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

SEE ALSO ​CHART COMPARISONS OF EARNINGS & COMMODIFIED HOUSING VALUES FOR
VANCOUVER, CALGARY and TORONTO

CLICK CHART TO ENLARGE

​NOTE: Condo data from July 2006 to November 2010 are CREB combined Strata. The TSX Energy Index is x15 to fit the chart.​​​
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In October 2019 prices coiled about their trends; solidly down in the strata sector but holding up well for detached house prices that remain in a 5 year range at the top of the heap.
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Meanwhile the residential sales plot in Calgary has rolled over for the selling season. The 5 year sales breakdown has capped prices while inventory remains near the top of the the seasonal range but off of the 2013 and 2018 highs.
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​In May 2017 real estate buyers heard Trumpets and moved the average price of a detached house to a historical peak and now 24 months later, the buy side of the market continues to thin, although those with income reject strata units in favour of detached dwellings. 

The employed in Alberta enjoy the highest average earnings in Canada at $60,866/yr (August 2019 print) and are just 1% below their May 2019 peak.

But ​Foreign Direct Investment in Canada has been negative for two decades. 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 recent post Japan Redux.
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​SEE ALSO ​CHART COMPARISONS OF EARNINGS & COMMODIFIED HOUSING VALUES FOR
VANCOUVER, CALGARY and TORONTO