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.
NOTE: Average Housing price data are sometimes 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!"
In December 2020 average single family detached prices continued coiling about the mid-line of the last 7 years of sideways chop.
Meanwhile strata market prices remained on their downtrends with condos trading at 1Q 2006 levels when the TSX Energy Index was trading 3 times higher.
Total residential sales continued on its downtrend as the ratio of listings to sales came in at 3.1.
The employed in Alberta enjoy the highest average employment earnings on the latest October data (2 month lag) at $61,764/yr which includes the government shutdown subsidies and are 7% 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 and my December 6, 2020 post Peak Oil Says BP.