A A p p r ril 2017

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1 April 17 17

2 Housing market retains momentum in April Citywide prices hold steady as labour market improves City of Calgary, May 1, 17 Calgary s housing market continued to show signs of stability in April. With improvements in the labour market and a balanced detached sector, citywide benchmark prices reached $39, in April, similar to the previous month, but.9 per cent below last year s levels. More jobs means less uncertainty for people who are sitting on the fence, said CREB president David P. Brown. There also tends to be fewer people who need to sell when employment improves, and that can prevent inventory gains and further price reductions in the market. It s a good scenario for sellers who are entering a spring market that s in better shape than anything we ve seen in recent years. While adjustments are still occurring in the apartment condominium sector, the detached segment of the market is improving across all price segments. Detached product has not faced the same supply pressure as the apartment sector, said CREB chief economist AnnMarie Lurie. Detached supply from new construction didn t surpass previous highs. That helped prevent steeper price adjustments in the detached sector when demand eased. The relationship between sales and inventory will be a key driver for pricing in the months ahead. Total transactions improved to 1,917 units in April, while inventories totaled 5,95 units, pushing months of supply below three for the second consecutive month. With sales up and overall market inventory down, months of supply has already pulled back from elevated levels recorded over the past two years. While activity continues to vary by location and product type, more balanced conditions will help to support overall price stability. Improvements in the employment situation were necessary to prevent further declines in the housing sector, said Lurie. However, economic recovery is still expected to be slow, impacting the pace and quality of job growth. Based on current expectations this should translate into a more prolonged period of recovery in the housing market. MONTHLY STATISTICS PACKAGE City of Calgary HOUSING MARKET FACTS 17 Yearoveryear sales activity has improved in each sector of the market. However, overall activity remains below longterm averages in most segments. Despite the yearoveryear rise of detached new listings in April, overall inventory levels continue to remain per cent below last year s levels, keeping months of supply at.9. Growth in new condominium apartment listings continues to outpace growth in sales. This is leading to higher inventory levels and a month of supply that s nearly six months. Oversupply in the apartment condominium sector is placing further downward pressure on pricing. In April, apartment benchmark prices totaled $9,, which is.19 per cent blow last month and.3 per cent below last year s levels. To date, apartment prices have contracted by nearly 1 per cent over 1 highs. Semidetached prices totaled $39, in April, a.15 per cent increase compared to last month and 1.7 per cent higher than prices recorded one year ago. Meanwhile, row prices totaled $35,9 in April,.59 per cent above last month, but.83 per cent below last year. Yeartodate sales activity has either improved or remained at the same level as last year in all districts except the NE. Much of this growth is fueled by improved detached activity. Within the detached sector, yeartodate benchmark prices have improved in the North West, West and East areas of the city compared to last year. MONTHS OF SUPPLY AND PRICE CHANGES 1. *See district map on last page. RESIDENTIAL 7% 9. % % % 3% % 1% % 1. 1% % Months of Supply 1 month trend Y/Y Benchmark Price Change CREB Monthly Statistics City of Calgary 3

