CALGARY REGIONAL HOUSING MARKET STATISTICS

10.13

PRICE GAINS ENCOURAGE NEW LISTINGS GROWTH

Fourth consecutive month of year-over-year new listings growth
Calgary, Nov. 1, 2013 Residential sales activity totaled 1,953

units in October, an 18 per cent rise over 2012 and pushing yearto-date volume increases to just over 10 per cent.
However, on a year-to-date basis, city wide sales remain far
below transactions levels recorded throughout 2005 2007.
Some people have noticed that properties are selling quicker,
and at times above list, said Becky Walters, CREB president.
But, in spite of very positive signs, we are not seeing a repeat
of 2006.
Year-to-date, the average residential home was on the market
for 37 days before selling. Thats 16 per cent less time than last
year, but much longer than the 20 days recorded in 2006. In
addition, the citywide sales price-to-list price ratio has
increased, but is lower than the levels recorded seven years ago.
New listings within the city of Calgary totaled 2,522 units in
October, a 9 per cent increase over the previous year.
While the rise in new listings was not large enough to result in
inventory growth, it is the fourth consecutive month of yearover-year gains.
Price growth and tighter market conditions have encouraged
some of the recent rise in new listings, said Ann-Marie Lurie,
chief economist. This is a trend worth noting as the rise is
easing some of the tightness in the market. Despite some
movement, sellers market conditions persist.
A total of 14,340 single-family homes sold after the first 10
months of the year, a 7 per cent increase over the previous year.
Sales growth has exceeded expectations mostly due to the
recent rise in new listings, which was limiting growth potential in
the first half of the year.

Year-to-date, 3,482 condominium apartments and 2,774 condo

townhouses were sold. While condominiums remain a smaller
segment of the market, year-to-date sales are 18 per cent higher
than last year.
Unadjusted benchmark prices in the city of Calgary increased in
October relative to both September of this year and October
2012. Single-family prices benchmarked at $468,000, while the
benchmark price for condominium apartment and townhouse
were a respective $276,100 and $302,200 in October.
Apartment-style condominium prices have been increasing at a
faster pace than single-family home prices. However, unadjusted
condominium prices remain 7 per cent below peak levels, while
single-family prices have risen above previous highs.
Single-family and condominium townhouse prices recorded
year-over-year increases of eight per cent, while condominium
apartment prices increased by 11 per cent.
Employment growth, strong net migration, lack of rental
product and low mortgage rate has contributed to the rise in
housing demand over the past two years, said Lurie.
Meanwhile, supply levels have not kept pace, causing prices to
push up.
While upward price pressure is expected to persist in the near
term, she said, it is unlikely we will face the same spike seen in
2006. Thats because economic conditions are quite different
today than they were in that time period.

CITY OF CALGARY YEAR-TO-DATE SALES

25000
20000
15000
10000
5000
0

SF Sales

Apartment Sales

CREB Calgary Regional Housing Market Statistics

TH Sales

10 Year Average

Source: CREB

page 1 d

CREB - SUMMARY STATS

CREB TOTAL RESIDENTIAL

Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CITY OF CALGARY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB TOWNS
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CRES
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Median Price

Oct-12

Oct-13

Y/Y %

2,151
$928,363,527
3,134
7,798
0.69
97.06%
54
$431,596
$381,900
180

2,548
$1,154,396,283
3,453
6,944
0.74
97.63%
46
$453,060
$413,100
195

18.46%
24.35%
10.18%
-10.95%
7.51%
0.57%
-14.48%
4.97%
8.17%
8.17%

1,659
$725,032,079
2,312
4,583
0.72
97.17%
46
$437,030
$387,700
181

1,953
$896,185,726
2,522
3,841
0.77
97.77%
40
$458,876
$421,400
197

313
$107,698,708
459
1,479
0.68
97.16%
73
$344,085
$329,800
174
80
$56,215,850
159
973
0.50
95.86%
129
$702,698
$627,500

Oct-12

Oct-13

2013 YTD

Y/Y %

23,973
$10,213,440,778
40,527
N/A
0.59
97.18%
53
$426,039

26,821
$12,071,210,488
40,821
N/A
0.66
97.61%
43
$450,066

11.88%
18.19%
0.73%

17.72%
23.61%
9.08%
-16.19%
7.92%
0.60%
-12.96%
5.00%
8.69%
8.68%

18,665
$7,984,118,219
29,333
N/A
0.64
97.36%
44
$427,759

20,596
$9,407,848,258
29,358
N/A
0.70
97.78%
37
$456,780

382
$145,293,813
512
1,390
0.75
97.51%
59
$380,350
$345,400
182

22.04%
34.91%
11.55%
-6.02%
9.41%
0.35%
-18.61%
10.54%
4.73%
4.73%

3,524
$1,232,722,587
6,301
N/A
0.56
97.23%
77
$349,808

3,922
$1,440,768,687
6,209
N/A
0.63
97.64%
67
$367,356

82
$68,638,406
186
1,007
0.44
96.26%
111
$837,054
$715,000

2.50%
22.10%
16.98%
3.49%
-12.38%
0.40%
-14.60%
19.12%
13.94%

784
$619,887,256
2,459
N/A
0.32
95.02%
107
$790,673

828
$668,849,626
2,454
N/A
0.34
95.23%
101
$807,789

2012 YTD

11.07%
0.43%
-18.87%
5.64%

10.35%
17.83%
0.09%
10.25%
0.42%
-15.91%
6.78%

11.29%
16.88%
-1.46%
12.94%
0.41%
-12.99%
5.02%

5.61%
7.90%
-0.20%
5.83%
0.21%
-5.61%
2.16%

For a list of definitions, see page 20.

