It’s Calgary 2023 Outlook Time!

In my first market update of the year I’ll be discussing what you can expect to see in Greater Calgary real estate market in 2023. As I have mentioned before, the month of December is not an important month for real estate- related data – it’s always a month where the market is in a state of slowdown & re-set. If, nonetheless, you just wanted to know what happened last month – and looked closely – you’d see the total homes on the market dropped from about 3,100 to start the month, all the way down in the region to about 2,200 (a new record low for that time of year). Meaning there’s not a lot out there to buy.


You’d also see the number of new properties coming to market hit a yearly low –just over 1,000 homes came to market. That’s nothing new, it’s just what happens every year.



And with that, you’ll also see it was our slowest sales month ...

Calgary - Canada's Real Estate Bright Spot
The November Real Estate Data is in, and our market is showing continued strength, security and has been nearly completely spared from the national housing price crash concerns. If you scour your favourite news sources, you’ll be sure to find articles such as this: 
Special report: five top towns for real estate investors in 2023 
Job-generating, affordable Calgary tops our annual list 
https://www.westerninvestor.com/british-columbia/special-report-five-top-towns-for-real-estate- investors-in-2023-6034230 
Alberta Housing Prices Are Predicted to Rise in 2023 as more people move to the province 
These areas are about to get pricier 
https://www.narcity.com/calgary/alberta-housing-prices-predicted-to-rise-in-2023-more-people- moving-to-province 
Beginning of the end for Canada’s housing market downturn? Calgary the exception to the rule 
https://thoughtleadership.rbc.com/beginning-; ...