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Market Update

Market Report – February 2024

January sees strong sales fueled by boost in new listings January sales rose to 1,650 units, a significant gain over last year’s levels and long-term trends. The growth was possible thanks to a rise in new listings totalling 2,137 units in January. New listings rose for homes priced above $300,000, but the largest gains occurred for homes priced above $700,000. The rise in new listings relative to sales did little to change the low inventory situation in the city.  With 2,150 units in inventory, levels are near the January record lows set in 2006 and are nearly 49

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Market Update

Market Report – January 2024

The Calgary housing market in 2023 was characterized by strong migration and persistent low supply, contributing to robust sales and driving prices to new record highs. Despite a slight easing in sales compared to the previous year, with 27,416 transactions, levels remained significantly higher than pre-pandemic norms. Notably, there was a shift towards more affordable apartment-style condominiums. “Higher lending rates dampened housing demand this year, but thanks to strong migration levels, housing demand remained relatively strong, especially for affordable options in our market,” said CREB® Chief Economist Ann-Marie Lurie. “At the same time, supply levels were low compared

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