Calgary Hot Housing Market Continues - Feb 2022

We have a Hot Calgary Market! What is happening to Calgary real estate market? Cash offers! Competing offers! Offers way over list price! Prices rising fast! Frustrated buyers! No condition offers! The detached market has gone a little crazy.

Detached Market: This is where the market has shifted dramatically. Prices are rising month over month. We have had a 14% increase in prices over the past 12 months and this is accelerating. We just had a 2% increase in the last month from previous month.
Why is this happening? Many reasons:

1) Net migration into Calgary is up. 
Migration is one of the main drivers in house price increases.

2) Mortgage rates are low.
3) We are moving towards full employment.
4) Calgary house prices are very affordable compared to Toronto and Vancouver. Many young people are moving here.
5) Oil is over $90 and rising. And diversification is happening.
6) Very few homes on the market for buyers to choose. Low inventory!

Sellers are seeing multiple offers coming in as soon as they list their home. Some are cash offers way above list price. We are seeing unconditional Offers $50,000 and over the list price. The Attached and Row markets are following the detached market.

The apartment market is not as hectic and is a balanced market right now. But sales have dramatically increased. We are seeing sales closing in on the sales of 2007. The apartment market is turning and given the right conditions may follow the surge we had in 2007.

What is your Calgary house worth right now? 


I have sold a property at 3114 43 STREET in Calgary
I have sold a property at 3114 43 STREET in Calgary.
** BRAND NEW ** French Country Style, 2 Storey infill, nestled on a whisper quiet tree lined street in Glenbrook! Check out these these stunning features: chef's kitchen with 10' quartz island & high end appliance package, 10 foot ceilings on main floor / 9 foot ceilings upper & basement, upper office/loft area, cozy gas fireplace, amazing master retreat with 5-piece spa like master bath/roughed-in steam shower/walk-in closet/heated floors, chic hardwood flooring/tile flooring, built-ins in EVERY closet, large dining room with stylish/customizable feature wall, large functional mudroom, roughed-in in-floor heat (in-slab) & roughed-in A/C, double detached garage (20x20), good sized backyard with large deck & BBQ line, basement wet bar, towering vaulted ceilings in master bedroom, 3+1 bedrooms, 3.5 baths, upper laundry room with sink & much more! Location is unbeatable - in the heart of Glenbrook on a whisper quiet/tree lined street, all schools close by, only 10 min to DT & easy access to all amenities! Bumper to bumper warranty (1, 2, 5, 10)! All this AND - ALL LANDSCAPING INCLUDED - sidewalks/rear deck/fences & gates/stucco privacy wall & sod! Possession - August 2022! Please note that pictures are of a recent build but the end product will be similar.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos 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. Used under license.