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14

CALGARY REGIONAL HOUSING MARKET STATISTICS


Calgary resale housing market moves toward more balanced conditions
Price growth eases as supply improves
Calgary, November 3, 2014 Continued double-digit gains in

the condominium apartment sector helped to fuel a 10 per cent


increase in Calgarys residential resale housing market in
October. Overall sales for the month totaled 2,147 units,
compared with 1,948 during the same period last year.
Two consecutive years of relatively strong employment and
population growth, combined with rising wages and low lending
rates, have supported demand growth in our housing sector,
said CREB chief economist Ann-Marie Lurie.
With a 14 per cent gain, the citys condominium apartment sector
recorded the largest year-over-year growth. It represents the
sixth consecutive month that sales in this category have
increased by double digits due, in large part, to better selection
of relatively affordable product. More than half of this years new
listings have been priced below $300,000.
Tight rental market conditions combined with low mortgage
rates have supported demand growth for condominium product
in Calgary, said CREB president Bill Kirk, noting apartment sales
have also set a year-to-date record, totaling 4,202 units. Much
of this demand is coming from both first-time homebuyers and
investors.
While sales improved, year-to-date condominium apartment
listings also increased by nearly 30 per cent to 6,528 units. The
pace of growth has exceeded sales growth causing a rise in
inventory levels.
Rising listings relative to sales activity has caused apartment
inventories to improve, said Kirk. This has pushed this sector
into more balanced territory, reducing some upward pricing
pressures and giving buyers more options.
Meanwhile, year-over-year condominium townhouse sales
growth eased to eight per cent in October compared to the

same period last year. Year-to-date sales, however, are still up 19


per cent to 3,303 units. New listings have similarly kept pace,
creating access to more inventory for buyers.
Much like the condominium sectors, October sales in the singlefamily market experienced healthy gains, growing by 9.7 per cent
to 1,462 units compared to same period last year. Meanwhile,
new listings totaled 1,871 units. Year-to-date single-family sales
and new listings have totaled 15,301 and 21,890 units
respectively.
As of October, only 18 per cent of new single-family listings were
priced below $400,000 and only 387 remained in inventory by
the end of the month
While buyers can still find single-family product priced under
this threshold in Calgary, the selection has consistently declined
over the past four years, said Kirk. As our market moves into
more balanced conditions, there has been a notable shift in the
composition of the market. Not only do condominiums represent
a larger share of total activity, but product availability by price
range and property type has shifted.
Single-family, apartment and townhouse benchmark prices
totaled a respective $513,500, $299,800, and $337,800 in
October. While all sectors saw unadjusted monthly prices level
off and growth ease, year-over-year increases remained above
nine per cent across all categories due to gains achieved this
past spring.
All citywide resale segments have recorded a moderate easing
of supply constraints, which should help stabilize prices as we
approach the end of the calendar year, said Lurie. Nonetheless,
consumers should be aware that market conditions can vary
significantly depending on the location and property type.

CALGARY BENCHMARK PRICE


70%

500,000

60%

450,000

50%

400,000
350,000

40%

300,000

30%

250,000
20%

200,000

10%

150,000

0%

100,000

-10%

50,000

-20%

Total Benchmark Price change

CREB Calgary Regional Housing Market Statistics

Total Benchmark Price

Source: CREB

page 1 d

CREB - SUMMARY STATS


Oct-13
Oct-13
CREB TOTAL RESIDENTIAL
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CITY OF CALGARY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB TOWNS
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CRES
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Median Price

Oct-14

Oct-14

Y/Y % Change

2013 YTD

2014 YTD

Y/Y % Change

2,541
2,911
$1,149,251,283 $1,396,290,498
3,451
3,917
6,944
7,294
0.74
0.74
97.62%
97.80%
46
45
$452,283
$479,660
$412,300
$451,300
194
213

14.56%
21.50%
13.50%
5.04%
0.93%
0.18%
-3.88%
6.05%
9.46%
9.47%

26,803
$12,057,133,212
40,822
N/A
0.66
97.61%
43
$449,843

30,541
$14,543,569,800
45,294
N/A
0.67
98.14%
35
$476,198

13.95%
20.62%
10.95%

1,948
2,147
$893,460,726 $1,048,753,384
2,521
2,919
3,841
4,428
0.77
0.74
97.76%
97.89%
40
37
$458,655
$488,474
$420,700
$460,700
197
215

