Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city. 

Sales activity has behaved as expected through the start of 2023 and slowed by 43 per cent over last year’s all-time record-high performance in the first quarter. The steeper decline in the first quarter was expected, given the surge in sales last year, as purchasers were eager to enter the market ahead of expected rate gains.

Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the months of supply just above one month, firmly in the seller’s territory. While conditions are not as tight as last March, low inventory levels leave purchasers with limited choice, once again driving up home prices.

With Spring quickly approaching, the Calgary Sport and Social Club League (CSSC) has opened its 2023 registration!

Vintage is in this season! 

It’s time to dig up some dirt as the development of Clearwater Park residential begins in the City of Chestermere

Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest February levels seen since 2006.

What better excuse to practice some self-love than Valentine’s Day?  

Each season has its benefits when it comes to listing a home, so how can you take advantage of the chilly temperatures?

HBO’s highly anticipated video game adaptation, ‘The Last of Us’, premiered on Jan. 15, and not only was this show a hit, but it also hit close to home for Calgarians.