CREB Calgary Regional Housing Market Statistics

page 2

CREB SUMMARY STATISTICS CITY OF CALGARY

SINGLE FAMILY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO APARTMENT
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO TOWNHOUSE
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index

Oct-12

Oct-13

Y/Y %

1,169
$576,050,909
1,615
3,105
0.72
97.22%
43
$492,772
$433,300
184

1,336
$689,702,573
1,739
2,705
0.77
97.78%
38
$516,244
$468,000
199

14.29%
19.73%
7.68%
-12.88%
6.14%
0.55%
-10.79%
4.76%
8.01%
7.99%

271
$78,541,161
416
973
0.65
96.45%
55
$289,820
$247,000
173

337
$104,272,803
450
692
0.75
97.42%
43
$309,415
$276,100
193

219
$70,440,009
281
505
0.78
97.49%
50
$321,644
$279,000
174

280
$102,210,350
333
444
0.84
98.07%
44
$365,037
$302,200
189

CREB Calgary Regional Housing Market Statistics

Oct-12

Oct-13

2013 YTD

Y/Y %

13,355
$6,408,562,104
20,606
N/A
0.65
97.43%
41
$479,862

14,340
$7,421,642,226
20,687
N/A
0.69
97.84%
35
$517,548

7.38%
15.81%
0.39%

24.35%
32.76%
8.17%
-28.88%
14.96%
0.97%
-21.23%
6.76%
11.78%
11.77%

3,030
$852,155,452
5,282
N/A
0.57
96.82%
52
$281,239

3,482
$1,041,362,109
5,030
N/A
0.69
97.30%
42
$299,070

27.85%
45.10%
18.51%
-12.08%
7.89%
0.58%
-13.21%
13.49%
8.32%
8.32%

2,280
$723,400,663
3,445
N/A
0.66
97.39%
48
$317,281

2,774
$944,843,923
3,641
N/A
0.76
97.89%
37
$340,607

2012 YTD

6.96%
0.40%
-14.63%
7.85%

14.92%
22.20%
-4.77%
20.67%
0.48%
-19.23%
6.34%

21.67%
30.61%
5.69%
15.12%
0.50%
-22.92%
7.35%

page 3

MLS HPI SUMMARY

October 2013
Benchmark Price
Index (HPI)

Sep-13

Apr-13

% Changes
Oct-12

Oct-10

Oct-08

CREB TOTAL RESIDENTIAL

Single Family
Townhouse
Apartment
COMPOSITE

452,100
301,400
274,900
413,100

196
190
192
195

0.8%
1.1%
1.2%
0.8%

3.0%
4.9%
5.6%
3.6%

7.3%
8.7%
11.7%
8.2%

19.1%
12.3%
13.4%
17.4%

13.9%
4.3%
8.5%
12.0%

CREB TOWNS
Single Family
Townhouse
Apartment
COMPOSITE

351,000
250,000
197,700
345,400

181
202
170
182

-0.1%
0.9%
-0.4%
-0.1%

1.2%
9.9%
3.2%
1.6%

4.3%
13.4%
4.9%
4.7%

10.8%
21.3%
8.5%
11.2%

4.6%
3.8%
-6.4%
4.1%

CREB CITY OF CALGARY

Single Family
Townhouse
Apartment
COMPOSITE

468,000
302,200
276,100
421,400

199
189
193
197

0.9%
1.0%
1.2%
0.9%

3.3%
4.6%
5.6%
3.8%

8.0%
8.3%
11.8%
8.7%

20.6%
11.7%
13.5%
18.3%

15.6%
4.3%
8.7%
13.0%

CREB Calgary Regional Housing Market Statistics

page 4

COMPARISONS

Benchmark Price - October

600,000
500,000
400,000
300,000
200,000
100,000
1 storey

2 Storey

CREB Total Residential

Total SF

CREB City of Calgary

Months of Supply - October

Townhouse

Total Composite
Source: CREB

CREB Towns

Sales Distribution - October

12.0

120%

10.0

100%

8.0

80%

6.0

60%

4.0

40%

2.0
-

Apartment

3.22%
14.40%

17.26%

13.89%

14.34%

68.68%

68.41%

5.76%
11.78%

82.46%

20%
Months of Supply SF

Months of Supply
Townhouse

CREB Total Residential

CREB Towns

Months of Supply
Apartment

0%
CREB Total
Residential

CREB City of
Calgary

CREB Towns

CREB City of Calgary

Single Family

Source: CREB

CALGARY INDEX VALUE

Townhouse

Apartment

CRES

Source: CREB

CALGARY INDEX YEAR OVER YEAR COMPARISON

15%

210

10%

200

5%

190

0%

180

-5%

170

-10%

160

-15%
-20%

150

Index Value Single Family

Index Value Tonwhouse

Index Value Apartment

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Y/Y Index Price Change

Apartment Y/Y Index Price Change
Townhouse Y/Y Price Change

Source: CREB

page 5 d

CREB CITY OF CALGARY

Jan.
1/1/2012
1,068
2,530
4,367
60
391,372
361,800
169
1/1/2013
1,229
2,493
3,084
50
439,763
392,000
183