10.22%
17.38%
15.79%
15.28%
-4.81%
0.12%
-6.46%
6.50%
9.51%
9.51%

20,579
$9,396,165,982
29,354
N/A
0.70
97.78%
37
$456,590

22,806
$11,021,038,857
32,862
N/A
0.69
98.37%
31
$483,252

382
$145,303,813
513
1,390
0.74
97.51%
59
$380,376
$346,900
178

486
$200,244,517
595
1,251
0.82
98.15%
56
$412,026
$379,600
195

27.23%
37.81%
15.98%
-10.00%
9.69%
0.64%
-5.31%
8.32%
9.43%
9.43%

3,921
$1,440,543,687
6,207
N/A
0.63
97.64%
67
$367,392

4,934
$1,958,963,144
6,988
N/A
0.71
98.18%
53
$397,033

80
$66,208,406
185
1,007
0.43
96.08%
110
$827,605
$715,000

92
$78,790,800
177
874
0.52
96.00%
103
$856,422
$702,250

15.00%
19.00%
-4.32%
-13.21%
20.20%
-0.08%
-6.44%
3.48%
-1.78%

828
$666,679,626
2,463
N/A
0.34
95.21%
101
$805,169

955
$831,362,563
2,368
N/A
0.40
95.49%
94
$870,537

2.70%
0.53%
-18.60%
5.86%

10.82%
17.29%
11.95%
-1.01%
0.59%
-16.22%
5.84%

25.84%
35.99%
12.58%
11.77%
0.54%
-20.90%
8.07%

15.34%
24.70%
-3.86%
19.97%
0.29%
-6.93%
8.12%

For a list of definitions, see page 20.

CREB Calgary Regional Housing Market Statistics

page 2

CREB SUMMARY STATISTICS CITY OF CALGARY


Oct-13
SINGLE FAMILY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO APARTMENT
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO TOWNHOUSE
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index

Oct-14

Oct-13

Oct-14

Y/Y % Change

2013 YTD

2014 YTD

Y/Y % Change

1,333
$688,327,573
1,736
2,705
0.77
97.78%
38
$516,375
$468,000
199

1,462
$811,777,458
1,871
2,780
0.78
97.87%
37
$555,251
$513,500
218

9.68%
17.93%
7.78%
2.77%
1.76%
0.09%
-3.97%
7.53%
9.72%
9.72%

14,328
$7,410,284,950
20,675
N/A
0.69
97.84%
35
$517,189

15,301
$8,456,974,643
21,890
N/A
0.70
98.41%
30
$552,707

6.79%
14.12%
5.88%

337
$104,272,803
450
692
0.75
97.42%
43
$309,415
$276,100
193

385
$124,107,822
616
1,088
0.63
97.69%
40
$322,358
$299,800
209

14.24%
19.02%
36.89%
57.23%
-16.54%
0.27%
-7.01%
4.18%
8.58%
8.61%

3,482
$1,041,362,109
5,030
N/A
0.69
97.30%
42
$299,070

4,202
$1,364,778,878
6,528
N/A
0.64
97.96%
36
$324,793

278
$100,860,350
335
444
0.83
98.02%
43
$362,807
$307,800
190

300
$112,868,104
432
568
0.69
98.20%
36
$376,227
$337,800
208

7.91%
11.91%
28.96%
27.93%
-16.32%
0.18%
-16.76%
3.70%
9.75%
9.75%

2,769
$944,518,923
3,649
N/A
0.76
97.86%
37
$341,105

3,303
$1,199,285,336
4,444
N/A
0.74
98.53%
30
$363,090

CREB Calgary Regional Housing Market Statistics

0.86%
0.57%
-14.29%
6.87%

20.68%
31.06%
29.78%
-7.01%
0.65%
-14.29%
8.60%

19.28%
26.97%
21.79%
-2.05%
0.67%
-18.92%
6.45%

page 3

MLS HPI SUMMARY


October 2014
Benchmark Price
Index (HPI)

Sep-14

Apr-14

% Changes
Oct-13

Oct-11

Oct-09

CREB TOTAL RESIDENTIAL


Single Family
Townhouse
Apartment
COMPOSITE

494,800
336,800
298,600
451,300

214
208
209
213

0.1%
0.4%
0.4%
0.2%

3.4%
4.6%
2.9%
3.5%

9.6%
9.7%
8.6%
9.5%

27.0%
19.3%
25.2%
26.0%

27.6%
21.0%
23.0%
26.1%

CREB TOWNS
Single Family
Townhouse
Apartment
COMPOSITE

383,300
286,500
211,200
379,600

195
201
178
195

-0.2%
0.0%
0.7%
-0.1%

4.1%
1.6%
8.3%
4.2%

9.3%
8.9%
14.4%
9.4%

19.8%
19.6%
24.9%
19.9%

19.2%
20.1%
14.2%
19.2%

CREB CITY OF CALGARY


Single Family
Townhouse
Apartment
COMPOSITE

513,500
337,800
299,800
460,700

218
208
209
215

0.1%
0.4%
0.3%
0.2%

3.4%
4.7%
2.8%
3.4%

9.7%
9.7%
8.6%
9.5%

28.5%
19.4%
25.3%
26.9%

29.3%
21.0%
23.0%
27.2%

CREB Calgary Regional Housing Market Statistics

page 4

COMPARISONS

Benchmark Price - October


600,000
500,000
400,000
300,000
200,000
100,000
1 storey

2 Storey

CREB Total Residential

Total SF

CREB City of Calgary

Months of Supply - October

Townhouse

Total Composite
Source: CREB

CREB Towns

Sales Distribution - October

7.0

120%

6.0

100%

5.0

80%

4.0

3.16%
15.08%

17.93%

14.08%

13.97%

67.88%

68.10%

7.00%
15.43%

60%

3.0
2.0

40%

1.0

20%

Apartment

Months of Supply SF

Months of Supply
Townhouse

CREB Total Residential


CREB Towns

Months of Supply
Apartment

77.57%

0%
CREB Total
Residential

CREB City of
Calgary

CREB Towns

CREB City of Calgary


Single Family

Source: CREB

CALGARY INDEX VALUE

Townhouse

Apartment

CRES

Source: CREB

CALGARY INDEX YEAR OVER YEAR COMPARISON


15%

230
220

10%

210

5%

200
190

0%

180
170

-5%

160

-10%

150

Index Value Single Family

Index Value Tonwhouse

Index Value Apartment

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Y/Y Index Price Change


Apartment Y/Y Index Price Change
Townhouse Y/Y Price Change

Source: CREB

page 5 d

CREB CITY OF CALGARY


Jan.
01/01/13
1,229
2,493
3,084
50
439,763
390,700
183
01/01/14
1,438
2,394
2,524
40
462,234
428,200
200

