
Calgary Housing Market Update (August 2023): Why Are Condo Prices Rising So Fast?
Calgary's benchmark price reached $566,000 in August 2023 as row homes rose 13.6% and condos 7.7% year-over-year on record-low supply.
Monthly Calgary (CREB) housing market updates

Calgary's benchmark price reached $566,000 in August 2023 as row homes rose 13.6% and condos 7.7% year-over-year on record-low supply.

Calgary's benchmark price rose to $563,100 in July 2023 as sales eased 16% for the summer but inventory stayed 35%

Calgary's benchmark price rose to $560,300 in June 2023 with supply at 1.1 months and inventory 36% below last year.

Calgary sold 3,117 homes in May 2023 — the busiest May since at least 2014 — with inventory down 38%

Calgary's benchmark price reached $545,100 in April 2023 with supply at just 1.2 months and homes selling in 24 days.

Calgary's benchmark price rose to $535,100 in March 2023 as supply tightened to 1.3 months and inventory sat 26% below

Calgary's benchmark price rose 2% in February 2023 to $526,500 as sales jumped 45% on the month and supply tightened

Calgary's benchmark price eased to $516,300 in January 2023 — the low point of the correction — as sales fell

Calgary closed 2022 with a benchmark price of $518,800, up 11.8% on the year despite a mid-year peak and correction.