3.

14

CALGARY REGIONAL HOUSING MARKET STATISTICS

CONDITIONS CONTINUE TO FAVOUR THE SELLER
New listings remain below expectations in the single family sector
Calgary, April 1, 2014 Residential sales activity improved
across all sectors in March. However, declining new listings
in the single family sector combined with further gains in
sales activity decreased single family inventory to the lowest
March level since 2006.

There are several factors contributing to the growth in

housing demand, including the inflow of people to our
province over the past two years, strong gains in
employment and tight rental conditions, says CREB chief
economist Ann-Marie Lurie. However, supply conditions
vary amongst the different property segments, impacting
the number of sales and price growth. If supply constraints
persist in the single family sector, prices are expected to
record further gains as we move into the spring market.
Single family sales at the end of the first quarter totalled
3,901 units, a 9.5 per cent increase over the same period last
year. Meanwhile, the amount of new listings declined by
nearly five per cent. As sales growth outpaced the amount
of new listings growth in the market, inventory levels
dropped to just over 2,000 units.
Persistently tight market conditions prevented any relief in
terms of price gains. The unadjusted single family
benchmark price totalled $490,600 in March, a 9.9 per cent
increase over the previous year and monthly increase of 1.6
per cent.
With tight market conditions, particularly in the single
family market, purchasers should ensure they have a clear
understanding of what they can afford and what they are
willing to pay for a home, says Bill Kirk, CREB president.
However, both sellers and buyers need to be aware that

conditions are dependent on the community and price range

that you are targeting.
Condominium apartment sales totalled 1,062 after the first
quarter. Sales growth was strongest in this sector due to the
availability of listings. New listings after the first quarter
totalled 1,722, an 18 per cent increase over the previous year.
While demand continued to outpace listing growth, keeping
market conditions relatively tight, inventory levels are similar
to the previous year.
Nearly 50 per cent of new listings in the apartment sector
are priced in the range of $200,000 - $299,999, providing
options for those looking for affordable product, says Kirk.
However, there are far fewer options for those looking to
spend less than $200,000. After the first quarter, apartment
product priced below $200,000 has dropped from over 16
per cent of the market last year to 6.4 per cent.
Condominium apartment and townhouse prices totalled a
respective $287,200 and $313,100. Condominium apartment
price recorded a year-over-year increase of 11.5 per cent and
are the highest relative to the townhouse and single family
sector. Despite strong price gains across all sectors, overall
the condominium sector continues to record price levels
below peak records.
Some easing of the supply pressure in the condominium
market is expected as new construction projects are
completed, says Lurie. However, thanks to Calgarys
strong economy, it is expected that most new supply can be
absorbed without risk of oversupply and condominium price
correction.

SINGLE FAMILY MONTHS OF SUPPLY AND PRICE GROWTH

6

70%
60%

50%

40%
30%

20%

10%
0%

-10%

-20%

Trended Months of Supply

CREB Calgary Regional Housing Market Statistics

Index y/y% Change

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

Mar-13

Mar-14

Y/Y %

2,676
$1,208,646,445
4,425
7,169
0.60
97.70%
42
$451,662
$393,800
186

3,233
$1,545,881,397
4,562
5,783
0.71
98.41%
34
$478,157
$431,100
203

20.81%
27.90%
3.10%
-19.33%
17.19%
0.72%
-18.65%
5.87%
9.47%
9.48%

2,107
2,485
$971,407,308 $1,205,020,258
3,192
3,319
4,007
3,233
0.66
0.75
97.90%
98.66%
35
28
$461,038
$484,918
$400,600
$440,500
187
205

