May 2024

CALGARY Q1 2024 MARKET UPDATE

Posted on May 27, 2024 in Market Updates



City of Calgary, May 24, 2024 - Calgary’s housing market remains a hot spot in the country, driven by record-high international and interprovincial migration over the past two years. This influx has significantly increased housing demand. Employment gains and relative affordability continue to attract people to the province, resulting in strong
sale...

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CALGARY PASSES CITYWIDE RE-ZONING BYLAW WITH AMENDMENTS

Posted on May 15, 2024 in Real Estate News



Blanket rezoning has been passed with a 9-6 vote, but with some amendments to the original proposal. On Tuesday, May 14th, a record-breaking City Council meeting adjourned after 16 days leading to the long-awaited decision from Calgary's lawmakers. Rezoning has been a hot topic since it was first proposed in 2023, and as suggested by the longest ev...

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MAY 2024 DEVELOPER REPORT

Posted on May 06, 2024 in Developer Reports



Sales activity in the new infill sector remains steady as inventory levels decline and prices inch upwards.

Single-family new infills posted 51 sales during the month of April, down from 55 sales recorded last month and up from 42 sales recorded in April of last year.

Single-family new infill inventory has declined, to 118 active listings for sale, f...

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