
Edmonton’s Resale Real Estate Market Set for Growth in 2023
Edmonton's resale real estate market defies expectations as prices are predicted to rise by 1.5% in 2023. Despite higher borrowing
Alberta real estate news and analysis for buyers, sellers and investors, from Calgary and Edmonton market conditions to changes in how homes are bought and financed.

Edmonton's resale real estate market defies expectations as prices are predicted to rise by 1.5% in 2023. Despite higher borrowing

According to the Calgary Real Estate Board, the housing market in Calgary achieved a new record for number of sales.

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

In a surprising turn of events, the Canadian housing market is experiencing a shortage of new home listings, with homeowners

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.