CALGARY HOUSING Single Family Detached, Town House and Condo Average Prices with Total Residential Listings and Sales and the TSX Energy Index

See also ​the charts comparing 10 year changes in Alberta employment earnings and the relative values of CALGARY STRATA units as a percentage of single family dwellings
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NOTE: Calgary Single Family Detached data are average prices. Condo data from July 2006 to November 2010 are CREB combined Strata and post NOV 2010 are average prices. The TSX Energy Index is x15 to fit the chart.​​​
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In June 2020 the market caught a bid pushing prices up in all sectors but still following their down trends of lower highs and mostly lower lows. Average Condo prices lead the way down 24.4% below their June 2014 peak keeping them at MAY 2006 price levels.

Average single family detached prices continued to find buyer support as total residential sales moved up to the highs of the last 5 years. The ratio of listings to sales in Calgary is now only 3.6.

​In May 2017 real estate buyers heard Trumpets and moved the average price of a detached house to a historical peak and now 37 months later, the buy side of the market continues to remain thin picking through low inventory levels and those with income reject strata units in favour of detached dwellings. 

The employed in Alberta enjoy the highest average employment earnings  at $64,544/yr (April 2020 print) which includes the government shutdown subsidy and are now in total 12% above Canada's national average. But in Canada, only 20% of households have a net worth greater than $1,000,000 (see my post "Household Net Worth" of June 2020).

​Foreign Direct Investment in Canada has been negative for two decades and the data plot spiked to a new wide in 2015, 2016, 2017 and 2018. That's a trend. Housing is a commodity as is heavy Alberta crude. Follow the money, see the TSX chart and my notes on the commodities super cycle in my post Japan Redux.
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