What’s Driving Calgary’s Apartment Market This Month?

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Is Calgary’s Apartment Market Heading for a Crash? 🏢📉

The Calgary apartment market is experiencing some big shifts this November. While sales are slowing compared to last year’s record highs, they’re still 47% above long-term trends. Meanwhile, rising new listings are causing inventory to increase, pushing the months of supply above three for the first time in months. So, what does this mean for prices and buyers? Let’s break it all down!

✨ Key Highlights:
• 📈 Sales: 429 sales in November—still strong but easing from last year’s highs.
• 🏠 Inventory: 1,482 units available, the only property type above long-term trends.
• 💰 Benchmark Price: $337,800—down from last month but still 9% higher than last year.
• 🏢 Price Range Activity: Most inventory gains are in the $300K-$500K range, taking pressure off lower-priced units.

With supply improving and prices stabilizing, is Calgary’s apartment market becoming more balanced, or are we seeing signs of a crash? Watch the full breakdown to understand what’s happening in Calgary real estate this winter.

#CalgaryRealEstate #ApartmentMarket #CalgaryApartments #MarketUpdate #YYCRealEstate #CalgaryHomePrices #CalgaryHousingTrends #AdamFyfeRealEstate #YYCHousingMarket

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