Mar-13

Mar-14

2014 YTD

Y/Y %

6,392
$2,859,286,421
11,522
N/A
0.55
97.49%
47
$447,323

7,470
$3,520,136,477
11,529
N/A
0.65
98.25%
34
$471,236

16.86%
23.11%
0.06%

17.94%
24.05%
3.98%
-19.32%
13.43%
0.76%
-20.48%
5.18%
9.96%
9.96%

5,042
$2,292,114,396
8,355
N/A
0.60
97.67%
39
$454,604

5,775
$2,763,879,276
8,423
N/A
0.69
98.50%
31
$478,594

2013 YTD

364
$132,760,886
659
1,533
0.55
97.39%
55
$364,728
$336,100
177

494
$193,930,484
705
1,243
0.70
98.36%
49
$392,572
$356,800
188

35.71%
46.08%
6.98%
-18.92%
26.86%
0.96%
-11.12%
7.63%
6.16%
6.17%

865
$304,982,220
1,760
N/A
0.49
97.38%
83
$352,581

1,104
$428,101,220
1,799
N/A
0.61
98.18%
56
$387,773

72
$55,730,600
258
897
0.28
95.25%
107
$774,036
$746,000

99
$85,627,818
213
729
0.46
95.87%
88
$864,927
$835,000

37.50%
53.65%
-17.44%
-18.73%
66.55%
0.62%
-17.91%
11.74%
11.93%

178
$146,219,422
706
N/A
0.25
95.13%
114
$821,457

218
$182,717,118
620
N/A
0.35
95.52%
101
$838,152

16.79%
0.77%
-27.66%
5.35%

14.54%
20.58%
0.81%
13.61%
0.83%
-20.51%
5.28%

27.63%
40.37%
2.22%
24.86%
0.80%
-32.53%
9.98%

22.47%
24.96%
-12.18%
39.46%
0.39%
-11.40%
2.03%

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

Mar-13

Mar-14

Y/Y %

1,479
$766,814,000
2,234
2,727
0.66
97.99%
33
$518,468
$446,500
190

1,699
$945,326,343
2,200
2,052
0.77
98.69%
27
$556,402
$490,600
208

14.87%
23.28%
-1.52%
-24.75%
16.65%
0.69%
-17.33%
7.32%
9.88%
9.87%

346
$104,269,894
560
796
0.62
97.01%
41
$301,358
$257,700
180

445
$138,428,360
664
791
0.67
98.31%
31
$311,075
$287,200
201

282
$100,323,414
398
484
0.71
98.11%
39
$355,757
$286,800
179

341
$121,265,555
455
389
0.75
98.90%
26
$355,617
$313,100
196

CREB Calgary Regional Housing Market Statistics

Mar-13

Mar-14

2014 YTD

Y/Y %

3,564
$1,828,827,468
5,840
N/A
0.61
97.75%
37
$513,139

3,901
$2,128,547,622
5,566
N/A
0.70
98.53%
31
$545,642

9.46%
16.39%
-4.69%

28.61%
32.76%
18.57%
-0.63%
8.47%
1.30%
-22.60%
3.22%
11.45%
11.44%

829
$241,681,198
1,464
N/A
0.57
97.03%
47
$291,533

1,062
$337,562,533
1,722
N/A
0.62
98.04%
34
$317,855

20.92%
20.87%
14.32%
-19.63%
5.77%
0.79%
-32.90%
-0.04%
9.17%
9.15%

649
$221,605,730
1,051
N/A
0.62
97.73%
41
$341,457

812
$297,769,121
1,135
N/A
0.72
98.76%
29
$366,711

2013 YTD

14.84%
0.78%
-16.22%
6.33%

28.11%
39.67%
17.62%
8.91%
1.01%
-27.66%
9.03%

25.12%
34.37%
7.99%
15.86%
1.04%
-29.27%
7.40%

page 3

MLS HPI SUMMARY

March 2014
Benchmark Price
Index (HPI)

