Media release: CREB®’s Q3 2021 Housing Report

CREB®’s Q3 2021 Housing Report released

City of Calgary, Oct. 19, 2021 – The pace of growth and level of sales have eased from the record highs seen in the second quarter, but with 6,628 sales, this was the best third quarter since 2014.

Much of the strength in demand was likely driven by the low-lending-rate environment and increased savings among those whose incomes were not impacted by COVID-19 shutdowns.

"Sales have slowed from the record pace seen earlier this year, but some of this slowdown was likely related to limited improvements on the supply side of the market," said CREB® Chief Economist Ann-Marie Lurie.

"Supply-demand balances improved for buyers compared to what we saw in the spring, but the market continued to favour the seller in the third quarter". 

The number of new listings coming onto the market has increased compared to last year. However, the quarterly decline in new listings outpaced the pullback in sales, causing supply levels to trend down in the quarter and remain lower than last year's levels.

"Persistently tight conditions have supported price gains in the market, with new record highs set in both the detached and semi-detached sectors," said Lurie.

"However, with fewer supply challenges facing the apartment sector of the market, price gains there have not been enough to erase the declines recorded over the past six years."

In Calgary, the residential benchmark price rose by one per cent compared with the previous quarter and sits over nine per cent higher than prices recorded in the third quarter of last year.

Meanwhile, many of the areas outside of Calgary city limits have seen exceptionally strong sales and supply that has not kept pace with demand. For many of these areas, lack of supply has contributed to steeper price gains than what has been seen in the city, narrowing the price gap between the two. 


Thinking of Selling Your Home?

Contact Ray Riley for a Complementary, No-obligation, Home Evaluation.


Phone(403) 270-7601

Email[email protected]

Address Ray Riley
#115 8820 Blackfoot Trail SE
Calgary, AB T2J 3J1


Homes for Sale in Calgary

3727 Properties
Page 1 of 311
$595,000
Neighbourhood: Nolan Hill
4
Beds
3F11/2
Baths
1,432
Sq.Ft.
2013
Year Built
1
Day on Site
A1259342
MLS®
Welcome to this beautiful two storey detached home in Nolan Hill. This 4 Bedroom house is built by Trico with Detached 2 Car Garage with Paved alley in the back. Only minutes away from Nolan Hill...
$460,000
Neighbourhood: Bridlewood
3
Beds
2
Baths
1,232
Sq.Ft.
1998
Year Built
1
Day on Site
A1252589
MLS®
** PRICE IMPROVEMENT** OPEN HOUSE Sat, Oct 1 from 1pm-4pm and Sun, Oct 2 from 1pm-3pm.
Don't miss out on this fully renovated 2 Story with detached large double size garage in the heart of...
$599,000
Neighbourhood: Banff Trail
5
Beds
2
Baths
1,057
Sq.Ft.
1952
Year Built
1
Day on Site
A2003912
MLS®
Fantastic investment opportunity, in a prime location, at a magnificent price. Proven revenue property, on a R-C2. 50 x 120 lot, with a sunny WEST back yard; perfect for holding or redevelopment....
$875,000
Neighbourhood: Dalhousie
4
Beds
3
Baths
1,381
Sq.Ft.
1972
Year Built
1
Day on Site
A2003299
MLS®
DREAM HOME! Welcome to your exquisitely redesigned and professionally renovated home in West Dalhousie! This 4-bedroom executive bi-level home boasts a total of over 2291sq ft on two levels with a...
$690,000
Neighbourhood: Panorama Hills
5
Beds
3F11/2
Baths
2,297
Sq.Ft.
2007
Year Built
1
Day on Site
A2004004
MLS®
Gorgeous 2 STOREY HOME in the heart of Panorama. You're walking distance to amenities and recreational delights such as playgrounds, schools, city transit and easy access to the Ring Road. The home...
$549,900
Neighbourhood: Hawkwood
3
Beds
3F11/2
Baths
1,803
Sq.Ft.
1992
Year Built
1
Day on Site
A2003215
MLS®
Your kids can walk to school from this lovingly maintained home in the popular family community of Hawkwood, on this quiet street close to neighbourhood shopping, parks & bus stops. Original owners...
$574,900
Neighbourhood: Mahogany
2
Beds
2
Baths
1,036
Sq.Ft.
2018
Year Built
1
Day on Site
A1259650
MLS®
Check this out: No Condo Fees for 6 Months - Saving you thousands of Dollars!! WESTMAN VILLAGE - Discover this beautiful 2 BEDROOM, 2 BATH CORNER UNIT with expansive Balcony and Lake views! AIR...
$239,900
Neighbourhood: Tuxedo Park
1
Beds
1
Baths
834
Sq.Ft.
2011
Year Built
1
Day on Site
A2004116
MLS®
Look no further; you cannot ask for a better location than this. Located steps away from Centre Street where the new Greenline will be coming through in the near future. This one bedroom unit plus...
$489,900
Neighbourhood: Renfrew
3
Beds
2F11/2
Baths
1,398
Sq.Ft.
2012
Year Built
1
Day on Site
A1257799
MLS®
EXCEPTIONAL VALUE! This BEAUTIFUL and well-maintained 2 and a half storey townhome with 3 beds and 2.5 baths offers unique and modern touches. Situated in the quiet community of Renfrew, this home...
$1,138,000
Neighbourhood: West Hillhurst
3
Beds
2F11/2
Baths
1,835
Sq.Ft.
2023
Year Built
1
Day on Site
A1259012
MLS®
BRAND NEW SEMI DETACHED HOMES BY MINO HOMES | PRIME WEST HILLHURST LOCATION | AMENITY RICH | COUNTLESS HIGH-END FINISHES | Currently under construction. Choose your own finishes!

Located...
$197,888
Neighbourhood: Varsity
2
Beds
2
Baths
1,002
Sq.Ft.
1979
Year Built
1
Day on Site
A1258443
MLS®
An Estate sale opportunity in an amazing location with a HUGE outdoor patio space! Put your own finishing touches on this amazing two bedroom, two bathroom, ground floor corner unit that is close to...
$529,900
Neighbourhood: Ogden
5
Beds
3F11/2
Baths
1,692
Sq.Ft.
2009
Year Built
1
Day on Site
A1259595
MLS®
GORGEOUS !!!! PROFESSIONALLY DEVELOPED BASEMENT ( BRAND NEW ) WITH A SEPARATE ENTRANCE 2 STOREY HOME IN OGDEN . This lovely two storey home features an open concept with 9' knock down ceilings and...

Post a Comment