2022 on track to be a record year for sales

City of Calgary, Dec. 1, 2022 – Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average. 

The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 per cent above last year’s record high. The year-to-date sales growth has been driven by a surge in both apartment condominium and row sales.

“Easing sales have been driven mostly by declines in the detached sector of the market,” said CREB® Chief Economist Ann-Marie Lurie. “Higher lending rates are impacting purchasers buying power and limited supply choice in the lower price ranges of the detached…

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November 2022

Calgary Monthly Statistics

The Calgary Real Estate Board (CREB®) reports that mostly due to the detached sector October sales slowed to last years levels.  Even with a slowing in the market 2022 is on track to be a record year in terms of sales.

“Calgary hasn’t seen the same degree of pullback in housing sales like other parts of Canada, thanks to persistently strong demand for our higher density product,” said CREB® Chief Economist Ann-Marie Lurie. “While our city is not immune to the impact that inflation and higher rates are having, strong employment growth, positive migration flows and a stronger…

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Sales remain stronger than pre-covid level

City of Calgary, Nov. 1, 2022 – October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.

However, with 1,857 sales this month, levels are still stronger than long-term trends and activity reported prior to the pandemic. Year-to-date sales have reached 26,823 and with only two months to go, 2022 will likely post a record year in terms of sales.

“Calgary hasn’t seen the same degree of pullback in housing sales like other parts of Canada, thanks to persistently strong demand for our higher density product,” said CREB® Chief Economist Ann-Marie Lurie. “While our city is not immune to the impact that inflation and higher rates are having, strong employment growth,…

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Coming Soon in the desirable community of Mahogany - 2248 Mahogany Boulevard SE.  This is a well maintained semi-detached home full of upgrades with rear double garage.  Live across from the lake and all the amenities Westman Village has to offer.  This home will be snatched up quickly, do not miss out!

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Coming Soon to the Beltline Community - #3208, 310 12th Avenue SW.  An executive 2 bedroom + den condo on the 32nd floor of the Park Point building with stunning views of Calgary. 

No detail was overlooked when designing this unit, from cabinet faced appliances and exquisite granite countertops in the kitchen to the stunning tile and glass shower with soaker tub in the ensuite.  Don't miss out on luxury living in the heart of it all!

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16 Best Southeast Calgary Restaurants | 2023 Guide to Fine Dining & Casual Restaurants in SE Calgary

Looking for a great restaurant to eat, drink, and socialize in South Calgary or near Southeast Calgary, Alberta? Need a romantic spot for date night in SE Calgary, AB?

This article shows you the 16 best restaurants in Southeast Calgary, Alberta based on Google reviews, local reputation, and our own personal experiences dining out at restaurants in Calgary.

Southeast Calgary restaurants offer something for everyone…

Discover high-end steakhouses along Mahogany Lake, international eateries with amazing food, upbeat dinner clubs with live music, and casual pubs for game night.

 

Bow Valley Ranche Restaurant

4.7 stars (1,143…

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Coming Soon in the quiet Southeast community of Chaparral Valley - 29 Chaparral Valley Crescent, a stunning detached family home with front attached garage. 

Pride of ownership is evident throughout this meticulously maintained home.  You will not want to miss out on this opportunity!


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Demand shifting to more affordable options

City of Calgary, October 3, 2022 - Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year.  However, with 1,901 sales in September, activity is still far stronger than levels achieved prior to the pandemic and is well above long-term trends for September. Despite recent pullbacks in sales, and thanks to strong levels earlier in the year, year-to-date sales remain 15 per cent higher than last year’s levels.

“While demand is easing, especially for higher priced detached and semi-detached product, purchasers are still active in the affordable segments of the…

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