Feb-14

Sep-13

% Changes
Mar-13

Mar-11

Mar-09

CREB TOTAL RESIDENTIAL

Single Family
Townhouse
Apartment
COMPOSITE

472,800
312,100
285,900
431,100

205
196
200
203

1.6%
1.1%
1.3%
1.5%

5.4%
4.6%
5.2%
5.2%

9.2%
9.4%
11.4%
9.5%

22.2%
16.5%
18.8%
21.0%

29.1%
18.9%
23.4%
27.0%

CREB TOWNS
Single Family
Townhouse
Apartment
COMPOSITE

362,400
259,600
204,200
356,800

187
210
175
188

1.6%
1.1%
0.7%
1.6%

3.1%
4.8%
2.9%
3.2%

5.7%
15.0%
8.2%
6.2%

14.5%
23.4%
8.5%
14.7%

17.1%
20.5%
6.3%
16.8%

CREB CITY OF CALGARY

Single Family
Townhouse
Apartment
COMPOSITE

490,600
313,100
287,200
440,500

208
196
201
205

1.6%
1.1%
1.4%
1.5%

5.8%
4.7%
5.2%
5.5%

9.9%
9.2%
11.4%
10.0%

23.6%
16.2%
19.0%
22.0%

31.3%
18.9%
23.7%
28.5%

CREB Calgary Regional Housing Market Statistics

page 4

COMPARISONS

Benchmark Price - March

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 - March

Townhouse

Total Composite
Source: CREB

CREB Towns

Sales Distribution - March

4.0

120%

3.5

100%

3.0

80%

2.5
2.0

3.06%
15.65%

17.91%

13.73%

13.72%

68.11%

68.37%

7.69%
13.36%

60%

1.5

40%

1.0
0.5
-

Apartment

78.95%

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

220

15%

210

10%

200

5%

190

0%
-5%

180

-10%

170

-15%

160

-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.
1/1/2013
1,229
2,493
3,084
50
439,763
392,000
183
1/1/2014
1,438
2,394
2,524
40
462,234
429,100
200

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

T41334
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 +

Mar-13
3/1/2013
84
395
262
287
258
192
147
97
89
57
95
46
24
40
14
7
5
4
3
1
2,107

Feb.
2/1/2013
1,706
2,670
3,539
38
457,349
396,100
185
2/1/2014
1,852
2,710
2,892
30
482,811
434,100
202

T41699
Mar-14
3/1/2014
1
46
368
309
321
321
250
200
149
112
85
127
75
42
38
22
7
4
6
1
1
2,485

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2013
2,107
3,192
4,007
35
461,038
400,600
187
3/1/2014
2,485
3,319
3,233
28
484,918
440,500
205

T2013
YTD2013
3/1/2013
6
233
953
671
694
613
446
337
230
181
131
209
109
58
86
39
16
12
9
6
1
1
1
5,042

Apr.
4/1/2013
2,377
3,475
4,366
33
446,168
406,000
189
4/1/2014
210
180
3,305
13
390,071
NA
NA