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

T41183
Calgary Total
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-12
10/1/2012
1
97
332
233
218
216
139
101
70
55
44
54
32
17
27
9
6
2
4
2
1,659

Feb.
2/1/2012
1,732
2,883
4,736
49
425,383
365,900
171
2/1/2013
1,706
2,670
3,539
38
457,349
396,100
185

T41548
Oct-13
10/1/2013
2
66
331
274
265
240
209
155
99
74
51
60
40
30
23
13
7
2
7
5
1,953

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
2,166
3,348
5,092
42
422,354
371,400
173
3/1/2013
2,107
3,192
4,007
35
461,038
400,600
187

T2012
YTD2012
10/1/2012
19
1,049
3,840
2,798
2,604
2,274
1,606
1,134
783
611
430
573
307
180
223
97
61
23
27
18
4
2
2
18,665

Apr.
4/1/2012
2,199
3,239
5,270
41
428,912
379,200
177
4/1/2013
2,377
3,475
4,366
33
446,168
406,000
189

May
5/1/2012
2,381
3,803
5,739
40
445,034
383,200
179
5/1/2013
2,536
3,714
4,743
32
461,542
409,600
191

Jun.
6/1/2012
2,196
3,305
5,715
40
441,718
385,800
180
6/1/2013
2,309
2,999
4,584
35
466,986
412,000
192

Jul.
7/1/2012
1,932
2,650
5,430
43
425,927
387,300
181
7/1/2013
2,265
2,724
4,092
39
460,232
414,100
193

Aug.
8/1/2012
1,722
2,583
5,184
45
417,051
387,700
181
8/1/2013
2,193
2,773
3,898
38
453,953
417,300
195

Sept.
9/1/2012
1,610
2,680
5,098
45
419,657
388,000
181
9/1/2013
1,921
2,796
3,922
36
454,098
417,600
195

Oct.
10/1/2012
1,659
2,312
4,583
46
437,030
387,700
181
10/1/2013
1,953
2,522
3,841
40
458,876
421,400
197

Nov.
11/1/2012
1,457
1,632
3,831
51
433,931
388,800
181
11/1/2013
180
180
4,103
43
621,500
NA
NA

Dec.
12/1/2012
1,082
880
2,722
54
436,899
390,100
182
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
21,204
31,845
45
428,649

10/1/2013
20,596
29,358
37
456,780

T2013
YTD2013
10/1/2013
17
833
3,751
2,712
2,895
2,543
1,956
1,430
1,041
776
547
782
438
235
288
142
75
46
48
25
3
5
8
20,596

CALGARY YTD SALES BY PRICE RANGE

YTD OCTOBER

35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 6 d

CITY OF CALGARY

CALGARY YTD TOTAL SALES

CALGARY YTD TOTAL NEW LISTINGS

YTD-OCTOBER

25,000

YTD-OCTOBER

45,000
40,000

20,000

35,000
30,000

15,000

25,000
20,000

10,000

15,000

5,000

10,000

5,000

SF Sales
TH Sales

Apartment Sales
10 Year Average

SF New Listings
TH New Listings

Source: CREB

CALGARY MONTHS OF INVENTORY

CALGARY INVENTORY AND SALES

5,000

450,000

4,500

400,000

4,000

350,000

300,000

3,500
3,000
2,500
2,000
1,500
1,000
500
-

Inventory

Sales

Benchmark Price

Apartment New Listings

10 Year Average
Source: CREB

250,000

200,000

150,000

100,000

50,000

Months of Supply 3 month MA

Source: CREB

CALGARY PRICE CHANGE COMPARISON

BALANCED

Source: CREB

CALGARY PRICES
480,000

15%

460,000

10%

440,000

5%

420,000

0%

400,000

-5%

380,000

-10%

360,000

-15%

340,000

-20%

320,000

Average Price Y/Y% Change

Index Y/Y% Change

Y/Y Median Price Change

Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price
Benchmark Price

Median Price

Source: CREB

page 7 d

CREB CITY OF CALGARY SINGLE FAMILY

Jan.
1/1/2012
763
1,714
2,918
59
440,478
400,800
170
1/1/2013
878
1,734
2,075
47
496,821
436,900
185

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

SF41183
Calgary SF
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-12
10/1/2012
13
123
155
178
182
124
90
66
53
42
50
30
16
27
8
5
2
4
1
1,169

Feb.
2/1/2012
1,281
1,999
3,093
48
470,033
404,800
172
2/1/2013
1,207
1,874
2,408
37
518,480
442,500
188

SF41548
Oct-13
10/1/2013
1
2
87
155
204
199
175
142
91
67
43
55
36
29
20
12
6
1
7
4
1,336

