Calgary Real Estate Market Update - November 2024

In this month’s Calgary Real Estate Market Update, we dive into the latest trends and insights shaping our housing market as we head into November 2024. We’re seeing some fascinating shifts—while some areas are red-hot, others are cooling, leading to a more balanced market overall. We break down what 2.8 months of inventory means for buyers and sellers, how recent listing and sales numbers are influencing prices, and what impact interprovincial migration continues to have on Calgary’s real estate scene. We also touch on the consumer confidence boost we’re experiencing, thanks to potential interest rate drops, and discuss the concerning low rate of single-family home starts in Ontario and British Columbia compared to Alberta, which could impact future supply. If you’re considering a move, investing, or just want to stay informed on Calgary’s housing market, this update is packed with valuable insights to help you navigate these changing times.