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

T41548
Calgary Total
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-13
10/01/13
2
66
330
274
265
240
208
155
99
74
48
60
40
30
23
13
7
2
7
5
1,948

Feb.
02/01/13
1,706
2,670
3,539
38
457,349
395,200
185
02/01/14
1,850
2,709
2,892
30
482,783
433,500
203

T41913
Oct-14
10/01/14
32
324
240
284
280
226
185
138
90
76
97
76
34
25
18
7
5
6
2
1
1
2,147

CREB Calgary Regional Housing Market Statistics

Mar.
03/01/13
2,107
3,192
4,007
35
461,038
399,700
187
03/01/14
2,482
3,318
3,233
28
484,911
439,500
205

T2013
YTD2013
10/01/13
17
833
3,749
2,712
2,895
2,543
1,955
1,429
1,039
773
542
781
438
235
288
142
73
46
48
25
3
5
8
20,579

Apr.
04/01/13
2,374
3,475
4,366
33
445,955
405,500
190
04/01/14
2,540
3,754
3,794
27
478,759
445,500
208

May
05/01/13
2,534
3,714
4,743
32
461,006
408,900
191
05/01/14
2,944
4,327
4,504
27
486,371
452,100
211

Jun.
06/01/13
2,306
2,998
4,584
35
466,384
411,300
192
06/01/14
2,665
3,815
4,726
29
492,147
457,100
214

Jul.
07/01/13
2,264
2,725
4,092
39
460,181
413,400
193
07/01/14
2,329
3,219
4,659
33
482,523
458,300
214

Aug.
08/01/13
2,192
2,773
3,898
38
453,859
416,400
195
08/01/14
2,264
3,149
4,596
35
477,541
459,000
215

Sept.
09/01/13
1,919
2,793
3,922
36
454,151
417,000
195
09/01/14
2,147
3,258
4,589
36
487,398
459,600
215

Oct.
10/01/13
1,948
2,521
3,841
40
458,655
420,700
197
10/01/14
2,147
2,919
4,428
37
488,474
460,700
215

Nov.
11/01/13
1,724
1,824
3,156
40
458,157
423,500
198
11/01/14
63
79
4,788
36
398,423
NA
NA

Dec.
12/01/13
1,171
972
2,236
46
454,387
424,700
199
12/01/14
NA
NA
NA
NA
NA

YTD
12/01/13
23,474
32,150
37
456,595

10/01/14
22,806
32,862
31
483,252

T2014
YTD2014
10/01/14
5
418
3,527
2,647
3,107
2,951
2,385
1,907
1,353
963
795
1,029
647
323
320
190
96
52
49
17
12
8
5
22,806

CALGARY YTD SALES BY PRICE RANGE


YTD OCTOBER

35%
30%
25%
20%
15%
10%
5%
0%

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 6 d

CITY OF CALGARY

CALGARY YTD TOTAL SALES

CALGARY YTD TOTAL NEW LISTINGS


YTD-OCTOBER

25,000

YTD-OCTOBER

45,000
40,000

20,000

35,000
30,000

15,000

25,000
20,000

10,000

15,000

5,000

10,000

5,000

SF Sales
TH Sales

Apartment Sales
10 Year Average

SF New Listings
TH New Listings

Source: CREB

CALGARY MONTHS OF INVENTORY

CALGARY INVENTORY AND SALES


5,000

500,000

4,500

450,000

4,000

400,000

3,500

350,000

3,000

300,000

2,500

250,000

2,000

200,000

1,500

150,000

1,000

100,000
50,000

500

Inventory

Sales

Benchmark Price

Apartment New Listings


10 Year Average
Source: CREB

5
4
3
2
1
-

Months of Supply 3 month MA

Source: CREB

CALGARY PRICE CHANGE COMPARISON

Source: CREB

CALGARY PRICES
520,000

14%

500,000

12%
10%

480,000

8%

460,000

6%

440,000

4%

420,000

2%

400,000

0%

380,000

-2%

360,000

-4%

340,000

-6%

320,000

Average Price Y/Y% Change


Index Y/Y% Change

Y/Y Median Price Change


Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price
Benchmark Price

Median Price

Source: CREB

page 7 d

CREB CITY OF CALGARY SINGLE FAMILY


Jan.
01/01/13
878
1,732
2,075
47
496,821
436,900
185
01/01/14
973
1,581
1,671
40
520,678
476,700
202

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

SF41548
Calgary SF
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-13
10/01/13
1
2
86
155
204
199
174
142
91
67
42
55
36
29
20
12
6
1
7
4
1,333