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
1,575
2,346
3,367
40
472,698
411,000
174
3/1/2013
1,479
2,234
2,727
33
518,468
446,500
190

SF2012
YTD2012
10/1/2012
2
111
1,486
2,020
2,164
1,971
1,430
1,038
725
567
409
538
293
172
210
93
55
22
26
16
3
2
2
13,355

Apr.
4/1/2012
1,580
2,284
3,501
38
483,045
422,000
179
4/1/2013
1,607
2,407
2,977
31
510,639
452,900
192

May
5/1/2012
1,707
2,706
3,842
37
501,684
427,500
181
5/1/2013
1,760
2,657
3,311
31
521,929
456,900
194

Jun.
6/1/2012
1,605
2,366
3,817
36
489,528
430,800
183
6/1/2013
1,634
2,147
3,199
34
527,579
459,700
195

Jul.
7/1/2012
1,382
1,879
3,646
40
478,557
432,400
184
7/1/2013
1,573
1,956
2,917
37
524,976
461,600
196

Aug.
8/1/2012
1,167
1,810
3,535
43
475,679
432,600
184
8/1/2013
1,514
1,964
2,791
37
517,651
464,700
197

Sept.
9/1/2012
1,126
1,887
3,486
42
468,964
432,900
184
9/1/2013
1,352
1,975
2,789
37
512,089
463,700
197

Oct.
10/1/2012
1,169
1,615
3,105
43
492,772
433,300
184
10/1/2013
1,336
1,739
2,705
38
516,244
468,000
199

Nov.
11/1/2012
1,006
1,157
2,586
49
488,307
433,600
184
11/1/2013
150
120
2,909
47
669,400
NA
NA

Dec.
12/1/2012
744
620
1,859
51
496,809
434,800
185
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
15,105
22,383
42
481,259

10/1/2013
14,340
20,687
35
517,548

SF2013
YTD2013
10/1/2013
3
43
1,020
1,649
2,285
2,185
1,737
1,299
946
708
505
741
420
221
253
132
71
41
45
20
3
5
8
14,340

CALGARY YTD SINGLE FAMILY SALES BY PRICE RANGE

YTD OCTOBER

40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 8 d

CITY OF CALGARY SINGLE FAMILY

CALGARY YTD SINGLE FAMILY NEW LISTINGS

CALGARY YTD SINGLE FAMILY SALES

YTD-OCTOBER

18,000
16,000

YTD-OCTOBER

35,000
30,000

14,000

25,000

12,000
10,000

20,000

8,000

15,000

6,000

10,000

4,000

5,000

2,000

SF Sales

10 Year Average

3,000

500,000

450,000

400,000
350,000

2,000

300,000

1,500

200,000

1,000

150,000

100,000

250,000

SF Inventory

SF Sales

SF Benchmark Price

Source: CREB

2,500

500

10 Year Average

CALGARY SINGLE FAMILY MONTHS OF INVENTORY

CALGARY SINGLE FAMILY INVENTORY AND SALES

3,500

SF New Listings

Source: CREB

6
5
4

50,000

BALANCED

SF Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY SINGLE FAMILY PRICES

CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON

550,000

15%

530,000
510,000

10%

490,000

5%

470,000
450,000

0%

430,000
-5%

410,000
390,000

-10%

370,000

-15%

350,000

SF Average Price Y/Y% Change

Index Y/Y% Change

SF Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Average Price
SF Benchmark Price

SF Median Price

Source: CREB

page 9 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

Jan.
1/1/2012
126
312
520
61
297,918
270,300
169
1/1/2013
147
308
369
52
320,590
283,400
177

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TH41183
Calgary Townhouse
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-12
10/1/2012
25
90
36
21
22
9
7
2
1
3
2
1
219

Feb.
2/1/2012
205
375
612
51
310,047
270,500
169
2/1/2013
220
343
427
38
337,071
283,000
177

TH41548
Oct-13
10/1/2013
1
15
98
62
27
21
21
9
5
6
6
2
2
1
2
1
1
280

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
235
358
606
49
313,134
274,600
172
3/1/2013
282
398
484
39
355,757
286,800
179

TH2012
YTD2012
10/1/2012
266
986
389
210
151
103
59
34
24
10
22
11
5
7
3
2280

Apr.
4/1/2012
268
360
612
49
320,607
276,400
173
4/1/2013
341
453
518
36
337,119
288,900
181

May
5/1/2012
288
454
675
38
330,413
277,000
173
5/1/2013
365
423
503
33
340,889
292,100
183

Jun.
6/1/2012
252
395
693
45
324,823
278,000
174
6/1/2013
317
361
489
39
341,518
295,000
184

Jul.
7/1/2012
239
304
623
45
303,380
277,400
173
7/1/2013
295
302
407
38
327,570
294,500
184

Aug.
8/1/2012
240
309
584
50
309,309
278,200
174
8/1/2013
282
359
417
34
331,793
298,500
187

Sept.
9/1/2012
208
297
548
51
329,797
277,700
174
9/1/2013
245
361
450
31
339,534
299,100
187

Oct.
10/1/2012
219
281
505
50
321,644
279,000
174
10/1/2013
280
333
444
44
365,037
302,200
189

