Calgary Real Estate Market Update November 2016

Calgary Real Estate Market Update November 2016

Inventory Levels Oct 2016

For the first time in two years the Calgary real estate market saw big increases in sales volumes across all sectors. We are looking at October 2016 vs October 2015.

Calgary - sales up 15.61% & inventory down -3.45% across the city.

Single Family Sector

Detached - sales up 18.23% & inventory down -12.19%

Semi-Detached - sales up 28.13% & inventory down -17.06%

Condo Sector

Townhouses - sales up 7.61% & inventory up 11.65%

Apartments - sales up 5.91% & inventory up 12.88%

The rise in inventory in the condo market still shows it will take longer for that sector to recover. This is expected to lag behind the single family home market heading into 2017.

This is a strong increase in the market but we will need to monitor this over the next few months. We could attribute the increase in sales to the new mortgage rules that were put into place on October 17th. We will know more soon but this is all positive at this point.

For those of you that love numbers here is the October 2016 CREB statistics package.

David Jablonski Headshot
Phone: 403-975-5915
Dated: November 2nd 2016
Views: 115
About David: Active in Calgary real estate since 2007, David has seen every type of market and knows how to help ...

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Calgary, AB