Calgary housing market, July 2023: a seventh straight price gain
Rising rates had little effect on sales. Detached inventory hit a July record low, and row homes sold at a 96% sales-to-new-listings ratio.
Berg Estate Team blog
News & Insights – Page 16
Calgary real estate market news, our monthly market updates and new videos from the Berg Estate Team: Tom Berg and Valery Berg, REALTORS® with eXp Realty.
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Bank of Canada raises the rate to 5% in a second straight hike
The Bank noted that new construction and real estate listings are lagging demand. It now expects a slower return to its inflation target.
Airdrie, Cochrane and Okotoks all set record prices in June 2023
All three towns reached new highs in June. In Okotoks, sales outnumbered new listings and supply hit the lowest June level on record.
Detached homes under $600,000 are getting hard to find in Calgary
The detached benchmark rose to $685,100. The biggest annual gains came in the most affordable districts, the North East and East.
Calgary housing market, June 2023: another record month for sales
Condo sales jumped 48% and set the pace. Row prices reached $400,000 and apartment prices hit a new record high.
Bank of Canada ends its pause and raises the rate to 4.75%
After two holds, the Bank judged policy was not restrictive enough. It noted that housing market activity has picked up.
Airdrie, Cochrane and Okotoks in May 2023: less than a month of supply
Sales-to-new-listings ratios of 87–90% kept supply near one month or less in all three towns, and prices rose for a fourth or fifth straight month.
Calgary condo sales jump 36% as renters and investors buy in
Higher rates and rising rents are pushing buyers toward apartments. More listings made the sales possible, but inventory is still 23% lower than a year ago.
Calgary housing market, May 2023: record sales for the month
Strong condo sales lifted May to a record. Every detached and semi-detached district set new price highs, and semi-detached prices passed $600,000.
Calgary mails 2023 property tax bills: payment due June 30
If your bill hasn't arrived by the first week of June, call 311. The penalty applies even if the bill never reached you.
Calgary REALTORS® fund local housing and shelter repairs
Non-profits that house Calgarians can apply until June 30 for grants that repair and improve existing homes and shelters.
Airdrie, Cochrane and Okotoks in April 2023: nearly every listing sells
Airdrie had its lowest April inventory since 2007, Cochrane had only 142 homes for sale and Okotoks 67, the lowest April since 2006.