Calgary's Real Estate Market Soars to New Heights! Seize the Moment for Unparalleled Investment Opportunities.

City of Calgary real estate market report

December 1, 2023

As of December 1, 2023, Calgary's real estate scene is buzzing with action! We've witnessed a staggering 40% increase in new listings compared to last year, reaching a total of 2,227 units in November alone.

Despite this significant influx of new listings, the market remains fiercely competitive. With robust sales amounting to 1,787 in November, the sales-to-new-listings ratio is holding strong at 80%. The market is thirsty for more, keeping the months of supply under two months.

Ann-Marie Lurie, CREB? Chief Economist, highlights that while new listings are on the rise, like in other major cities, Calgary still faces a tight inventory situation due to unwavering demand. This continues to tip the scales in favor of sellers, pushing prices further upward.

November saw the benchmark price hit $572,700 – that’s an 11% jump from November last year and a steady rise over the past month. This year alone, the average benchmark price has surged by over 5%.

Condominiums are stealing the spotlight! Thanks to their affordability, condo sales have shattered records, contributing to year-to-date sales of 7,487. Surpassing last year's record, 2023 is shaping up to be a landmark year. With new listings fueling this trend and inventory levels mirroring last year's, the market heavily favors sellers. November’s unadjusted benchmark price for condos reached an impressive 18% year-over-year growth!

The energy in Calgary's real estate market is electric, offering a fertile ground for investments, especially in the condominium sector. With prices on a steady climb and record-breaking sales, now is the time to dive into this dynamic market.

Why Invest in Calgary’s New Developments Today?

• Affordable Entry, High Potential: Calgary's property prices are approximately two times lower than those in Toronto, offering a more accessible entry point with great growth potential.
• Bypassing High Interest Rates: By investing in new developments now, you strategically avoid the current high-interest rate environment, with no mortgage needed until the project's completion in 2027/2028.
• Investor-Friendly Environment: Calgary's market stands out due to the absence of HST, development fees, and land transfer taxes, making it an exceptionally investor-friendly city.
• Strong Market Trends: Witness an 18% year-over-year increase in condo prices and substantial growth in various districts, signaling a robust and promising market.

Unleash Your Investment Potential in Calgary's Thriving Market

This year has been phenomenal. I've successfully guided numerous investors from Ontario and British Columbia in securing lucrative investment properties in Calgary, all managed seamlessly online. My confidence in Calgary’s market is so strong that I've personally invested in two properties.

Imagine creating substantial passive income and building generational wealth for your family, all through strategic investment in one of Canada's most dynamic real estate markets. This isn't a dream. This is a real, achievable goal; however, every goal starts with action.

Did You Miss the Early Toronto Real Estate Wave? Don't Make the Same Mistake With Calgary.

If you're eager to explore how today's Calgary market can enhance your investment portfolio and pave the way for additional wealth through passive income, let's connect. Contact me directly by submitting a contact form HERE.

Your journey towards financial growth and real estate success in Calgary begins today. I'm here to guide you every step of the way.

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