Feb.
02/01/13
1,207
1,874
2,408
37
518,480
442,500
188
02/01/14
1,229
1,779
1,894
29
550,531
482,800
205

SF41913
Oct-14
10/01/14
2
49
100
198
228
192
165
122
85
74
88
70
30
20
18
7
5
5
2
1
1
1,462

CREB Calgary Regional Housing Market Statistics

Mar.
03/01/13
1,479
2,233
2,727
33
518,468
446,500
190
03/01/14
1,695
2,197
2,052
27
556,726
490,600
208

SF2013
YTD2013
10/01/13
3
43
1,018
1,649
2,285
2,185
1,736
1,298
946
708
504
740
420
221
251
131
68
41
45
20
3
5
8
14,328

Apr.
04/01/13
1,606
2,406
2,977
31
509,942
452,900
192
04/01/14
1,733
2,581
2,445
25
547,220
496,700
211

May
05/01/13
1,758
2,657
3,311
31
521,226
456,900
194
05/01/14
2,024
2,945
2,919
26
554,745
504,300
214

Jun.
06/01/13
1,630
2,146
3,199
33
526,021
459,700
195
06/01/14
1,765
2,598
3,128
28
562,714
509,700
216

Jul.
07/01/13
1,573
1,956
2,917
37
524,976
461,600
196
07/01/14
1,549
2,135
3,056
32
553,490
511,600
217

Aug.
08/01/13
1,513
1,963
2,791
37
517,206
464,700
197
08/01/14
1,474
2,058
3,021
34
545,005
512,300
217

Sept.
09/01/13
1,351
1,972
2,789
37
512,296
463,700
197
09/01/14
1,397
2,145
2,961
35
567,863
512,800
218

Oct.
10/01/13
1,333
1,736
2,705
38
516,375
468,000
199
10/01/14
1,462
1,871
2,780
37
555,251
513,500
218

Nov.
11/01/13
1,193
1,233
2,171
39
515,491
470,600
200
11/01/14
33
50
3,108
39
469,247
NA
NA

Dec.
12/01/13
772
649
1,515
45
527,634
472,200
200
12/01/14
NA
NA
NA
NA
NA

YTD
12/01/13
16,293
22,557
36
517,560

10/01/14
15,301
21,890
30
552,707

SF2014
YTD2014
10/01/14
1
22
475
1,157
2,135
2,390
2,032
1,686
1,219
890
733
963
608
301
299
170
87
50
47
16
8
8
4
15,301

CALGARY YTD SINGLE FAMILY SALES BY PRICE RANGE


YTD OCTOBER

40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 8 d

CITY OF CALGARY SINGLE FAMILY

CALGARY YTD SINGLE FAMILY NEW LISTINGS

CALGARY YTD SINGLE FAMILY SALES


YTD-OCTOBER

18,000
16,000

YTD-OCTOBER

35,000
30,000

14,000

25,000

12,000
10,000

20,000

8,000

15,000

6,000

10,000

4,000

5,000

2,000

SF Sales

10 Year Average

SF New Listings

Source: CREB

3,500

600,000

3,000

500,000

400,000

2,000

300,000

1,500

Source: CREB

CALGARY SINGLE FAMILY MONTHS OF INVENTORY

CALGARY SINGLE FAMILY INVENTORY AND SALES

2,500

10 Year Average

5
4
3

200,000

1,000

100,000

500

SF Inventory

SF Sales

SF Benchmark Price

2
1
-

SF Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY SINGLE FAMILY PRICES

CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON

600,000

15%

550,000

10%
5%

500,000

0%

450,000

-5%

400,000

-10%

350,000

SF Average Price Y/Y% Change


Index Y/Y% Change

SF Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Average Price
SF Benchmark Price

SF Median Price

Source: CREB

page 9 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE


Jan.
01/01/13
147
310
369
52
320,590
285,100
176
01/01/14
206
328
277
38
371,347
312,300
193

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TH41548
Calgary Townhouse
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-13
10/01/13
1
15
98
62
27
21
21
9
5
6
4
2
2
1
2
1
1
278

Feb.
02/01/13
220
343
427
38
337,071
287,600
177
02/01/14
264
357
324
28
376,993
316,200
195

TH41913
Oct-14
10/01/14
8
82
85
51
18
16
11
8
2
1
8
5
1
3
1
300

CREB Calgary Regional Housing Market Statistics

Mar.
03/01/13
282
399
484
39
355,757
291,200
180
03/01/14
342
458
389
26
355,195
317,500
196

TH2013
YTD2013
10/01/13
3
225
1,100
543
311
199
119
67
56
47
23
21
12
9
23
6
2
1
1
1
2769

Apr.
04/01/13
339
454
518
36
338,474
295,100
182
04/01/14
360
487
445
25
347,169
322,700
199

May
05/01/13
365
423
503
33
340,889
297,400
183
05/01/14
409
578
529
28
360,981
327,900
202

Jun.
06/01/13
318
362
489
40
346,293
300,900
186
06/01/14
427
504
523
28
356,803
331,100
204

Jul.
07/01/13
294
303
407
38
326,728
300,900
186
07/01/14
339
428
536
31
365,769
333,000
205

