Calgary market to fall short-term says Conference Board

The downturn in Calgary’s housing market due to the oil slump will continue in the short-term according to a new report. The Conference Board of Canada’s Metro Resale Snapshot shows a 35.9 per cent year-over-year drop in MLS sales (annual seasonally-adjusted rate) to 23,400 units with listings down 12.9 per cent and average prices down 4.3 per cent to $446,848.

Senior economist Robin Wiebe’s assessment is that the resale market is balanced with a ratio of sales to new listings of 0.534. Sales in October were up 2.1 per cent with prices down 0.3 per cent compared with the previous month.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?