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.

The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.

CREB^®’s 2023 housing market forecast for Calgary and surrounding areas is now available!

December sales eased, however, slowing sales over the second half of 2022 were not enough to offset earlier gains as sales reached a record high of 29,672 units in 2022.

Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average.

October sales eased compared to last year’s levels, mostly due to slower activity in the detached sector.

Strong sales for condominium apartment and row properties was not enough to offset declines reported for other property types. This caused city sales to ease by nearly 12 per cent compared to last year. 

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August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

CREB^®’s Q2 2022 Calgary & Region Quarterly Update Report is now available!

Home sales in July slipped by three per cent year-over-year as the market continues to experience a slowdown.

Thank you to everyone who joined us online for CREB^®’s 2022 Forecast.