Aug.
08/01/13
282
359
417
34
333,673
303,200
187
08/01/14
338
441
515
34
377,958
334,500
206

Sept.
09/01/13
244
361
450
31
338,569
306,300
189
09/01/14
318
431
552
33
352,813
336,300
207

Oct.
10/01/13
278
335
444
43
362,807
307,800
190
10/01/14
300
432
568
36
376,227
337,800
208

Nov.
11/01/13
228
238
380
39
358,625
308,700
190
11/01/14
15
11
566
27
295,879
NA
NA

Dec.
12/01/13
179
112
242
48
332,893
311,600
192
12/01/14
NA
NA
NA
NA
NA

YTD
12/01/13
3,176
3,999
38
341,900

10/01/14
3,303
4,444
30
363,090

TH2014
YTD2014
10/01/14
85
1,008
883
508
251
204
105
69
43
47
40
22
5
15
11
6
1
3303

CALGARY YTD TOWNHOUSE SALES BY PRICE RANGE


YTD OCTOBER

50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 10 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

CALGARY YTD TOWNHOUSE NEW LISTINGS

CALGARY YTD TOWNHOUSE SALES


YTD-OCTOBER

3,500
3,000

YTD-OCTOBER

6,000
5,000

2,500

4,000

2,000

3,000

1,500
2,000

1,000

1,000

500

Townhouse Sales

10 Year Average

CALGARY TOWNHOUSE INVENTORY AND SALES


600
500

350,000

250,000
200,000

300

150,000

200
100
-

TH Inventory

TH Sales

TH Benchmark Price

10 Year Average

Source: CREB

CALGARY TOWNHOUSE MONTHS OF INVENTORY


400,000

300,000
400

Townhouse New Listings

Source: CREB

5
4
3

100,000

50,000

TH Months of Supply 3 month MA

Source: CREB

Source: CREB

CALGARY TOWNHOUSE PRICES

CALGARY TOWNHOUSE PRICE CHANGE COMPARISON

400,000

25%

380,000

20%

360,000

15%

340,000
320,000

10%

300,000

5%

280,000

0%

260,000

-5%

240,000

-10%

220,000

TH Average Price Y/Y % Change


Index Y/Y% Change

TH Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

TH Average Price
TH Benchmark Price

Median Price

Source: CREB

page 11 d

CITY OF CALGARY CONDOMINIUM APARTMENTS


Jan.
01/01/13
204
451
640
62
280,067
251,300
176
01/01/14
259
485
577
42
314,966
280,600
196

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

A41548
Calgary Apartment
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-13
10/01/13
49
146
57
34
20
13
4
3
1
2
3
2
1
1
1
337

Feb.
02/01/13
279
453
704
45
287,733
252,900
177
02/01/14
357
573
677
33
327,788
283,400
198

A41913
Oct-14
10/01/14
22
193
55
35
34
18
9
8
3
1
1
1
3
2
385

CREB Calgary Regional Housing Market Statistics

Mar.
03/01/13
346
560
796
41
301,358
257,700
180
03/01/14
445
663
791
31
311,064
287,200
201

A2013
YTD2013
10/01/13
11
565
1,631
520
299
159
100
64
37
18
15
20
6
5
14
5
3
4
2
4
3,482

Apr.
04/01/13
429
615
871
41
291,345
261,300
183
04/01/14
447
686
898
34
319,319
291,700
204

May
05/01/13
411
634
929
35
310,096
263,600
184
05/01/14
511
804
1,051
34
315,914
295,400
206

Jun.
06/01/13
358
490
896
38
301,523
264,000
184
06/01/14
473
713
1,071
37
351,010
299,700
209

Jul.
07/01/13
397
466
768
50
302,278
267,600
187
07/01/14
441
656
1,070
40
323,002
298,100
208

Aug.
08/01/13
397
451
690
43
297,807
270,600
189
08/01/14
452
650
1,056
40
332,006
298,200
208

Sept.
09/01/13
324
460
683
39
298,743
272,900
191
09/01/14
432
682
1,081
39
326,263
298,800
209

Oct.
10/01/13
337
450
692
43
309,415
276,100
193
10/01/14
385
616
1,088
40
322,358
299,800
209

Nov.
11/01/13
303
353
605
43
307,308
279,600
195
11/01/14
15
18
1,114
39
344,143
NA
NA