May
5/1/2013
2,535
3,714
4,743
32
461,422
409,600
191
5/1/2014
NA
NA
NA
NA
NA

Jun.
6/1/2013
2,307
2,998
4,584
35
466,466
412,000
192
6/1/2014
NA
NA
NA
NA
NA

Jul.
7/1/2013
2,265
2,725
4,092
39
460,232
414,100
193
7/1/2014
NA
NA
NA
NA
NA

Aug.
8/1/2013
2,193
2,773
3,898
38
453,953
417,300
195
8/1/2014
NA
NA
NA
NA
NA

Sept.
9/1/2013
1,920
2,794
3,922
36
454,214
417,600
195
9/1/2014
NA
NA
NA
NA
NA

Oct.
10/1/2013
1,949
2,521
3,841
40
458,761
421,400
197
10/1/2014
NA
NA
NA
NA
NA

Nov.
11/1/2013
1,725
1,824
3,156
40
458,162
424,600
198
11/1/2014
NA
NA
NA
NA
NA

Dec.
12/1/2013
1,171
972
2,236
46
454,387
425,700
199
12/1/2014
NA
NA
NA
NA
NA

YTD
12/1/2013
23,484
32,151
37
456,697

3/1/2014
5,775
8,423
31
478,594

T2014
YTD2014
3/1/2014
1
123
885
733
783
725
588
484
323
241
202
260
160
81
87
44
22
14
12
3
1
2
1
5,775

CALGARY YTD SALES BY PRICE RANGE

YTD MARCH

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

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 6 d

CITY OF CALGARY

CALGARY YTD TOTAL SALES

CALGARY YTD TOTAL NEW LISTINGS

YTD-MARCH

9,000
8,000

14,000

7,000

12,000

6,000

YTD-MARCH

16,000

10,000

5,000

8,000

4,000

6,000

3,000
2,000

4,000

1,000

2,000

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

500,000

4,500

450,000

4,000

400,000

5,000

3,500

350,000

3,000

300,000

2,500

250,000

2,000

200,000

1,500

150,000
100,000

1,000

50,000

500

Inventory

Sales

Benchmark Price

Apartment New Listings

10 Year Average
Source: CREB

5
4
3
2
1
-

Months of Supply 3 month MA

Source: CREB

CALGARY PRICE CHANGE COMPARISON

BALANCED

Source: CREB

CALGARY PRICES
500,000

15%

480,000

10%

460,000

5%

440,000

0%

420,000

-5%

400,000
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.
1/1/2013
878
1,732
2,075
47
496,821
436,900
185
1/1/2014
973
1,583
1,671
40
520,678
476,700
202

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

SF41334
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 +

Mar-13
3/1/2013
4
106
167
234
222
171
137
88
80
53
91
45
22
29
12
6
5
4
2
1
1,479

Feb.
2/1/2013
1,207
1,874
2,408
37
518,480
442,500
188
2/1/2014
1,229
1,783
1,894
29
550,531
482,800
205

SF41699
Mar-14
3/1/2014
2
51
148
219
249
213
180
136
108
83
122
73
40
36
20
7
4
6
1
1
1,699

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2013
1,479
2,234
2,727
33
518,468
446,500
190
3/1/2014
1,699
2,200
2,052
27
556,402
490,600
208

SF2013
YTD2013
3/1/2013
1
16
296
452
562
520
398
311
215
164
122
200
105
53
71
34
15
12
9
5
1
1
1
3,564

Apr.
4/1/2013
1,607
2,407
2,977
31
510,639
452,900
192
4/1/2014
150
150
2,093
13
448,920
NA
NA

May
5/1/2013
1,759
2,657
3,311
31
521,791
456,900
194
5/1/2014
NA
NA
NA
NA
NA

Jun.
6/1/2013
1,632
2,147
3,199
34
526,918
459,700
195
6/1/2014
NA
NA
NA
NA
NA

Jul.
7/1/2013
1,573
1,957
2,917
37
524,976
461,600
196
7/1/2014
NA
NA
NA
NA
NA

Aug.
8/1/2013
1,514
1,964
2,791
37
517,651
464,700
197
8/1/2014
NA
NA
NA
NA
NA

Sept.
9/1/2013
1,351
1,973
2,789
37
512,296
463,700
197
9/1/2014
NA
NA
NA
NA
NA

Oct.
10/1/2013
1,333
1,736
2,705
38
516,375
468,000
199
10/1/2014
NA
NA
NA
NA
NA

Nov.
11/1/2013
1,195
1,233
2,171
39
516,234
470,600
200
11/1/2014
NA
NA
NA
NA
NA

Dec.
12/1/2013
772
649
1,515
45
527,634
472,200
200
12/1/2014
NA
NA
NA
NA
NA

YTD
12/1/2013
16,300
22,563
36
517,875

3/1/2014
3,901
5,566
31
545,642

SF2014
YTD2014
3/1/2014
7
147
355
545
575
505
427
294
221
188
244
147
73
81
40
20
13
12
3
1
2
1
3,901

CALGARY YTD SINGLE FAMILY SALES BY PRICE RANGE

YTD MARCH

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

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 8 d

CITY OF CALGARY SINGLE FAMILY

CALGARY YTD SINGLE FAMILY NEW LISTINGS

CALGARY YTD SINGLE FAMILY SALES

YTD-MARCH

6,000
5,000
4,000
3,000
2,000
1,000
0

SF Sales

10 Year Average

SF New Listings

Source: CREB

3,500

600,000

3,000

500,000

400,000

2,000

300,000

1,500

100,000

500

SF Inventory

SF Sales

SF Benchmark Price

Source: CREB

5
4
3

200,000

1,000

10 Year Average

CALGARY SINGLE FAMILY MONTHS OF INVENTORY

CALGARY SINGLE FAMILY INVENTORY AND SALES

2,500

YTD-MARCH

10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0

BALANCED

1
-

SF Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY SINGLE FAMILY PRICES

CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON

600,000

15%

550,000

10%
5%

500,000

0%
450,000
-5%
400,000

-10%
-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.
1/1/2013
147
310
369
52
320,590
283,400
177
1/1/2014
206
326
277
38
371,347
308,100
193

