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: Average Housing price data are supplied by the Joe Samson Real Estate Team in Calgary "We put your interests and needs ahead of the sale when you choose to work with Calgary's best real estate agents!"
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In August 2020 the strata market continued following their down trends of lower highs and mostly lower lows. Average Condo prices lead the way down 28.6% below their June 2014 peak keeping them at April 2006 price levels. Average single family detached prices continued to find buyer support as total residential sales turned down a tick from the recent of the last 5 years. The ratio of listings to sales in Calgary rose to 4.1. |
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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 the buy side of the market continues picking through low inventory levels rejecting strata units in favour of detached dwellings.
The employed in Alberta enjoy the highest average employment earnings on the May 2020 print at $65,313/yr (2 month lag) which includes the government shutdown subsidy and are now 10% 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 over two decades and the data plot spread has been widening since 2015. 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.
