The average Calgary homeowner will see an increase in the assessed value of their property this year.

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.

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.

CREB^® has unveiled the full speaker lineup for its 2022 Forecast event on Jan. 25.

There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages. Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than average activity recorded over the past five years and 42 per cent higher than 10-year averages.

The pace of growth and level of sales have eased from the record highs seen in the second quarter, but with 6,628 sales, this was the best third quarter since 2014.

Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month.

Federal election day has come and gone. Now that the dust has settled – with the exception of a few hotly contested ridings where final votes are still being counted – we know that Justin Trudeau's Liberals will be returning to the House of Commons with another minority government.

Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight-month total of 19,516 sales is higher than annual sales figures recorded over the past six years.