The Calgary Real Estate Board (CREB) released its April 2017 Market Monthly Statistics Package today, and the numbers certainly confirm what we’ve been experiencing with our clients:

  • April continued to show signs of stability & overall optimism
  • improved labour markets and low interest rates continue
  • increased sales activity across ALL segments of the market
  • while adjustments are still occurring in the apartment condominium sector, the detached segment of the market is improving across all price segments
  • buyers market conditions remain in the apartment condo market, due to high supply levels particularly in the downtown core
  • balanced market conditions continue in the detached segment as inventory levels equal to current demand

While there continues to be improvement in market conditions and overall optimism in our marketplace, we completely agree with CREB’s Chief Economist, Ann-Marie Lurie’s comment that “economic recovery is still expected to be slow, impacting the pace and quality of job growth. Based on current expectations this should translate into a more prolonged period of recovery in the housing market.”

Here’s the complete April 2017 market report: CREB Monthly Housing Statistics – April 2017