3 Summary Stats City of Calgary Apr1 Apr17 Y/Y % Change Y/Y % Change DETACHED Total Sales 1,13 1, 5.99% 3,3 3, % Total Sales Volume $1,89,1 $77,1, % $1,77,93,78 $,13,38, % New Listings 1,8 1,81.5%,73, % Inventory 3,138,5 19.3%,93, % Months of Supply % % Sales to New Listings Ratio.%.7%.8% 8.99% 1.19% 1.% Sales to List Price Ratio 97.% 97.5%.59% 9.78% 97.%.% Days on Market 3 7.9% % Benchmark Price $5, $5,1.% $5,85 $5,575.8% Median Price $83,75 $53,5.3% $7, $93,.1% Average Price $51,78 $5, % $538,7 $51,593.9% Index.5% % APARTMENT Total Sales % % Total Sales Volume $8,597,33 $8,9,9 5.8% $,98,778 $88,13,3 1.1% New Listings 93.5%,579, 1.8% Inventory 1,583 1,7.% 1,38 1,71.% Months of Supply % % Sales to New Listings Ratio.99% 1.1%.% 3.7% 37.9% 5.% Sales to List Price Ratio 9.% 9.81%.5% 9.8% 9.39%.11% Days on Market % % Benchmark Price $81,1 $9,.3% $8,75 $9,5.8% Median Price $78,5 $7,.13% $7, $1,3 3.% Average Price $3,55 $3,999.15% $98,5 $95,7.99% Index % % ATTACHED Total Sales % 1,1 1, % Total Sales Volume $15,87,597 $185,85,8 7.18% $9,,38 $551,83,3.78% New Listings %,77,57 7.% Inventory 1,53 1, % 1,39 1,15 1.5% Months of Supply % % Sales to New Listings Ratio 9.11% 57.1% 8.3%.5% 51.9% 11.38% Sales to List Price Ratio 9.93% 97.7%.5% 9.99% 97.5%.% Days on Market % % Benchmark Price $33, $331,5.93% $338,875 $33,55.% Median Price $33,5 $37,5.99% $31,5 $37, 1.79% Average Price $5,815 $3, % $399,18 $1, 3.33% Index % 195.5% CITY OF CALGARY Total Sales 1,78 1, % 5,53, % Total Sales Volume $83,177,8 $99,57,51 1.3% $,73,39,3 $,93,19,3 19.8% New Listings 3,17 3,9.% 1,91 11, % Inventory,51 5,95 1.9% 5,75,88 1.% Months of Supply % % Sales to New Listings Ratio 5.9% 58.1% 3.% 3.5% 53.5% 1.9% Sales to List Price Ratio 9.9% 97.5%.58% 9.77% 97.3%.53% Days on Market % 5.% Benchmark Price $3, $39,.9% $,55 $38,5 1.77% Median Price $3, $5, 3.9% $, $35, 3.8% Average Price $7,91 $95, % $7,853 $8,33 3.9% Index 1.89% 1.77% For a list of definitions, see page. CREB Monthly Statistics City of Calgary

4 Summary Stats City of Calgary 17 CITY OF CALGARY SEMIDETACHED Apr1 Apr17 Y/Y % Change 1 17 Y/Y % Change Total Sales % % Total Sales Volume $85,381,99 $18,,7.77% $,7,953 $3,81,81 7.5% Share of Sales with Condo Title 9.% 15.53%.3% 15.% 1.% 1.3% New Listings % 1,1 1, % Inventory % % Months of Supply % % Sales to New Listings Ratio 5.8% 75.7% 18.87% 3.5%.79% 17.5% Sales to List Price Ratio 9.93% 97.5%.73% 9.95% 97.37%.% Days on Market 5.89% 5 7.% Benchmark Price $383, $39, 1.7% $38,575 $387,75.8% Median Price $1, $3,75.5% $39, $7,5.% Average Price $9,71 $55,38 7.8% $8,18 $99,79 3.% Index % 1.9% CITY OF CALGARY ROW Total Sales % % Total Sales Volume $,35,8 $77,5, % $8,83,1 $5,, % Share of Sales with Condo Title 95.8% 95.%.8% 93.88% 95.38% 1.5% New Listings % 1,3 1,5 3.93% Inventory % % Months of Supply % % Sales to New Listings Ratio 3.53%.81% 3.8% 38.7%.3% 7.77% Sales to List Price Ratio 9.9% 97.%.8% 97.3% 97.9%.% Days on Market % % Benchmark Price $31,8 $35,9.83% $319,575 $35,75.33% Median Price $31, $38,5.5% $31, $38,.5% Average Price $35,97 $35,7 7.3% $333, $338,1 1.% Index % % CITY OF CALGARY ATTACHED Total Sales % 1,1 1, % Total Sales Volume $15,87,597 $185,85,8 7.18% $9,,38 $551,83,3.78% Share of Sales with Condo Title 53.7% 5.57% 5.3% 59.5% 58.91%.9% New Listings %,77,57 7.% Inventory 1,53 1, % 1,39 1,15 1.5% Months of Supply % % Sales to New Listings Ratio 9.11% 57.1% 8.3%.5% 51.9% 11.38% Sales to List Price Ratio 9.93% 97.7%.5% 9.99% 97.5%.% Days on Market % % Benchmark Price $33, $331,5.93% $338,875 $33,55.% Median Price $33,5 $37,5.99% $31,5 $37, 1.79% Average Price $5,815 $3, % $399,18 $1, 3.33% Index % 195.5% For a list of definitions, see page. CREB Monthly Statistics City of Calgary 3

