April 2015

However it looks like the Seller “fence sitters” have jumped back on the fence! Perhaps this is also because of the decline in the Benchmark Prices.

In most reported market segments both sales and the absorption rates are up from last month and the months of supply are lower.

If this pattern continues, balanced market conditions will soon follow.

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us.

Hope this helps!

Susanita de Diego

Hooray! The sky is NOT falling! Please note that the absorption rates for detached properties in most of the reported market areas are over 22% AND in most cases the absorption rates have increased compared to February numbers.

Download Calgary and Area Real Estate Statistics – March 2015

Because 2014 was a “Boom” sales year for Calgary Real Estate, even without the drop in the price of oil, the absorption rates in 2015 would have been lower.

The data over the last five years show that in many of the reported markets we are not far off 2011 or 2012 absorption rates.

In fact, the March absorption rates reflect a “normal” Calgary and surrounding areas market.

For all of us who are involved in the residential real estate market, we know that a portion of our population will always marry divorce, have children, downsize, move up or away or move to Alberta, so there will always be demand.

Anyone who buys property during this market cycle will have the good fortune of incredibly low financing rates making this a great time to purchase an investment property.

If you are curious about the current market value of your home, or market conditions in general, please feel free to contact us!

Hope this helps!

Susanita de Diego