Bank of Canada cuts for a third time in a row, to 4.25%
GDP grew 2.1% in the second quarter, but activity was soft in June and July and the labour market keeps slowing.
News & Insights
Market News – Page 11
Monthly Calgary housing market updates: benchmark prices, sales and inventory, explained by Berg Estate Team (Tom Berg, eXp Realty).
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Airdrie, Cochrane and Okotoks in August 2024: towns stay tighter than Calgary
All three towns kept sales-to-new-listings ratios between 71% and about 80%, higher than Calgary's, so supply gains there have been smaller.
Calgary housing market, August 2024: supply passes two months for the first time since 2022
Prices dipped slightly from July in every segment except condos. Condo new listings set an August record of 1,001.
Calgary’s citywide rezoning takes effect: what you can now build
R-CG covers established areas with an 11-metre height limit. R-G covers new communities. Both a secondary suite and a backyard suite are now allowed on one lot.
Airdrie, Cochrane and Okotoks in July 2024: Airdrie listings hit a July record
Airdrie prices held steady as inventory rose. Okotoks inventory is up 25% from last year but still half of normal.
Detached sales under $600,000 halve as Calgary’s entry-level supply dries up
Total detached sales fell 8%. The drop reflects a shortage of affordable listings, not weak demand.
Calgary housing market, July 2024: supply improves and prices level off
Months of supply rose to 1.8, still a sellers' market but far from the under-one-month levels of spring. Monthly price growth paused.
Bank of Canada cuts again, to 4.5%
The Bank expects residential investment to grow robustly and population growth to slow with new limits on non-permanent residents.
CREB Q2 2024 report: more listings, slower price growth ahead
Slowing migration and new supply should bring more balance, CREB says, but the most affordable homes will stay tight.
Airdrie, Cochrane and Okotoks in June 2024: condos lead price growth
In both Airdrie and Cochrane, apartments – the most affordable homes – rose fastest. Okotoks prices are nearly 9% higher year to date.
Calgary housing market, June 2024: sales dip 13% as low-end supply runs out
Over 40% of homes sold above list price. Detached supply ranged from one month in the East to just over two months in the City Centre.
Alberta again leads Canada in people moving from other provinces
Most newcomers to Alberta came from Ontario and British Columbia. Nationally, interprovincial moves slowed from a year earlier.