Nov.
11/1/2012
198
189
426
50
315,381
282,800
177
11/1/2013
60
472
NA
NA
NA
NA

Dec.
12/1/2012
120
117
310
51
306,258
284,100
178
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
2,598
3,751
48
316,627

10/1/2013
2,774
3,641
37
340,607

TH2013
YTD2013
10/1/2013
3
225
1,100
543
311
199
119
67
58
50
27
21
12
9
21
5
1
1
1
1
2774

CALGARY YTD TOWNHOUSE SALES BY PRICE RANGE

YTD OCTOBER

50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 10 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

CALGARY YTD TOWNHOUSE NEW LISTINGS

CALGARY YTD TOWNHOUSE SALES

YTD-OCTOBER

3,500
3,000

YTD-OCTOBER

6000
5000

2,500

4000

2,000

3000

1,500
2000

1,000
500

1000

Townhouse Sales

10 Year Average

Townhouse New Listings

Source: CREB

CALGARY TOWNHOUSE INVENTORY AND SALES

350,000

500

300,000

250,000

300
200

150,000

50,000
-

TH Inventory

TH Sales

TH Benchmark Price

7
6

200,000

100,000

100

Source: CREB

CALGARY TOWNHOUSE MONTHS OF INVENTORY

600

400

10 Year Average

BALANCED

3
2
1
-

TH Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY TOWNHOUSE PRICES

CALGARY TOWNHOUSE PRICE CHANGE COMPARISON

380,000

20%

360,000

15%

340,000

10%
5%

320,000

0%

300,000

-5%

280,000

-10%

260,000

-15%

240,000

-20%

220,000

TH Average Price Y/Y % Change

Index Y/Y% Change

TH Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

TH Average Price
TH Benchmark Price

Median Price

Source: CREB

page 11 d

CITY OF CALGARY CONDOMINIUM APARTMENTS

Jan.
1/1/2012
179
504
929
64
247,837
233,800
163
1/1/2013
204
451
640
62
280,067
251,300
176

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

A41183
Calgary Apartment
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-12
10/1/2012
1
59
119
42
19
12
6
4
2
1
2
1
1
1
1
271

Feb.
2/1/2012
246
509
1,031
51
288,991
238,700
167
2/1/2013
279
453
704
45
287,733
252,900
177

A41548
Oct-13
10/1/2013
49
146
57
34
20
13
4
3
1
2
3
2
1
1
1
337

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
356
644
1,119
48
271,724
243,000
170
3/1/2013
346
560
796
41
301,358
257,700
180

A2012
YTD2012
10/1/2012
17
672
1,368
389
230
152
73
37
24
20
11
13
3
3
6
1
6
1
1
2
1
3,030

Apr.
4/1/2012
351
595
1,157
50
267,931
243,400
170
4/1/2013
429
615
871
41
291,345
261,300
183

May
5/1/2012
386
643
1,222
50
280,030
245,400
171
5/1/2013
411
634
929
35
310,096
263,600
184

Jun.
6/1/2012
339
544
1,205
55
302,258
246,300
172
6/1/2013
358
491
896
38
301,523
264,000
184

Jul.
7/1/2012
311
467
1,161
55
286,231
247,600
173
7/1/2013
397
466
768
50
302,278
267,600
187

Aug.
8/1/2012
315
464
1,065
52
281,941
248,700
174
8/1/2013
397
450
690
43
297,807
270,600
189

Sept.
9/1/2012
276
496
1,064
54
286,217
249,300
174
9/1/2013
324
460
683
39
298,743
272,900
191

Oct.
10/1/2012
271
416
973
55
289,820
247,000
173
10/1/2013
337
450
692
43
309,415
276,100
193

Nov.
11/1/2012
253
286
819
58
310,496
248,000
173
11/1/2013
30
722
22
382,000
NA
NA

Dec.
12/1/2012
218
143
553
67
304,349
248,700
174
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
3,501
5,711
54
284,793

10/1/2013
3,482
5,030
42
299,070

A2013
YTD2013
10/1/2013
11
565
1,631
520
299
159
100
64
37
18
15
20
6
5
14
5
3
4
2
4
3,482

CALGARY YTD APARTMENT SALES BY PRICE RANGE

YTD OCTOBER

60%
50%
40%
30%
20%
10%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 12 d

CITY OF CALGARY CONDOMINIUM APARTMENTS

CALGARY YTD APARTMENT NEW LISTINGS

CALGARY YTD APARTMENT SALES

YTD-OCTOBER

4,500
4,000

YTD-OCTOBER

9,000
8,000

3,500

7,000

3,000

6,000

2,500

5,000

2,000

4,000

1,500

3,000

1,000

2,000

500

1,000

Apartment Sales

10 Year Average

Apartment New Listings

Source: CREB

10 Year Average

Source: CREB

CALGARY APARTMENT MONTHS OF INVENTORY

CALGARY APARTMENT INVENTORY AND SALES

1,200

300,000

1,000

250,000

800

200,000

600

150,000

10
9

100,000

400

50,000

200

Apartment Inventory
Apartment Benchmark Price

8
7
6
5
4

BALANCED

3
2
1
-

Apartment Sales
Source: CREB

CALGARY APARTMENT PRICE CHANGE COMPARISON

Apartment Months of Supply 3 month MA

Source: CREB

CALGARY APARTMENT PRICES

25%

320000

20%
15%

300000

10%

280000

5%

260000

0%
-5%

240000

-10%
-15%

220000

-20%

200000

Apartment Average Price Y/Y% Change

Median Price Change
Index Y/Y% Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