Dec.
12/01/13
220
211
479
50
296,207
278,600
195
12/01/14
NA
NA
NA
NA
NA

YTD
12/01/13
4,005
5,594
43
299,536

10/01/14
4,202
6,528
36
324,793

A2014
YTD2014
10/01/14
4
311
2,044
607
464
310
149
116
65
30
15
26
17
17
6
9
3
2
1
1
4
1
4,202

CALGARY YTD APARTMENT SALES BY PRICE RANGE


YTD OCTOBER

60%
50%
40%
30%
20%
10%
0%

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 12 d

CITY OF CALGARY CONDOMINIUM APARTMENTS

CALGARY YTD APARTMENT NEW LISTINGS

CALGARY YTD APARTMENT SALES


YTD-OCTOBER

4,500
4,000

YTD-OCTOBER

9,000
8,000

3,500

7,000

3,000

6,000

2,500

5,000

2,000

4,000

1,500

3,000

1,000

2,000

500

1,000

Apartment Sales

10 Year Average

1,200

350,000

1,000

300,000
250,000
200,000

600

150,000

400
200
-

Apartment Inventory
Apartment Benchmark Price

10 Year Average

Source: CREB

CALGARY APARTMENT MONTHS OF INVENTORY

CALGARY APARTMENT INVENTORY AND SALES

800

Apartment New Listings

Source: CREB

8
7
6
5
4
3

100,000

50,000

Apartment Sales
Source: CREB

CALGARY APARTMENT PRICE CHANGE COMPARISON

Apartment Months of Supply 3 month MA

Source: CREB

CALGARY APARTMENT PRICES

25%

360,000

20%

340,000

15%

320,000

10%

300,000

5%
0%

280,000

-5%

260,000

-10%

240,000

-15%

220,000

-20%

200,000

Apartment Average Price Y/Y% Change


Median Price Change
Index Y/Y% Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

Apartment Average Price


Benchmark Price

Median Price

Source: CREB

page 13 d

CREB TOWNS
Jan.
01/01/13
245
542
1,218
82
349,213
331,900
171
01/01/14
251
551
1,141
68
379,053
351,300
181

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

TO41548
CREB Towns
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-13
10/01/13
1
41
71
57
86
43
24
16
15
5
7
8
3
2
2
1
382

Feb.
02/01/13
256
559
1,381
69
338,531
333,000
171
02/01/14
358
544
1,202
56
387,568
354,300
182

TO41913
Oct-14
10/01/14
2
29
87
70
82
68
40
48
22
10
8
11
1
4
2
1
1
486

CREB Calgary Regional Housing Market Statistics

Mar.
03/01/13
364
659
1,533
55
364,728
336,900
173
03/01/14
494
705
1,243
49
392,572
360,300
185

TO2013
YTD2013
10/01/13
44
382
855
620
665
507
338
178
108
74
43
43
21
15
14
4
5
5
3,921

Apr.
04/01/13
431
765
1,705
66
365,877
340,000
175
04/01/14
582
812
1,344
46
396,006
364,400
187

May
05/01/13
485
773
1,767
64
367,972
344,700
177
05/01/14
626
930
1,492
44
410,643
370,800
191

Jun.
06/01/13
470
586
1,606
62
370,550
345,700
178
06/01/14
626
836
1,525
46
394,216
373,900
192

July.
07/01/13
480
671
1,570
60
374,672
347,200
178
07/01/14
558
726
1,499
53
398,358
375,500
193

Aug.
08/01/13
431
590
1,517
57
364,998
348,200
179
08/01/14
484
657
1,449
46
391,595
377,200
194

Sept.
09/01/13
377
549
1,443
58
378,736
346,100
178
09/01/14
469
632
1,364
55
393,952
379,900
195

Oct.
Nov.
10/01/13
11/01/13
382
317
513
379
1,390
1,241
59
64
380,376
392,647
346,900
349,400
178
180
10/01/14
11/01/14
486
195
595
225
1,251
1,786
56
32
412,026
406,569
379,600 NA
195 NA

Dec.
12/01/13
201
218
1,008
65
376,726
350,000
180
12/01/14
NA
NA
NA
NA
NA

YTD
12/01/13
4,439
6,804
68
369,618

10/01/14
4,934
6,988
53
397,033

TO2014
YTD2014
10/01/14
24
307
967
679
799
704
510
365
229
119
62
78
26
15
26
12
8
2
1
1
4,934

CREB TOWNS YTD SALES BY PRICE RANGE


YTD OCTOBER

40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2012

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 14 d

CREB TOWNS

CREB TOWNS YTD TOTAL SALES

CREB TOWNS YTD TOTAL NEW LISTINGS

6,000

9,000

5,000

8,000

4,000

6,000

7,000
5,000

3,000

4,000
3,000

2,000

2,000

1,000

1,000
0

SF Sales
TH Sales

Apartment Sales
10 Year Average

SF New Listings
TH New Listings

Source: CREB

CREB TOWNS MONTHS OF INVENTORY

CREB TOWNS INVENTORY AND SALES


1,800

400,000

12

1,600

350,000

1,400

10

300,000

1,200

250,000

1,000
800
600

150,000

400
200

50,000
-

Inventory

Sales

Benchmark Price

200,000

100,000

Apartment New Listings


Source: CREB
10 Year Average

2
-

Months of Supply 3 month MA

Source: CREB

CREB TOWNS PRICE CHANGE COMPARISON

Source: CREB

CREB TOWNS PRICES


430,000

20%

410,000

15%

390,000

10%

370,000

5%

350,000

0%

330,000
310,000

-5%

290,000

-10%

270,000

-15%

250,000

Average Price Y/Y% Change


Index Y/Y% Change

Median Price Change


Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price

Median Price

Benchmark Price
Source: CREB

page 15 d

CREB COUNTRY RESIDENTIAL


Jan.
01/01/13
34
239
741
155
901,203
01/01/14
59
198
649
100
745,115

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price

C41548
CRES
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-13
10/01/13
1
2
1
1
4
6
3
5
6
9
10
9
8
3
6
3
1
1
1
80