5 Calgary Districts Yearoveryear benchmark price change Monthovermonth benchmark price change April 17 Sales New Listings Sales to New Listings Ratio Inventory Months of Supply Benchmark Price Detached City Centre % $57,7.%.% North East % $38,7 1.7%.5% North % 39.5 $5,1.5%.79% North West % $537,.9% 1.38% West % 3. $718,7 3.51%.39% South % $75,8.9%.87% South East % $,8.7%.% East % 77. $35,8 1.1% 1.% TOTAL CITY 1, 1,81.7%,5.9 $5,1.%.% Apartment City Centre % 89.1 $95,.19%.7% North East % $,.1%.19% North 1 3.3% $33,.7%.89% North West % 1 5. $5,7 3.71%.3% West % $,8.1%.37% South % $3,9 7.1%.% South East % 11.3 $,5 9.9%.8% East 15.38% $1, 9.%.7% TOTAL CITY % 1,7 5.7 $9,.3%.19% Semidetached City Centre % 18.7 $73,.1%.% North East %. $31,7 3.% 1.% North % $318,8.3%.5% North West 9.31% 3 1. $38, 3.89%.99% West %.11 $,9 3.3%.9% South % 5. $339,9 1.85%.83% South East 5 15.% 1.8 $33,9.%.3% East 1.% 3.33 $73,8.%.3% TOTAL CITY % 3.5 $39, 1.7%.15% Row City Centre % $58,3.7%.8% North East 7.% $1, 3.% 1.8% North % $7,5 3.%.55% North West % 85.7 $3,7.75%.5% West % $35,5.1%.5% South % $7, 1.5%.55% South East % $3,5.18%.3% East % 3.9 $,7 8.3%.5% TOTAL CITY 7.81% $35,9.83%.59% *Total city figures can include activity from areas not yet represented by a community / district 17 CREB Monthly Statistics City of Calgary

6 Price Comparisons 17 BENCHMARK PRICE APRIL 8, 7,, 5,, 3,, 1, Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary YEAR OVER YEAR PRICE GROWTH COMPARISON APRIL % % % % % % % 8% 1% Detached Apartment Semi Detached Row Total Residential City Centre North East North North West West South South East East Calgary TYPICAL HOME ATTRIBUTES DETACHED HOMES City Centre North East North North West West South South East East City of Calgary Gross Living Area (Above Ground) 1,33 1,17 1,338 1,51 1,73 1,35 1,8 1,91 1,31 Lot Size 5,58,7,39 5,38 5,5 5,,73,85,98 Above Ground Bedrooms Year Built Full Bathrooms Half Bathrooms CREB Monthly Statistics City of Calgary 5

7 District Trends 17 TOTAL SALES 3,5 APRIL 3,,5, 1,5 1, 5 '3 ' '5 ' '7 '8 '9 City Centre South East South West North West North North East East '1 '11 '1 '13 '1 '15 TOTAL INVENTORY APRIL 1, 9, 8, 7,, 5,, 3,, 1, '3 ' '5 ' '7 '8 '9 '1 '11 '1 '13 City Centre South East South West North West North North East East '1 '15 MONTHS OF SUPPLY APRIL Detached Apartment Semi Detached Row City Centre South East South West North West North North East East Calgary CREB Monthly Statistics City of Calgary

8 District Graphs TOTAL INVENTORY BY PRICE RANGE APRIL 1, 1, 1, 8 TOTAL SALES BY PRICE RANGE APRIL <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East 1 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99,999 $7, 999,999 $1,,+ City Centre North East North North West West South South East East SALES BY PROPERTY TYPE APRIL 5 SHARE OF CITY WIDE SALES APRIL 1% % % City Centre North East North North West West South South East East 8% % % % % 35% 17% 1% 1% 15% 9% 15% 7% 1% 1% 9% 1% 9% 9% 9% 8% % 9% 11% 3% % 11% 11% 1% 13% 11% 1% 3% City Centre North East North North West West South South East East Detached Apartment Semi Detached Row Detached Apartment Semi Detached Row CREB Monthly Statistics City of Calgary 7