Apartment Average Price

Benchmark Price

Median Price

Source: CREB

page 13 d

CREB TOWNS
Jan.
1/1/2012
187
632
2,129
97
351,133
310,000
163
1/1/2013
245
542
1,218
82
349,213
329,200
173

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TO41183
CREB Towns
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-12
10/1/2012
5
33
76
70
50
26
21
11
7
4
3
5
1
1
313

Feb.
2/1/2012
304
602
1,761
78
326,883
312,100
164
2/1/2013
256
559
1,381
69
338,531
332,500
175

TO41548
Oct-13
10/1/2013
1
41
71
57
86
43
24
16
15
5
7
8
3
2
2
1
382

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
372
785
1,954
69
348,474
313,700
165
3/1/2013
364
659
1,533
55
364,728
336,100
177

TO2012
YTD2012
10/1/2012
71
370
846
683
533
428
224
127
78
53
29
26
18
12
15
6
2
2
1
3,524

Apr.
4/1/2012
384
738
2,061
73
355,614
319,200
168
4/1/2013
431
765
1,705
66
365,877
339,900
179

May
5/1/2012
436
751
2,116
75
372,909
321,400
169
5/1/2013
486
773
1,767
64
367,698
343,900
181

Jun.
6/1/2012
476
678
2,001
71
352,522
325,400
171
6/1/2013
470
587
1,606
62
370,550
346,200
182

July.
7/1/2012
407
587
1,922
75
348,561
326,000
172
7/1/2013
480
671
1,570
60
374,672
346,400
182

Aug.
8/1/2012
324
571
1,817
74
341,517
327,500
172
8/1/2013
431
590
1,517
57
364,998
348,100
183

Sept.
9/1/2012
321
498
1,637
70
345,473
327,900
173
9/1/2013
377
551
1,443
58
378,736
345,800
182

Oct.
10/1/2012
313
459
1,479
73
344,085
329,800
174
10/1/2013
382
512
1,390
59
380,350
345,400
182

Nov.
11/1/2012
270
359
1,340
69
339,079
329,400
173
11/1/2013
1,786
NA
NA
NA
NA

Dec.
12/1/2012
174
219
1,134
88
338,634
327,000
172
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
3,968
6,879
78
348,588

10/1/2013
3,922
6,209
67
367,356

TO2013
YTD2013
10/1/2013
44
382
856
620
665
507
338
178
108
74
43
43
21
15
14
4
5
5
3,922

CREB TOWNS YTD SALES BY PRICE RANGE

YTD OCTOBER

40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2011

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 14 d

CREB TOWNS

CREB TOWNS YTD TOTAL SALES

CREB TOWNS YTD TOTAL NEW LISTINGS

4,500

9,000

4,000

8,000

3,500

7,000

3,000

6,000

2,500

5,000

2,000

4,000

1,500

3,000

1,000

2,000
1,000

500

SF Sales
TH Sales

Apartment Sales
10 Year Average

1,800
1,600

400,000

16

350,000

14

300,000

12

1,200

250,000

10

1,000

200,000

150,000

100,000

50,000

1,400

800
600
400
200
-

Inventory

Sales

Benchmark Price

Apartment New Listings

Source: CREB
10 Year Average

CREB TOWNS MONTHS OF INVENTORY

CREB TOWNS INVENTORY AND SALES

2,000

SF New Listings
TH New Listings

Source: CREB

BALANCED

Months of Supply 3 month MA

Source: CREB

CREB TOWNS PRICE CHANGE COMPARISON

Source: CREB

CREB TOWNS PRICES

15%

390,000

10%

370,000
350,000

5%

330,000

0%

310,000

-5%

290,000

-10%

270,000

-15%

250,000

Average Price Y/Y% Change

Index Y/Y% Change

Median Price Change

Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price

Median Price

Benchmark Price
Source: CREB

page 15 d

CREB COUNTRY RESIDENTIAL

Jan.
1/1/2012
39
216
760
127
696,615
1/1/2013
34
239
741
155
901,203

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price

C41183
CRES
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-12
10/1/2012
1
3
5
4
5
10
6
2
5
5
9
8
7
4
4
1
1
80

Feb.
2/1/2012
66
221
837
94
835,637
2/1/2013
72
209
761
104
831,221

C41548
Oct-13
10/1/2013
1
3
1
1
4
6
3
5
6
9
10
9
8
3
6
3
1
2
1
82

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
76
309
962
91
821,303
3/1/2013
72
258
897
107
774,036