Feb.
02/01/13
72
212
761
104
831,221
02/01/14
60
209
696
126
885,458

C41913
Oct-14
10/01/14
1
5
3
3
5
7
5
8
8
7
5
8
10
10
1
2
3
1
92

CREB Calgary Regional Housing Market Statistics

Mar.
03/01/13
72
258
897
107
774,036
03/01/14
98
216
729
87
851,814

C2013
YTD2013
10/01/13
5
13
41
28
31
39
44
45
46
52
57
97
73
67
84
47
26
10
14
4
1
3
1
828

Apr.
04/01/13
84
294
1,001
105
830,942
04/01/14
96
223
779
102
941,363

May
05/01/13
106
337
1,123
91
750,207
05/01/14
131
363
932
86
919,840

Jun.
06/01/13
99
269
1,138
87
814,436
06/01/14
115
304
983
86
805,201

Jul.
07/01/13
90
237
1,132
96
811,453
07/01/14
103
262
1,028
97
877,140

Aug.
08/01/13
95
222
1,157
105
754,478
08/01/14
97
219
1,053
83
899,363

Sept.
09/01/13
96
210
1,034
98
829,119
09/01/14
104
197
948
91
874,549

Oct.
10/01/13
80
185
1,007
110
827,605
10/01/14
92
177
874
103
856,422

Nov.
11/01/13
79
107
812
110
937,556
11/01/14
75
5,425
NA
NA

Dec.
12/01/13
49
71
638
101
941,214
12/01/14
NA
NA
NA

YTD
12/01/13
956
2,641
102
823,082
10/01/14
955
2,368
94
870,537

C2014
YTD2014
10/01/14
3
14
28
20
30
30
46
50
42
51
66
122
106
78
129
63
25
20
19
10
1
1
1
955

CRES YTD SALES BY PRICE RANGE


YTD OCTOBER

35%
30%
25%
20%
15%
10%
5%
0%

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 16 d

CREB COUNTRY RESIDENTIAL

CRES YTD TOTAL NEW LISTINGS

CRES YTD TOTAL SALES


1200

3000

1000

2500

800

2000

600

1500

400

1000

200

500

CRES Sales

10 Year Average

10 Year Average

Source: CREB

CRES MONTHS OF INVENTORY

CRES INVENTORY AND SALES


1,000,000

1,200

CRES New Listings

Source: CREB

25

900,000

1,000

800,000

800

700,000

600

500,000

600,000
400,000

400

20
15
10

300,000
200,000

200

100,000
0

Inventory

Sales

Median Price

Months of Supply 3 month MA

Source: CREB

CRES PRICE CHANGE COMPARISON

Source: CREB

CRES PRICES
1,000,000

60%

950,000

50%

900,000

40%

850,000

30%

800,000

20%

750,000

10%

700,000

0%

650,000

-10%

600,000

-20%

550,000

-30%

500,000
Average Price Y/Y% Change
Median Price Change
Average Price Y/Y% Change 3 month MA

CREB Calgary Regional Housing Market Statistics

Source: CREB

Average Price
Median Price

Average Price 3 month MA


Source: CREB

page 17 d

CREB TOTAL RESIDENTIAL


Jan.
01/01/13
1,588
3,462
5,713
59
431,889
384,300
181
01/01/14
1,842
3,307
4,830
49
455,402
419,500
198

2013
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2014
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

CT41548
CREB Total
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,999
$2,500,000 - $2,999,999
$3,000,000 - $3,499,999
$3,500,000 - $3,999,999
$4,000,000 +

Oct-13
10/01/13
5
122
441
352
373
304
246
177
121
86
66
80
53
40
26
19
12
4
8
5
1
2,541

Feb.
02/01/13
2,128
3,638
6,366
47
453,384
388,500
183
02/01/14
2,392
3,660
5,291
39
474,126
424,400
200

CT41913
Oct-14
10/01/14
6
85
452
335
401
375
284
251
166
115
94
118
84
44
40
30
8
7
10
3
1
1
1
2,911

CREB Calgary Regional Housing Market Statistics

Mar.
03/01/13
2,676
4,425
7,169
42
451,662
393,000
185
03/01/14
3,229
4,564
5,783
34
477,690
430,500
203

CT2013
YTD2013
10/01/13
124
1,372
4,919
3,607
3,823
3,272
2,427
1,713
1,229
938
669
958
553
328
394
197
105
61
64
29
4
8
9
26,803

Apr.
04/01/13
3,048
4,889
7,854
42
442,076
398,300
188
04/01/14
3,407
5,151
6,593
34
473,007
436,200
206

May
05/01/13
3,303
5,189
8,485
40
452,735
401,900
190
05/01/14
3,915
6,036
7,711
34
483,523
442,800
209

Jun.
06/01/13
3,057
4,184
8,189
42
457,543
404,000
191
06/01/14
3,641
5,373
8,090
36
480,466
447,500
211

Jul.
07/01/13
3,023
3,958
7,646
47
451,412
406,300
192
07/01/14
3,249
4,565
8,057
41
476,244
448,700
212

Aug.
08/01/13
2,894
3,850
7,550
45
445,737
408,900
193
08/01/14
3,042
4,346
7,988
39
471,855
449,400
212

Sept.
09/01/13
2,545
3,776
7,152
45
452,837
409,100
193
09/01/14
2,913
4,375
7,740
43
478,975
450,400
212