9 City of Calgary Total Residential 17 Jan. Feb. Mar. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 1 1/1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales 75 1,13 1,59 1,78 1,9,9 1,7 1,57 1,79 1,7 1,7 99 New Listings,7,97 3,5 3,17 3,317 3,98,83,7,97,31 1, Inventory 5,3 5,83,1,51,177,1 5,78 5,79 5,881 5,31,987 3,7 Days on Market Benchmark Price 5,1 7,3 5,1 3,,3 3,1,5,7,9 1, 39, 38,1 Median Price 7,5,,5 3, 3,75 3, 9,5 18,5 3,5 1, 7, 5, Average Price 5,889 73,9 8, 7,91 91,83 85,8 85,385 7,19 9,33 1,5 85,39 9,71 Index /1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales 9 1,338 1,89 1,917 New Listings,383,59 3,3 3,9 Inventory,11,5 5,1 5,95 Days on Market Benchmark Price 37, 38,1 39, 39, Median Price 5, 7,75 35, 5, Average Price 7,335 8,7 9,919 95,387 Index 1 1 Apr1 Apr CALGARY TOTAL SALES /1/1 /1/17 /1/1 /1/17 >$1, 1 1 $1, $199, $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,5, $1,99, $1,5, $1,79, $1,75, $1,999, $,, $,99, $,5, $,999, $3,, $3,99, $3,5, $3,999,999 1 $,, + 1 1,78 1,917 5,53,93 CITY OF CALGARY TOTAL SALES BY PRICE RANGE,5, 1,5 1, 5 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, APRIL $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 8

10 CITY OF CALGARY TOTAL SALES APRIL City of Calgary Total Residential 17 CITY OF CALGARY TOTAL NEW LISTINGS APRIL 1,, 1, 18, 1, 8, 1, 1,, 1,, 8,,,,, Detached Apartment Semi Detached Row 1 Year Average Detached Apartment Semi Detached Row 1 Year Average CITY OF CALGARY TOTAL INVENTORY AND SALES CITY OF CALGARY TOTAL MONTHS OF INVENTORY 7,, 5,, 3,, 1, May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 5,, 3,, 1,, 39, 38, 37, 3, 35, 3, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY TOTAL PRICE CHANGE 15% 1% 5% % 5% 1% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY TOTAL PRICES 5, 5, 8,,,,, 38, 3, 3, 3, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 9

11 City of Calgary Detached 17 Jan. Feb. Mar. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 1 1/1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales 93 1,5 1,13 1,13 1,8 1, , New Listings 1,87 1,11 1,818 1,8 1,85 1,78 1,87 1,58 1,59 1,3 1, 51 Inventory,537,953 3,93 3,138 3,,938,73,78,83,57,37 1,71 Days on Market Benchmark Price 51,7 57, 55,3 5, 53, 55,3 55,1 5,1 5, 55,3 51, 51, Median Price 58,75 7,5 8, 83,75 89, 89,5 8, 7,5 9,, 85, 8, Average Price 5,8 51, ,81 51,78 558,9 558, 5,5 5,371 53,3 59, ,31 57,39 Index /1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales ,171 1, New Listings 1,9 1,93 1,79 1,81 Inventory 1,88 1,995,3,5 Days on Market Benchmark Price 5, 51,9 53,9 5,1 Median Price 85, 9, 9, 53,5 Average Price 5, , ,7 5,33 Index 5 Apr1 Apr CALGARY TOTAL SALES /1/1 /1/17 /1/1 /1/17 >$1, 1 1 $1, $199,999 1 $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,5, $1,99, $1,5, $1,79, $1,75, $1,999, $,, $,99, $,5, $,999, $3,, $3,99, $3,5, $3,999,999 1 $,, + 1 1,13 1, 3,3 3,781 CITY OF CALGARY DETACHED SALES BY PRICE RANGE 1, 1, 1, 1, 8 <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, APRIL $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

12 CITY OF CALGARY DETACHED SALES 8, 7,, 5,, 3,, 1, APRIL City of Calgary Detached 17 CITY OF CALGARY DETACHED NEW LISTINGS APRIL 1, 1, 1, 8,,,, Detached 1 Year Average Detached 1 Year Average CITY OF CALGARY DETACHED INVENTORY AND SALES CITY OF CALGARY DETACHED MONTHS OF INVENTORY 3,5 3,,5, 1,5 1, 5 May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 58, 57, 5, 55, 5, 53, 5, 51, 5, 99, 98, 97, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY DETACHED PRICE CHANGE 15% CITY OF CALGARY DETACHED PRICES, 1% 5% % 5% 57, 5, 7,, 37, 1% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change 3, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 11

