The City of Calgary said much of the increased demand for and value of residential housing is being driven by increased migration.

The CREB says the benchmark price across all home types was $596,900 for September, slightly lower than the previous month but 5.5 per cent higher than September 2023.

A study done by Rates.ca is reporting half of Calgary families will have to make a least $11,000 more in order to afford an average priced home.

The Calgary Real Estate Board says August home sales dropped 19.5 per cent from last year's record levels as 2,186 properties changed hands.

The board says the benchmark price across all home types was $606,700 for July, similar to last month and nearly eight per cent higher than last year.

The Calgary Real Estate Board says June home sales fell 12.8 per cent from last year as 2,738 properties changed hands, driven by declines in lower-priced homes.

According to a report from Zoocasa, the average price of a townhome in Calgary grew 17 per cent over last year to $458,100, which is faster than anywhere else in Canada. 

Calgary’s resale housing market is gearing up for a busy spring and summer despite interest rates holding steady at five per cent.

The Calgary Real Estate Board (CREB) says February home sales were up nearly 23 per cent from last year as new listings rose.

A new market outlook predicts downtown Calgary will drop below a 30 per cent vacancy rate, fuelling optimism that better days are ahead for the energy capital of Canada.