C2012
YTD2012
10/1/2012
4
16
36
39
38
37
45
37
38
44
55
97
79
53
74
29
26
11
17
4
3
1
1
784

Apr.
4/1/2012
90
257
1,044
93
806,827
4/1/2013
84
290
1,001
105
830,942

May
5/1/2012
97
349
1,190
98
824,182
5/1/2013
104
334
1,123
91
762,134

Jun.
6/1/2012
96
290
1,221
114
766,068
6/1/2013
99
270
1,138
87
814,436

Jul.
7/1/2012
85
218
1,198
100
729,587
7/1/2013
90
237
1,132
96
811,453

Aug.
8/1/2012
86
197
1,138
113
835,283
8/1/2013
95
222
1,157
105
754,478

Sept.
9/1/2012
69
243
1,104
124
854,791
9/1/2013
96
209
1,034
98
829,119

Oct.
10/1/2012
80
159
973
129
702,698
10/1/2013
82
186
1,007
111
837,054

Nov.
11/1/2012
53
107
872
125
881,333
11/1/2013
30
5,425
164
#######

Dec.
12/1/2012
36
72
674
108
714,994
12/1/2013
NA
NA
NA

YTD
12/1/2012
873
2,638
108
793,056
10/1/2013
828
2,454
101
807,789

C2013
YTD2013
10/1/2013
4
13
41
28
31
39
44
45
46
52
57
97
73
67
84
47
26
10
15
4
1
3
1
828

CRES YTD SALES BY PRICE RANGE

YTD OCTOBER

35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 16 d

CREB COUNTRY RESIDENTIAL

CRES YTD TOTAL NEW LISTINGS

CRES YTD TOTAL SALES

3000

1000
900
800
700
600
500
400
300
200
100
0

2500
2000
1500
1000
500
0

CRES Sales

10 Year Average

CRES New Listings

Source: CREB

1,400

900,000

40

1,200

800,000

35

700,000

30

600,000

800

500,000

600

400,000
300,000

400
200
-

Inventory

Sales

Median Price

Source: CREB

CRES MONTHS OF INVENTORY

CRES INVENTORY AND SALES

1,000

10 Year Average

25
20
15

200,000

10

100,000

BALANCED

Months of Supply 3 month MA

Source: CREB

CRES PRICE CHANGE COMPARISON

Source: CREB

CRES PRICES
1,200,000

60%
50%
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%

1,100,000
1,000,000
900,000
800,000
700,000
600,000
500,000
Average Price Y/Y% Change
Median Price Change
Average Price Y/Y% Change 3 month MA

CREB Calgary Regional Housing Market Statistics

Source: CREB

Average Price
Median Price

Average Price 3 month MA

Source: CREB

page 17 d

CREB TOTAL RESIDENTIAL

Jan.
1/1/2012
1,326
3,478
7,256
69
393,778
356,700
168
1/1/2013
1,588
3,462
5,713
59
431,889
385,300
182

2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

CT41183
CREB Total
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-12
10/1/2012
7
138
438
321
284
254
178
124
86
67
54
71
40
25
35
13
6
2
5
3
2,151

Feb.
2/1/2012
2,154
3,902
7,858
56
421,465
360,500
170
2/1/2013
2,128
3,635
6,366
47
453,384
389,300
184

CT41548
Oct-13
10/1/2013
5
122
443
352
373
304
247
177
121
86
69
80
53
40
26
19
12
4
9
5
1
2,548

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2012
2,698
4,746
8,650
48
422,416
365,600
172
3/1/2013
2,676
4,425
7,169
42
451,662
393,800
186

CT2012
YTD2012
10/1/2012
126
1,526
4,946
3,671
3,322
2,859
1,926
1,350
934
735
532
716
417
250
321
134
91
37
44
23
7
3
3
23,973

Apr.
4/1/2012
2,787
4,562
9,115
49
429,419
373,000
176
4/1/2013
3,051
4,885
7,854
42
442,246
398,900
188

May
5/1/2012
3,041
5,230
9,864
48
444,281
376,800
178
5/1/2013
3,304
5,186
8,485
40
453,281
402,700
190

Jun.
6/1/2012
2,903
4,566
9,802
49
434,909
379,600
179
6/1/2013
3,060
4,187
8,189
42
458,006
404,800
191

Jul.
7/1/2012
2,556
3,731
9,433
52
421,747
381,100
180
7/1/2013
3,024
3,957
7,646
47
451,453
407,000
192

Aug.
8/1/2012
2,261
3,558
8,975
54
418,744
381,700
180
8/1/2013
2,895
3,850
7,550
45
445,811
409,900
193

Sept.
9/1/2012
2,096
3,620
8,650
54
419,971
381,900
180
9/1/2013
2,547
3,781
7,152
45
452,799
409,700
193

Oct.
10/1/2012
2,151
3,134
7,798
54
431,596
381,900
180
10/1/2013
2,548
3,453
6,944
46
453,060
413,100
195

Nov.
11/1/2012
1,866
2,251
6,758
57
429,197
382,600
180
11/1/2013
210
180
5,425
60
679,143
NA
NA

Dec.
12/1/2012
1,368
1,299
5,167
64
429,876
383,400
181
12/1/2013
NA
NA
NA
NA
NA

YTD
12/1/2012
27,207
44,077
53
426,449

10/1/2013
26,821
40,821
43
450,066

CT2013
YTD2013
10/1/2013
123
1,372
4,922
3,607
3,823
3,272
2,428
1,714
1,231
941
674
959
553
328
394
197
107
61
65
29
4
8
9
26,821