13 City of Calgary Apartment 17 Jan. Feb. Mar. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 1 1/1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales New Listings Inventory 1,5 1,389 1,59 1,583 1,1 1,5 1,557 1,577 1,51 1,5 1,3 1,19 Days on Market Benchmark Price 8, 83,8 8, 81,1 79,3 79,3 78,1 75, 75,3 7,9 7, 7, Median Price 51, 8, 7, 78,5 8, 7,5 9,9 71,5 8, 5, 55, 9,5 Average Price 8,88 37,1 98,7 3,55 31,753 39,31 351,55 31,8 33, 88,39 97,71 3,355 Index /1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales New Listings Inventory 1,7 1,391 1,578 1,7 Days on Market Benchmark Price 9,9 9, 9,7 9, Median Price 58,5 73, 5, 7, Average Price 8,9 31, 8,831 3,999 Index Apr1 Apr CALGARY TOTAL SALES /1/1 /1/17 /1/1 /1/17 >$1, $1, $199, $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999,999 $1,, $1,9,999 1 $1,5, $1,99,999 1 $1,5, $1,79,999 $1,75, $1,999,999 $,, $,99,999 1 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, CITY OF CALGARY APARTMENT SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599, $, $99,999 APRIL $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

14 CITY OF CALGARY APARTMENT SALES,5, 1,5 1, 5 APRIL City of Calgary Apartment 17 CITY OF CALGARY APARTMENT NEW LISTINGS APRIL, 3,5 3,,5, 1,5 1, Apartment 1 Year Average Apartment 1 Year Average CITY OF CALGARY APARTMENT INVENTORY AND SALES 1,8 1, 1, 1, 1, 8 May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. CITY OF CALGARY APARTMENT PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 15% % Average Price Y/Y% Change Benchmark Y/Y% Change 8, 8, 78, 7, 7, 7, 7, 8,,,, Median Price Y/Y% Change CITY OF CALGARY APARTMENT MONTHS OF INVENTORY , 3, 3, 3, 8,,,, Months of Supply Trended CITY OF CALGARY APARTMENT PRICES 1 month moving average inventory, Average Price Benchmark Price Median Price CREB Calgary Regional Housing Market Statistics 13

15 City of Calgary SemiDetached 17 Jan. Feb. Mar. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 1 1/1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales New Listings Inventory Days on Market Benchmark Price 39, 38,9 385, 383, 383,1 385, 385, 387,1 38,5 38,5 38,8 385, Median Price 377, 3,5 39, 1, 9, 393, 38,88 391, 5, 375, 7,5 5, Average Price 78,79 9,83 5,81 9,71 5,19 9,57 97,58 8,981 7,7 9,7 5,513 51,91 Index /1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales New Listings Inventory Days on Market 1 53 Benchmark Price 38, 38,3 389, 39, Median Price 375, 38,858 39, 3,75 Average Price 8,59 77,85 9,91 55,38 Index Apr1 Apr CALGARY TOTAL SALES /1/1 /1/17 /1/1 /1/17 >$1, $1, $199,999 3 $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799, $8, $899, $9, $999, $1,, $1,9, $1,5, $1,99, $1,5, $1,79,999 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, CITY OF CALGARY SEMIDETACHED SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599, $, $99,999 APRIL $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

16 CITY OF CALGARY SEMIDET. SALES APRIL City of Calgary SemiDetached 17 CITY OF CALGARY SEMIDET. NEW LISTINGS APRIL 1, 1, 1, Semi Detached 1 Year Average Semi Detached 1 Year Average CITY OF CALGARY SEMIDET. INVENTORY AND SALES CITY OF CALGARY SEMIDET. MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 39, 39, 388, 38, 38, 38, 38, 378, Months of Supply Trended 1 month moving average inventory CITY OF CALGARY SEMIDET. PRICE CHANGE 5% % 3% % 1% % 1% % 3% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY SEMIDET. PRICES 5,, 55, 5, 5,, 35, 3, 5, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 15

