February 2023

Calgary Monthly Statistics

The Calgary Real Estate Board (CREB®) shows the lowest new listing levels since late in the 1990's, seeing the largest decline for lower priced properties.
“Higher lending rates are causing many buyers to seek out lower-priced products in our market,” said CREB® Chief Economist Ann-Marie Lurie. “However, the higher rates are likely also preventing some move-up activity in the market impacting supply growth for lower-priced homes. This is causing differing conditions in the housing market based on price range.”

CREB® February 1, 2023

Click Here for more information on Calgary's Statistics

Cochrane, Airdrie and Calgary Region

Airdrie is showing that inventory levels are improving compared to the exceptionally low levels from last year. A modest monthly price gain has been supported by an inventory level that is less than a 2 month supply.

Cochrane stats show that the pressure has eased on buyers as the inventory levels have risen to a nearly 3 month supply. Even with the benchmark price lowering from last month the gains are still sitting higher than a year ago at this time.

CREB® February 1, 2023

For more information on Calgary Region's Statistics Click Here

Record Migration To Alberta

Statistics Canada reports that in the third quarter of 2022 Alberta's net gain of residents grew by 19,285 people from other parts of the country. These numbers have only been higher on one occasion and that was back in the third quarter of 1980.

With Alberta’s economy forecast to post the strongest economic growth of any province in 2023, the net inflow of residents from other parts of the country is likely to continue.

Read More Information Here

We are very proud to announce that not only did Erin make EXP Realty's 4th Quarter list for top producers in Alberta and Calgary but also made the TOP 20 list of producers in Alberta for 2022.
Thank you for all of our clients that trusted us in 2022 with the purchasing and selling of their homes.