Oct.
10/01/13
2,541
3,451
6,944
46
452,283
412,300
194
10/01/14
2,911
3,917
7,294
45
479,660
451,300
213

Nov.
11/01/13
2,228
2,454
5,830
48
465,171
415,000
196
11/01/14
1,095
1,425
5,425
35
396,265
NA
NA

Dec.
12/01/13
1,497
1,348
4,437
53
458,374
416,300
196
12/01/14
NA
NA
NA
NA
NA

YTD
12/01/13
30,528
44,624
43
451,380

10/01/14
30,541
45,294
35
476,198

CT2014
YTD2014
10/01/14
62
885
4,873
3,614
4,221
3,940
3,099
2,439
1,687
1,177
945
1,274
803
432
488
267
129
77
72
27
14
9
7
30,541

CREB RESIDENTIAL YTD SALES BY PRICE RANGE


YTD OCTOBER
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2011

YTD-2012

YTD-2013

YTD-2014

Source: CREB

page 18 d

CREB TOTAL RESIDENTIAL

CREB RESIDENTIAL YTD TOTAL NEW LISTINGS

CREB RESIDENTIAL YTD TOTAL SALES


YTD-OCTOBER

35,000
30,000

50,000

25,000

40,000

20,000

30,000

15,000

YTD-OCTOBER

60,000

20,000

10,000

10,000

5,000

SF Sales
TH Sales

Apartment Sales
CRES

9,000

500,000

8,000

450,000

7,000

400,000
350,000

5,000
4,000
3,000

200,000

1,000

50,000
0

Benchmark Price

250,000

100,000

Sales

2,000

Inventory

300,000

150,000

Apartment New Listings


CRES New Listings
Source: CREB

CREB RESIDENTIAL MONTHS OF INVENTORY

CREB RESIDENTIAL INVENTORY AND SALES

6,000

SF New Listings
TH New Listings
10 Year Average

Source: CREB

2
1
-

Months of Supply 3 month MA

Source: CREB

CREB RESIDENTIAL PRICE CHANGE COMPARISON

Source: CREB

CREB RESIDENTIAL PRICES


500,000

12%

480,000

10%

460,000

8%

440,000

6%

420,000

4%

400,000

2%

380,000

0%

360,000

-2%

340,000

-4%

320,000

-6%

300,000
Average Price Y/Y Change
Index Y/Y% Change

Median Price Change


Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price

Median Price

Benchmark Price
Source: CREB

page 19 d

DEFINITIONS
SF - Single Family

LP - List Price

TH - Condominium Townhouse

Sales $ / List $ - sales price to list price ratio

Months of Supply - Active Listings (Inventory) / sales

CRES - Country residential properties

Composite - includes single family, apartment and townhouse activity

YTD - Year to Date

Average DOM - Average Days on Market for Sold properties

3 month MA - 3 month Moving Average

SP Sales Price
Benchmark Price Price of the typical home, based on the value consumers assign to various attributes
MLS Home Price Index changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period.

HOW THESE STATISTICS ARE CALCULATED


In order to align our data with the MLS Home Price Index (HPI), we made several changes to the data that we report, as well as the
monthly statistics.
The new package provides more information and data exclusions to provide a better residential picture. All the data provided
through the monthly statistics package as of March 2012, reflect these adjustments. Please note, historical PDF packages do not
include the changes.
MONTHLY STATISTICS PACKAGE
We now provide monthly statistics for: CREB Total Residential, CREB Towns, CREB Country Residential (CRES),
City of Calgary, City of Calgary Single Family, City of Calgary Apartment, City of Calgary Townhouse.
Median prices have been removed and replaced with the benchmark price and the index.
MLS HPI Summary was added.
Several trending graphs and summary stats were added for each category
All categories exclude: vacant lots, time shares, parking stalls and mobile homes on leased land.
CITY OF CALGARY
Includes sales in Zones A, B, C, D only.
Condominium Apartment includes all Condominium title properties that are classified by type as either a low-rise or
high-rise apartment.
Condominium Townhouse includes all Condominium titled properties that are not classified as an Apartment.
Historical inventories have been adjusted to reflect the adjustments made to the data.
TOTAL MLS

Changed to CREB Total Residential


Excludes: Rural Land, Country Recreational (CREC),
The exclusions applied to the data results in roughly 400 500 less sales per year.
Historical inventories have been revised to best reflect the adjustments made to the data, while Mobile Homes, Rural Land
and CREC were removed for inventories, we could not exclude vacant lots, time shares and parking stalls from historical
inventories.

CREB Towns
Includes only areas outside of Calgary in which CREB represents the majority of membership
Areas included: Airdrie, Foothills, Kneehill, Mountain View, Rocky View, Wheatland and Willow Creek.
All historical data has been revised
ABOUT CREB
CREB is a professional body of more than 5,100 licensed brokers and registered associates, representing 245 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.
For Calgary Metro, CREB statistics include only Zone A, B, C and D for properties located in Calgary. Furthermore, all historical data
has been adjusted to the most current information.
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 companys market share. All MLS active listings for Calgary and area may be found on the
boards website at www.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 Calgary Regional Housing Market Statistics

page 20 d