17 City of Calgary Row 17 Jan. Feb. Mar. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 1 1/1/1 /1/1 3/1/1 /1/1 5/1/1 /1/1 7/1/1 8/1/1 9/1/1 1/1/1 11/1/1 1/1/1 Sales New Listings Inventory Days on Market Benchmark Price 33,8 31, 318,5 31,8 313, 31,8 31,3 31, 311,1 38,1 39, 37,9 Median Price 315, 315, 39, 31, 31,5 31, 33,5 31, 31, 3, 31, 317,9 Average Price 3,7 3,3 37,9 35,97 37,73 39,3 38,1 33,1 35,97 319,5 331,9 33,8 Index /1/17 /1/17 3/1/17 /1/17 5/1/17 /1/17 7/1/17 8/1/17 9/1/17 1/1/17 11/1/17 1/1/17 Sales New Listings Inventory Days on Market Benchmark Price 37,1 35,9 3,1 35,9 Median Price 35, 31, 33, 38,5 Average Price 31,553 3, 37,1 35,7 Index Apr1 Apr CALGARY TOTAL SALES /1/1 /1/17 /1/1 /1/17 >$1, $1, $199, $, $99, $3, $ 39, $35, $399, $, $9, $5, $99, $5, $59, $55, $599, $, $9, $5, $99, $7, $799,999 $8, $899, $9, $999,999 1 $1,, $1,9,999 1 $1,5, $1,99,999 3 $1,5, $1,79,999 $1,75, $1,999,999 $,, $,99,999 $,5, $,999,999 $3,, $3,99,999 $3,5, $3,999,999 $,, CITY OF CALGARY ROW SALES BY PRICE RANGE <$, $, $99,999 $3, $399,999 $, $99,999 $5, $599,999 $, $99, APRIL $7, 999,999 $1,,+ CREB Monthly Statistics City of Calgary 1

18 CITY OF CALGARY ROW SALES 1, 1, 1, 1, 8 APRIL City of Calgary APRIL,5, 1,5 1, 5 Row 17 CITY OF CALGARY ROW NEW LISTINGS Row 1 Year Average Row 1 Year Average CITY OF CALGARY ROW INVENTORY AND SALES 1, 1, 8 31, 31, 31, 31, 38, 3, 3, CITY OF CALGARY ROW MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 3, 3, 98, 1 Months of Supply Trended 1 month moving average inventory CITY OF CALGARY ROW PRICE CHANGE 5% % 15% 1% 5% % 5% 1% Average Price Y/Y% Change Median Price Y/Y% Change Benchmark Y/Y% Change CITY OF CALGARY ROW PRICES, 38, 3, 3, 3, 3, 8,,,,, Average Price Median Price Benchmark Price CREB Calgary Regional Housing Market Statistics 17

19 City of Calgary 17 CITY CENTRE CITY CENTCITY CENTCITY CENTCITY CENTCITY CENTCITY CENTRE PRICES CITY CENTRE TOTAL SALES APRIL,5 CITY CENTRE TOTAL SALES BY PRICE RANGE APRIL, 1,5 1, Detached Apartment Semi Detached 1 17 Row 1 Year Average CITY CENTRE INVENTORY AND SALES CITY CENTRE MONTHS OF INVENTORY, 1,8 1, 1, 1, 1, 8 May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 51, 58, 5, 5, 5, 5, 98, 9, 9, 9, Months of Supply Trended 1month moving average CITY CENTRE PRICE CHANGE % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change CITY CENTRE PRICES 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 18

20 City of Calgary NORTHEAST NORTHEAST TOTAL SALES 1,8 1, 1, 1, 1, NORTHEANORTHEANORTHEANORTHEANORTHEANORTHEAST PRICES Detached Apartment Semi Detached APRIL 1 17 Row 1 Year Average NORTHEAST TOTAL SALES BY PRICE RANGE APRIL NORTHEAST INVENTORY AND SALES NORTHEAST MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 38, 3, 3, 3, 3, 358, 35, 35, 35, 35, 38, Months of Supply Trended 1month moving average NORTHEAST PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHEAST PRICES 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 19

21 City of Calgary NORTH NORTH TONORTH TONORTH INNORTH MNORTH P NORTH PRICES NORTH TOTAL SALES APRIL 1, NORTH TOTAL SALES BY PRICE RANGE 17 APRIL 1, 1, Detached Apartment Semi Detached 1 17 Row 1 Year Average NORTH INVENTORY AND SALES NORTH MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar.,,, 398, 39, 39, 39, 39, Months of Supply Trended 1month moving average NORTH PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTH PRICES 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

