Episode Details

Calgarys housing market presents a mixed scenario. Detached and semi-detached homes remain scarce, benefiting sellers, while apartment condos face oversupply, favoring buyers. City-wide, conditions are balanced with three months of inventory and a fifty-five percent sales-to-new-listings ratio. Slower migration coincides with booming apartment construction, with nearly eighteen thousand units under construction, many intended for rentals but spilling into the condo market. Detached homes, particularly those under seven hundred thousand dollars, remain in short supply, maintaining higher-end segments. February saw inventory increase to four thousand eight hundred twenty-two units, with sales dropping eleven percent from last year. Detached sales held under three months of supply. Prices inched up overall, with the benchmark at five hundred sixty thousand five hundred dollars, one percent higher than January but four percent below last year. Detached benchmarks rose one percent monthly, while semi-detached jumped two percent and apartments fell one percent. Regional areas like Airdrie, Cochrane, and Okotoks maintain a balanced market with ratios around fifty to sixty percent and under three months supply.

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