CREB^®Now has moved to a new home!

The leading candidates to replace Mayor Naheed Nenshi shared their vision for the future of real estate and housing in Calgary earlier this week at CREB^®'s Mayoral Forum.

On Sept. 14, CREB^® welcomed Calgary mayoral candidates Jyoti Gondek, Jeromy Farkas, Jeff Davison, Jan Damery, Brad Field and Grace Yan for a rousing discussion of the most pressing real estate issues facing the city.

Applications are now open for CREB^® REALTOR^® Community Foundation's Community and Transformation Grants to support local housing- and shelter-related initiatives.

Calgary's housing market is showing few signs of letting up, as sales reached 2,915 units in June – a record high for the month.

The CREB^® REALTOR^® Community Foundation has announced that non-profit real estate developer and property manager HomeSpace Society is the recipient of its 2021 Legacy Grant in support of local housing and shelter initiatives.

With 2,989 sales, housing market activity hit a new May record.

Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month.

By CREB® CEO Alan Tennant (as told to Terence Leung)


I remember being 23 years old. The year was 1981. I was a Medicine Hat banker with my new wife, Rona, and a new job in Calgary, staring down a brand-new, three-bedroom, one-bathroom bungalow. Oh, and a mortgage to pay.

We had two cars (with no garage to put them in) and no way of knowing that four years later, mortgage rates would hit a whopping 18 per cent.

We asked the question many people do now when they contemplate their first home purchase: can we afford it?

The substantial growth seen in Calgary's detached resale market this year has been driven by the mid-range segment, but big-ticket listings are also bouncing back.

Between Jan. 1 and the end of April, 350 detached homes priced at $1 million or higher have changed hands in Calgary, according to CREB^®. This represents a 289 per cent upswing from the 90 transactions that occurred over the same period a year ago.