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TH41334
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 +

Mar-13
3/1/2013
19
122
50
27
20
11
4
6
7
2
2
1
1
9
1
282

Feb.
2/1/2013
220
343
427
38
337,071
283,000
177
2/1/2014
265
354
324
28
377,382
309,700
194

TH41699
Mar-14
3/1/2014
9
101
99
44
40
22
10
6
1
2
1
2
2
2
341

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2013
282
398
484
39
355,757
286,800
179
3/1/2014
341
455
389
26
355,617
313,100
196

TH2013
YTD2013
3/1/2013
2
63
263
110
67
55
24
15
9
13
5
3
3
2
12
2
1
649

Apr.
4/1/2013
341
453
518
36
337,119
288,900
181
4/1/2014
392
NA
NA
NA
NA

May
5/1/2013
365
423
503
33
340,889
292,100
183
5/1/2014
NA
NA
NA
NA
NA

Jun.
6/1/2013
317
361
489
39
341,518
295,000
184
6/1/2014
NA
NA
NA
NA
NA

Jul.
7/1/2013
295
302
407
38
327,570
294,500
184
7/1/2014
NA
NA
NA
NA
NA

Aug.
8/1/2013
282
358
417
34
331,793
298,500
187
8/1/2014
NA
NA
NA
NA
NA

Sept.
9/1/2013
245
361
450
31
339,534
299,100
187
9/1/2014
NA
NA
NA
NA
NA

Oct.
10/1/2013
279
335
444
43
363,890
302,200
189
10/1/2014
NA
NA
NA
NA
NA

Nov.
11/1/2013
227
238
380
38
353,817
305,700
191
11/1/2014
NA
NA
NA
NA
NA

Dec.
12/1/2013
179
112
242
48
332,893
307,100
192
12/1/2014
NA
NA
NA
NA
NA

YTD
12/1/2013
3,179
3,994
38
341,008

3/1/2014
812
1,135
29
366,711

TH2014
YTD2014
3/1/2014
25
231
225
117
79
51
23
13
11
10
8
6
2
5
4
2
812

CALGARY YTD TOWNHOUSE SALES BY PRICE RANGE

YTD MARCH

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

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 10 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

CALGARY YTD TOWNHOUSE NEW LISTINGS

CALGARY YTD TOWNHOUSE SALES

YTD-MARCH

1,200

YTD-MARCH

1,800
1,600

1,000

1,400
1,200

800

1,000

600

800
600

400

400

200

200
-

Townhouse Sales

10 Year Average

Townhouse New Listings

Source: CREB

CALGARY TOWNHOUSE INVENTORY AND SALES

350,000

500

300,000

250,000

200,000

150,000

100,000

50,000

300
200
100
-

TH Inventory

TH Sales

TH Benchmark Price

Source: CREB

CALGARY TOWNHOUSE MONTHS OF INVENTORY

600

400

10 Year Average

BALANCED

TH Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY TOWNHOUSE PRICES

CALGARY TOWNHOUSE PRICE CHANGE COMPARISON

400,000

25%

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.
1/1/2013
204
451
640
62
280,067
251,300
176
1/1/2014
259
485
577
42
314,966
280,600
196

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

A41334
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 +

Mar-13
3/1/2013
61
167
45
26
16
10
6
3
2
2
2
1
2
2
1
346

Feb.
2/1/2013
279
453
704
45
287,733
252,900
177
2/1/2014
358
573
677
33
328,374
283,400
198

A41699
Mar-14
3/1/2014
1
35
216
62
58
32
15
10
7
3
4
2
445

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2013
346
560
796
41
301,358
257,700
180
3/1/2014
445
664
791
31
311,075
287,200
201

A2013
YTD2013
3/1/2013
3
154
394
109
65
38
24
11
6
4
4
6
1
3
3
3
1
829

Apr.
4/1/2013
429
615
871
41
291,345
261,300
183
4/1/2014
60
30
820
14
242,950
NA
NA

