REALTORS® serving Calgary and area

Media Releases

June sales decline amid supply challenges and rising prices

July 02, 2024

City of Calgary, July 2, 2024 — Sales in June reached 2,738, marking a 13 percent decline from last year’s record high. Although sales improved for homes priced above $700,000, it was not enough to offset the declines reported in the lower price ranges. Despite the easing in June sales, they remain over 17 percent higher than long-term trends.

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Calgary home sales remain robust despite supply shortages in lower price ranges

June 03, 2024

City of Calgary, June 3, 2024 — In a market that continues to show resilience, May saw a total of 3,092 resale home sales. While this figure is nearly one per cent below last year's record high, it is 34 per cent higher than long-term trends for the month. The pullback in sales was primarily driven by declines in lower-priced detached and semi-detached homes, where there was limited supply choice compared to last year.

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Local REALTORS® to invest $500,000 into housing and shelter initiatives

May 22, 2024

City of Calgary, May 21, 2024 – Applications are now open for CREB® REALTOR® Community Foundation’s Community and Transformation Grants to support local housing and shelter initiatives.
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Price growth persists in Calgary as seller's market prevails

May 01, 2024

City of Calgary, May 1, 2024 – Sales in April rose by seven per cent compared to last year, to 2,881 units. While the pace of growth did ease compared to earlier in the year, sales remain 37 per cent higher than long-term trends for the month. Much of the growth in sales has occurred for relatively more affordable, higher-density products.

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March reflects strong seller's market and price increases

April 01, 2024

City of Calgary, April 1, 2024 – March sales rose to 2,664 units, a 10 per cent year-over-year gain and much higher than long-term trends. While new listings did pick up over last month, the 3,172 units were still below what we typically see in March and not enough relative to sales to drive any change in the supply situation. In March, the sales-to-new listings ratio rose to 84 per cent, and the months of supply fell below one month.

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Low inventory and high demand drive price gains in February

March 01, 2024

City of Calgary, March 1, 2024 – New listings continued to rise in February, reaching 2,711 units. However, the rise in new listings supported further growth in sales, which increased by nearly 23 per cent compared to last year for a total of 2,135 units. The shift in sales and new listings kept the sales-to-new listings ratio exceptionally high at 79 per cent, ensuring inventories remained near historic lows. Low supply and higher sales caused the months of supply to fall to just over one month, nearly as tight as levels seen during the spring of last year.

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CREB® welcomes Marco De Iaco as first public director

Feb. 29, 2024

Calgary, AB – Thursday, Feb. 29, 2024 – The Calgary Real Estate Board (CREB®) is pleased to announce the appointment of Marco De Iaco, a distinguished executive and community leader, to its Board of Directors. This landmark appointment signifies a significant milestone as Marco assumes the role of the first-ever public director to join the board.

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CREB® opposes City proposal on blanket rezoning

Feb. 13, 2024

Calgary, AB – Tuesday, Feb. 13, 2024 – With a clear focus on protecting Calgary's communities and advocating for a more nuanced approach to zoning, the Calgary Real Estate Board (CREB®) has issued a statement expressing concerns over the proposed blanket rezoning initiative set forth by the City of Calgary.

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January sees strong sales fueled by boost in new listings

Feb. 01, 2024

City of Calgary, Feb. 1, 2024 – January sales rose to 1,650 units, a significant gain over last year's levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000.

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CREB® Unveils 2024 Forecast Calgary and Region Yearly Outlook Report

Jan. 23, 2024

City of Calgary, Jan. 23, 2024 – The Calgary Real Estate Board (CREB®) is pleased to announce the release of its highly anticipated 2024 Forecast Calgary and Region Yearly Outlook Report. This comprehensive report, prepared by CREB® Chief Economist Ann-Marie Lurie, offers a detailed analysis of Calgary's economic and housing market trends and surrounding areas for the upcoming year.

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