The first quarter of 2022 saw record high sales activity, thanks to an increase in new listings. This provided some choice for buyers in comparison to the previous quarter, where sales exceeded the number of new listings.

The Canadian Real Estate Association (CREA) has named CREB^® Chair Lorna Hamm as the recipient of the Canadian REALTORS Care^® Award 2022. 

For the second month in a row, sales activity not only reached a monthly high but also hit new record highs for any given month. Gains occurred across every property type as they all hit new record highs.

According to the latest numbers from the federal government, 1.7 million people are in housing need across Canada, living in homes that are inadequate or unaffordable. Another 25,000 Canadians are chronically homeless.

Thanks to persistently strong sales, inventory levels in the city eased to 2,620 units, the lowest levels seen since 2006. This caused the months of supply to remain exceptionally low for this time of year at 1.3 months.

CREB^® has released its 2022 housing market forecast for Calgary and surrounding areas.

According to the report, housing market activity in 2022 is expected to moderate relative to record levels of activity in 2021, while remaining stronger than historical levels.

Thanks to exceptionally high sales in December, 2021 was a record year for home sales. Calgary sales reached 27,686 units this year, nearly 72 per cent higher than last year and over 44 per cent higher than the 10-year average.

Kailen Pocsai was the recipient of CREB^®’s 75th Anniversary Undergraduate Award in 2020, helping him to continue pursuing his passion for real estate and finish his degree a year early.

Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005.