May
5/1/2013
411
634
929
35
310,096
263,600
184
5/1/2014
NA
NA
NA
NA
NA

Jun.
6/1/2013
358
490
896
38
301,523
264,000
184
6/1/2014
NA
NA
NA
NA
NA

Jul.
7/1/2013
397
466
768
50
302,278
267,600
187
7/1/2014
NA
NA
NA
NA
NA

Aug.
8/1/2013
397
451
690
43
297,807
270,600
189
8/1/2014
NA
NA
NA
NA
NA

Sept.
9/1/2013
324
460
683
39
298,743
272,900
191
9/1/2014
NA
NA
NA
NA
NA

Oct.
10/1/2013
337
450
692
43
309,415
276,100
193
10/1/2014
NA
NA
NA
NA
NA

Nov.
11/1/2013
303
353
605
43
307,308
279,600
195
11/1/2014
NA
NA
NA
NA
NA

Dec.
12/1/2013
220
211
479
50
296,207
278,600
195
12/1/2014
NA
NA
NA
NA
NA

YTD
12/1/2013
4,005
5,594
43
299,536

3/1/2014
1,062
1,722
34
317,855

A2014
YTD2014
3/1/2014
1
91
507
153
121
71
32
34
16
9
4
8
7
6
1
1
1,062

CALGARY YTD APARTMENT SALES BY PRICE RANGE

YTD MARCH

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

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 12 d

CITY OF CALGARY CONDOMINIUM APARTMENTS

CALGARY YTD APARTMENT NEW LISTINGS

CALGARY YTD APARTMENT SALES

YTD-MARCH

1,800
1,600

YTD-MARCH

3,000
2,500

1,400
1,200

2,000

1,000

1,500

800
600

1,000

400

500

200
0

Apartment Sales

10 Year Average

350,000

900

300,000

800
700

250,000

600

200,000

500

7
6
5
4

150,000

300

100,000

50,000

100
-

Apartment Inventory
Apartment Benchmark Price

Source: CREB

400
200

10 Year Average

CALGARY APARTMENT MONTHS OF INVENTORY

CALGARY APARTMENT INVENTORY AND SALES

1,000

Apartment New Listings

Source: CREB

BALANCED

Apartment Sales
Source: CREB

CALGARY APARTMENT PRICE CHANGE COMPARISON

Apartment Months of Supply 3 month MA

Source: CREB

CALGARY APARTMENT PRICES

25%

340,000

20%

320,000

15%
10%

300,000

5%

280,000

0%

260,000

-5%
-10%

240,000

-15%

220,000

-20%

200,000

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.
1/1/2013
245
542
1,218
82
349,213
329,200
173
1/1/2014
251
551
1,141
68
379,053
346,500
182

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TO41334
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 +

Mar-13
3/1/2013
6
33
85
60
68
41
31
8
13
8
2
1
2
2
1
2
1
364

Feb.
2/1/2013
256
559
1,381
69
338,531
332,500
175
2/1/2014
359
543
1,202
56
387,266
351,300
185

TO41699
Mar-14
3/1/2014
1
40
94
64
85
69
54
32
25
5
10
7
1
3
2
1
1
494

CREB Calgary Regional Housing Market Statistics

Mar.
Apr.
3/1/2013
4/1/2013
364
431
659
765
1,533
1,705
55
66
364,728
365,877
336,100
339,900
177
179
3/1/2014
4/1/2014
494
60
705
1,243
1,786
49
26
392,572
399,500
356,800 NA
188 NA