CREB RESIDENTIAL YTD SALES BY PRICE RANGE

YTD OCTOBER
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2011

YTD-2012

YTD-2013

Source: CREB

page 18 d

CREB TOTAL RESIDENTIAL

CREB RESIDENTIAL YTD TOTAL NEW LISTINGS

CREB RESIDENTIAL YTD TOTAL SALES

YTD-OCTOBER

35,000
30,000

50,000

25,000

40,000

20,000

30,000

15,000

YTD-OCTOBER

60,000

20,000

10,000

10,000

5,000

SF Sales
TH Sales

Apartment Sales
CRES

9,000

450,000

8,000

400,000

7,000

350,000

6,000

300,000

5,000

250,000

4,000

200,000

3,000

150,000

2,000

100,000

1,000

50,000
0

Inventory

Sales

Benchmark Price

Apartment New Listings

CRES New Listings
Source: CREB

CREB RESIDENTIAL MONTHS OF INVENTORY

CREB RESIDENTIAL INVENTORY AND SALES

SF New Listings
TH New Listings
10 Year Average

Source: CREB

12
10
8
6
4

BALANCED

2
-

Months of Supply 3 month MA

Source: CREB

CREB RESIDENTIAL PRICE CHANGE COMPARISON

Source: CREB

CREB RESIDENTIAL PRICES

480,000

15%

460,000

10%

440,000

5%

420,000

0%

400,000

-5%

380,000

-10%

360,000
340,000

-15%

320,000

-20%

300,000
Average Price Y/Y Change
Index Y/Y% Change

Median Price Change

Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price

Median Price

Benchmark Price
Source: CREB

page 19 d

DEFINITIONS
SF - Single Family

LP - List Price

TH - Condominium Townhouse

Sales $ / List $ - sales price to list price ratio

Months of Supply - Active Listings (Inventory) / sales

CRES - Country residential properties

Composite - includes single family, apartment and townhouse activity

YTD - Year to Date

Average DOM - Average Days on Market for Sold properties

3 month MA - 3 month Moving Average

SP Sales Price
Benchmark Price Price of the typical home, based on the value consumers assign to various attributes
MLS Home Price Index changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period.

HOW THESE STATISTICS ARE CALCULATED

In order to align our data with the MLS Home Price Index (HPI), we made several changes to the data that we report, as well as the
monthly statistics.
The new package provides more information and data exclusions to provide a better residential picture. All the data provided
through the monthly statistics package as of March 2012, reflect these adjustments. Please note, historical PDF packages do not
include the changes.
MONTHLY STATISTICS PACKAGE
We now provide monthly statistics for: CREB Total Residential, CREB Towns, CREB Country Residential (CRES),
City of Calgary, City of Calgary Single Family, City of Calgary Apartment, City of Calgary Townhouse.
Median prices have been removed and replaced with the benchmark price and the index.
MLS HPI Summary was added.
Several trending graphs and summary stats were added for each category
All categories exclude: vacant lots, time shares, parking stalls and mobile homes on leased land.
CITY OF CALGARY
Includes sales in Zones A, B, C, D only.
Condominium Apartment includes all Condominium title properties that are classified by type as either a low-rise or
high-rise apartment.
Condominium Townhouse includes all Condominium titled properties that are not classified as an Apartment.
Historical inventories have been adjusted to reflect the adjustments made to the data.
TOTAL MLS

Changed to CREB Total Residential

Excludes: Rural Land, Country Recreational (CREC),
The exclusions applied to the data results in roughly 400 500 less sales per year.
Historical inventories have been revised to best reflect the adjustments made to the data, while Mobile Homes, Rural Land
and CREC were removed for inventories, we could not exclude vacant lots, time shares and parking stalls from historical
inventories.

CREB Towns
Includes only areas outside of Calgary in which CREB represents the majority of membership
Areas included: Airdrie, Foothills, Kneehill, Mountain View, Rocky View, Wheatland and Willow Creek.
All historical data has been revised
ABOUT CREB
CREB is a professional body of more than 5,100 licensed brokers and registered associates, representing 245 member offices. CREB
is dedicated to enhancing the value, integrity and expertise of its REALTOR members. Our REALTORS are committed to a high
standard of professional conduct, ongoing education, and a strict Code of Ethics and standards of business practice.
For Calgary Metro, CREB statistics include only Zone A, B, C and D for properties located in Calgary. Furthermore, all historical data
has been adjusted to the most current information.
Any use or reference to CREB data and statistics must acknowledge CREB as the source. The board does not generate statistics or
analysis of any individual member or companys market share. All MLS active listings for Calgary and area may be found on the
boards website at www.creb.com.
CREB is a registered trademark of the Calgary Real Estate Board Cooperative. The trademarks MLS and Multiple Listing Service are
owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who
are members of CREA. The trademarks REALTOR and REALTORS are controlled by CREA and identify real estate professionals who
are members of CREA, and subsequently the Alberta Real Estate Association and CREB, used under licence.

CREB Calgary Regional Housing Market Statistics

page 20 d