22 City of Calgary NORTHWEST NORTHWNORTHWNORTHWNORTHWNORTHWNORTHWEST PRICES NORTHWEST TOTAL SALES 1,8 1, 1, APRIL 3 5 NORTHWEST TOTAL SALES BY PRICE RANGE 17 APRIL 1, 1, Detached Apartment Semi Detached 1 17 Row 1 Year Average NORTHWEST INVENTORY AND SALES NORTHWEST MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 8, 8, 8, 8, 78, 7, 7, 7, 7, 8, Months of Supply Trended 1month moving average NORTHWEST PRICE CHANGE % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change NORTHWEST PRICES 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 1

23 City of Calgary WEST WEST TOTAL SALES 1, 1, WEST TOTWEST TOTWEST INVWEST MOWEST PRIWEST PRICES Detached Apartment Semi Detached APRIL 1 17 Row 1 Year Average WEST TOTAL SALES BY PRICE RANGE APRIL WEST INVENTORY AND SALES WEST MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 55, 55, 58, 5, 5, 5, 5, 538, 53, 53, 53, Months of Supply Trended 1month moving average WEST PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change WEST PRICES 8, 7,, 5,, 3,, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

24 City of Calgary SOUTH SOUTH TOTAL SALES,5, 1,5 1, SOUTH TOSOUTH TOSOUTH INSOUTH MSOUTH PRSOUTH PRICES Detached Apartment Semi Detached APRIL 1 17 Row 1 Year Average SOUTH TOTAL SALES BY PRICE RANGE APRIL SOUTH INVENTORY AND SALES SOUTH MONTHS OF INVENTORY 1, 1, 8 May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar.,, 18, 1, 1, 1, 1, 8,,,, Months of Supply Trended 1month moving average SOUTH PRICE CHANGE % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change SOUTH PRICES 55, 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 3

25 City of Calgary SOUTHEAST SOUTHEASOUTHEASOUTHEASOUTHEASOUTHEASOUTHEAST PRICES SOUTHEAST TOTAL SALES APRIL 1, SOUTHEAST TOTAL SALES BY PRICE RANGE 17 APRIL 1, Detached Apartment Semi Detached 1 17 Row 1 Year Average SOUTHEAST INVENTORY AND SALES SOUTHEAST MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 3, 8,,,,, 18, 1, 1, Months of Supply Trended 1month moving average SOUTHEAST PRICE CHANGE 3% 5% % 15% 1% 5% % 5% 1% 15% Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change SOUTHEAST PRICES 5, 5,, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics

26 City of Calgary EAST EAST TOTAL SALES EAST TOTEAST TOTEAST INV EAST MO EAST PRICEAST PRICES Detached Apartment Semi Detached APRIL 1 17 Row 1 Year Average EAST TOTAL SALES BY PRICE RANGE APRIL EAST INVENTORY AND SALES EAST MONTHS OF INVENTORY May. Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Inventory Sales Benchmark Price Mar. 3, 335, 33, 35, 3, 315, 31, Months of Supply Trended 1month moving average EAST PRICE CHANGE 5% % 15% 1% 5% % 5% 1% 15% % Semi Y/Y%change Row Y/Y% change Apartment Y/Y% change Detached Y/Y% Change Benchmark Price Change EAST PRICES, 35, 3, 5,, 15, 1, Detached Price Row Price Apartment Price Semi Price Benchmark Price CREB Calgary Regional Housing Market Statistics 5

27 CREB Definitions DEFINITIONS Benchmark Price Represents the monthly price of the typical home based on its attributes such as size, location and number of bedrooms. MLS Home Price Index Changes in home prices by comparing current price levels relative to January 5 price level. Absorption Rate Refers to the ratio between the amount of sales occurring in the market relative to the amount of inventory. Months of Supply Refers to the ratio between Inventory and sales which represents at the current pace of sales how long it would take to clear existing inventory. Detached A unit that is not attached to any other unit. Semidetached A single dwelling built as one of a pair that share one common wall. Row A single dwelling attached to each other by a common wall with more than two properties in the complex. Attached Both row and semidetached properties. Apartment A unit within a high rise or low rise condominium building with access through an interior hallway. Total Residential Includes detached, attached and apartment style properties. Exclusions Data included in this package do not include activity related to multipleunit sales, rental, land or leased properties. ABOUT CREB CREB is a professional body of more than 5,1 licensed brokers and registered associates, representing 5 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. 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 company s market share. All MLS active listings for Calgary and area may be found on the board s website at ww.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 Monthly Statistics City of Calgary