The Calgary and Area real estate market had many challenges in 2018, with major impacts due to mortgage rule changes and a continuing soft job market.  As time moves on, buyers and lenders are adapting to the new rules and there are predictions of a stronger economy in Alberta in 2019. Here are the year end numbers for 2018 with some comparisons to year end 2017 Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 2018 is 5.22 months of supply versus 2017 at 3.64 Single Family Detached

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The Calgary and Area real estate market had many challenges in 2018, with major impacts due to mortgage rule changes and a continuing soft job market.  As time moves on, buyers and lenders are adapting to the new rules and there are predictions of a stronger economy in Alberta in 2019. Here are the year end numbers for 2018 with some comparisons to year end 2017 Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 2018 is 5.22 months of supply versus 2017 at 3.64 Single Family Detached

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A reduction in the new listings coming to market has caused some shifts in the market – most notably in the Apartment Condominium absorption rate that has decreased (become better) by just over 1.5 months. Here are the key monthly numbers to consider: Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 5.5 months of supply. Single Family Detached – 5.1 months of supply Attached Homes – 6.7 months of supply. Apartment Condominiums – 5.5 months of supply. Sales to New Listings: (Ratio of under 0.6 indicates more

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A reduction in the new listings coming to market has caused some shifts in the market – most notably in the Apartment Condominium absorption rate that has decreased (become better) by just over 1.5 months. Here are the key monthly numbers to consider: Absorption Rate: (0 to 2 months of supply is a seller’s market, 2 to 3.5 months of supply is balance, and 4 or over becomes a buyer’s market) City of Calgary – 5.5 months of supply. Single Family Detached – 5.1 months of supply Attached Homes – 6.7 months of supply. Apartment Condominiums – 5.5 months of supply. Sales to New Listings: (Ratio of under 0.6 indicates more

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