TO2013
YTD2013
3/1/2013
20
91
202
152
149
90
72
29
20
14
6
7
3
2
3
3
1
1
865

May
5/1/2013
486
773
1,767
64
367,698
343,900
181
5/1/2014
NA
NA
NA
NA
NA

Jun.
6/1/2013
470
587
1,606
62
370,550
346,200
182
6/1/2014
NA
NA
NA
NA
NA

July.
7/1/2013
480
671
1,570
60
374,672
346,400
182
7/1/2014
NA
NA
NA
NA
NA

Aug.
8/1/2013
431
590
1,517
57
364,998
348,100
183
8/1/2014
NA
NA
NA
NA
NA

Sept.
9/1/2013
377
549
1,443
58
378,736
345,800
182
9/1/2014
NA
NA
NA
NA
NA

Oct.
10/1/2013
382
513
1,390
59
380,376
345,400
182
10/1/2014
NA
NA
NA
NA
NA

Nov.
11/1/2013
317
379
1,241
64
392,647
347,900
183
11/1/2014
NA
NA
NA
NA
NA

Dec.
12/1/2013
201
218
1,008
65
376,726
346,500
182
12/1/2014
NA
NA
NA
NA
NA

YTD
12/1/2013
4,440
6,805
68
369,588

3/1/2014
1,104
1,799
56
387,773

TO2014
YTD2014
3/1/2014
4
84
222
135
203
154
122
62
46
23
19
12
5
4
5
2
1
1
1,104

CREB TOWNS YTD SALES BY PRICE RANGE

YTD MARCH

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

YTD-2012

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 14 d

CREB TOWNS

CREB TOWNS YTD TOTAL SALES

CREB TOWNS YTD TOTAL NEW LISTINGS

1,600

3,000

1,400

2,500

1,200
1,000

2,000

800

1,500

600

1,000

400

500

200

SF Sales
TH Sales

Apartment Sales
10 Year Average

1,800
1,600

400,000

12

350,000

10

300,000

1,400

1,200

250,000

1,000

200,000

150,000

800
600

100,000

400

50,000

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

2
-

Months of Supply 3 month MA

Source: CREB

CREB TOWNS PRICE CHANGE COMPARISON

Source: CREB

CREB TOWNS PRICES

20%

410,000

15%

390,000
370,000

10%

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.
1/1/2013
34
239
741
155
901,203
1/1/2014
59
198
649
100
745,115

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price

C41334
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 +

Mar-13
3/1/2013
1
3
5
6
5
3
4
5
1
11
6
5
10
5
2
72

Feb.
2/1/2013
72
209
761
104
831,221
2/1/2014
60
209
696
126
885,458

C41699
Mar-14
3/1/2014
1
1
3
4
1
3
3
2
5
3
9
8
16
8
19
4
7
2
99

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2013
72
258
897
107
774,036
3/1/2014
99
213
729
88
864,927

C2013
YTD2013
3/1/2013
2
1
3
7
9
9
10
8
9
10
8
21
16
19
23
14
3
1
4
1
178

Apr.
4/1/2013
84
290
1,001
105
830,942
4/1/2014
30
5,425
32
1,017,000

May
5/1/2013
104
334
1,123
91
762,134
5/1/2014
NA
NA
NA

Jun.
6/1/2013
99
270
1,138
87
814,436
6/1/2014
NA
NA
NA

Jul.
7/1/2013
90
237
1,132
96
811,453
7/1/2014
NA
NA
NA

Aug.
8/1/2013
95
222
1,157
105
754,478
8/1/2014
NA
NA
NA

Sept.
9/1/2013
96
209
1,034
98
829,119
9/1/2014
NA
NA
NA

Oct.
10/1/2013
80
185
1,007
110
827,605
10/1/2014
NA
NA
NA

Nov.
11/1/2013
79
107
812
110
937,556
11/1/2014
NA
NA
NA

Dec.
12/1/2013
49
71
638
101
941,214
12/1/2014
NA
NA
NA

YTD
12/1/2013
954
2,631
102
824,535
3/1/2014
218
620
101
838,152

C2014
YTD2014
3/1/2014
2
4
6
8
5
7
12
11
10
9
15
24
28
18
31
9
10
3
4
2
218

CRES YTD SALES BY PRICE RANGE

YTD MARCH

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

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 16 d

CREB COUNTRY RESIDENTIAL

CRES YTD TOTAL NEW LISTINGS

CRES YTD TOTAL SALES

800

300

700

250

600

200

500

150

400
300

100

200

50

100

CRES Sales

10 Year Average

1,200

1,000,000

35

900,000

30

800,000

1,000

700,000

25

800

600,000

20

500,000

600
400

400,000

15

300,000

10

200,000

200

100,000
0

Inventory

Sales

Median Price

10 Year Average

Source: CREB

CRES MONTHS OF INVENTORY

CRES INVENTORY AND SALES

1,400

CRES New Listings

Source: CREB

BALANCED

5
-

Months of Supply 3 month MA

Source: CREB

CRES PRICE CHANGE COMPARISON

Source: CREB

CRES PRICES
1,000,000

60%

950,000

50%

900,000

40%

850,000

30%

800,000

20%

750,000

10%

700,000

0%

650,000

-10%

600,000

-20%

550,000

-30%

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.
1/1/2013
1,588
3,462
5,713
59
431,889
385,300
182
1/1/2014
1,842
3,307
4,830
49
455,402
419,900
198

