Local Housing Market Shifts — Page 2
Calgary's real estate market is experiencing significant changes across multiple property types, with new construction slowing while resale inventory increases. Prices are adjusting downward in several sectors, particularly detached homes and apartments, as supply pressures mount against softening demand.
Calgary detached home prices fall sharply in northeast and east areas
Northeast Calgary saw the steepest decline at 6.8%, while East Calgary dropped 5%, though West Calgary remains the priciest market.
Calgary condos become more affordable, single homes lag behind
Median condo prices flatline while single-family homes climb, bucking national affordability trends for the broader market.
Calgary detached homes drop 2.1% year-over-year
The city saw the largest price decline among major Alberta centres in May, while Fort McMurray led the province with 14.7% growth.
Calgary's housing market slides into buyers' territory
Resale prices and sales both dropped in May, with apartment condos leading the decline as inventory stays flat.
Calgary house sales drop 15.5% as market softens
Real estate activity is cooling across Alberta, with Calgary joining Edmonton and Red Deer in double-digit declines year-over-year.
Rental market heading into summer with softer price pressure
Canadian asking rents dropped 4.7% year-over-year in May, marking the 20th straight annual decline as economic headwinds persist.
Apartments see steepest price decline among Calgary housing types
Calgary apartment prices dropped 9 per cent year-over-year in May, with elevated inventory and slowing sales pushing the market down.
Rents decline in Calgary as market cools in May
Unfurnished one-bedroom suites fell 5% year-over-year, while two-bedrooms saw the steepest drops across the city.
Detached home prices drop across Calgary
Northeast and East Calgary see the steepest declines as benchmark prices fall year-over-year citywide.
Calgary real estate shifts: 77% of homes sell at or below list
Buyers gain more power as price corrections take hold. Detached homes down 2%, condos down 7% year-over-year.
Calgary housing starts plunge 60% year-over-year
New home construction fell sharply in April, with 1,257 starts marking a steep decline across all housing types.
