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Market Update: January 2016

While the current market presents some challenges for sellers, it also offers opportunities on the buyer’s side. Softer prices combined with still-excellent interest rates are a great advantage for ‘move-up’ and first-time buyers!

CREB, February 1, 2016 – Calgary’s housing market is starting 2016 firmly in buyers’ market territory, much the same as last year ended.  The aggregate benchmark price of $447,300 in January was 1.21 per cent lower than the previous month and 3.27 per cent below the January 2015 price of $462,400. “As expected, the imbalance between housing supply and demand is continuing to place downward pressure on prices,” said Lurie. “However, the recent price retraction has not erased all the gains recorded in recent years, as the benchmark price remains 4.41 per cent above the January 2014 price of $428,400.”

Full report:  Housing market remains unchanged in January by CREB on February 01, 2016

Jan 2016 benchmark price

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.