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

CT41334
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 +

Mar-13
3/1/2013
22
124
499
353
376
326
232
160
117
108
61
113
58
31
52
21
7
6
6
3
1
2,676

Feb.
2/1/2013
2,128
3,635
6,366
47
453,384
389,300
184
2/1/2014
2,395
3,660
5,291
39
474,073
424,800
200

CT41699
Mar-14
3/1/2014
4
97
499
399
437
416
316
238
187
122
106
147
94
53
60
27
15
6
8
1
1
3,233

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2013
2,676
4,425
7,169
42
451,662
393,800
186
3/1/2014
3,233
4,562
5,783
34
478,157
431,100
203

CT2013
YTD2013
3/1/2013
49
354
1,202
890
894
752
541
385
266
218
150
245
136
81
115
56
21
14
13
7
1
1
1
6,392

Apr.
4/1/2013
3,051
4,885
7,854
42
442,246
398,900
188
4/1/2014
300
180
5,425
18
454,650
NA
NA

May
5/1/2013
3,303
5,186
8,485
40
453,187
402,700
190
5/1/2014
NA
NA
NA
NA
NA

Jun.
6/1/2013
3,058
4,186
8,189
42
457,607
404,800
191
6/1/2014
NA
NA
NA
NA
NA

Jul.
7/1/2013
3,024
3,958
7,646
47
451,453
407,000
192
7/1/2014
NA
NA
NA
NA
NA

Aug.
8/1/2013
2,895
3,850
7,550
45
445,811
409,900
193
8/1/2014
NA
NA
NA
NA
NA

Sept.
9/1/2013
2,546
3,776
7,152
45
452,885
409,700
193
9/1/2014
NA
NA
NA
NA
NA

Oct.
10/1/2013
2,542
3,451
6,944
46
452,367
413,100
195
10/1/2014
NA
NA
NA
NA
NA

Nov.
11/1/2013
2,229
2,454
5,830
48
465,172
416,300
196
11/1/2014
NA
NA
NA
NA
NA

Dec.
12/1/2013
1,497
1,348
4,437
53
458,374
416,900
197
12/1/2014
NA
NA
NA
NA
NA

YTD
12/1/2013
30,537
44,616
43
451,474

3/1/2014
7,470
11,529
34
471,236

CT2014
YTD2014
3/1/2014
14
241
1,191
926
1,055
932
749
577
391
280
244
307
199
106
125
56
33
19
16
5
1
2
1
7,470

CREB RESIDENTIAL YTD SALES BY PRICE RANGE

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

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 18 d

CREB TOTAL RESIDENTIAL

CREB RESIDENTIAL YTD TOTAL NEW LISTINGS

CREB RESIDENTIAL YTD TOTAL SALES

YTD-MARCH

12,000
10,000
8,000
6,000
4,000
2,000
0

SF Sales
TH Sales

Apartment Sales
CRES

500,000

8,000

450,000

7,000

400,000
350,000

4,000
3,000

250,000

4
3

100,000
50,000
0

Benchmark Price

200,000

1,000

Sales

2,000

Inventory

300,000

150,000

Apartment New Listings

CRES New Listings
Source: CREB

CREB RESIDENTIAL MONTHS OF INVENTORY

9,000

5,000

SF New Listings
TH New Listings
10 Year Average

Source: CREB

CREB RESIDENTIAL INVENTORY AND SALES

6,000

YTD-MARCH

20,000
18,000
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0

BALANCED

2
1
-

Months of Supply 3 month MA

Source: CREB

CREB RESIDENTIAL PRICE CHANGE COMPARISON

Source: CREB

CREB RESIDENTIAL PRICES

500,000

15%

480,000

10%

460,000

5%

440,000
420,000

0%

400,000

-5%

380,000

-10%

360,000

-15%

340,000
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