In 2023, the Calgary real estate market has witnessed a significant transformation, driven by a combination of economic recovery, technological advancements, and changing buyer preferences.
Post-pandemic economic resurgence has played a pivotal role in boosting consumer confidence, leading to an uptick in both residential and commercial property transactions.
The energy sector, a cornerstone of Calgary’s economy, has seen a rebound, and with it, an influx of professionals seeking housing in the city.
This demand, coupled with historically low-interest rates, has led to a competitive market environment, with multiple offers becoming commonplace for well-priced listings.
According to Zolo, there has been a 6.6% y-o-y increase in home prices in 2023.
The Calgary real estate market has shown resilience and growth over the past year, with average home prices increasing. This suggests that it's a good time for both buyers looking for long-term investment and sellers aiming for a profitable sale.
Zolo's data shows that single-family homes are the most popular property type, followed by condos and townhouses.
Single-family homes are the most sought-after property type in Calgary, making them a good investment option. Condos and townhouses also have a significant demand but are generally considered more affordable options for first-time buy
According to Zolo, the average days on market for homes in Calgary is around 40-50 days.
Properties in Calgary typically stay on the market for about 40-50 days. This is a moderate timeframe, suggesting a balanced market that neither heavily favors buyers nor sellers.
Downtown Calgary, Beltline, and Signal Hill are some of the best neighborhoods for real estate investment, based on consistent growth in property values. These areas are popular due to their proximity to amenities and strong community vibes.
Are you a real estate lawyer or a law firm looking to get more leads? Get connected with people searching for your services.
Find and take control of any listings your real estate law firm has on Find Attorney platform for free today!
We make it easy to put your services in front of a large, relevant audience - both buyers and sellers - who are actively looking for a law firm.
Personal injury cases are complex and emotionally draining, especially because of the uncertainty attached to the whole process when you are already suffering from the injuries that have also impacted your financial and emotional well-being. Hiring a personal injury attorney can help you navigate the entire procedure with easy, and can take some of the […]
Creating a will and estate plan is one of the most important steps you can take to ensure that your assets and loved ones are taken care of after you’re gone. While the topic may seem daunting, it doesn’t have to be. This comprehensive guide aims to simplify the process for residents of Alberta, providing […]
Divorce is a challenging and emotional process, but understanding the legal steps involved can make it a bit easier to navigate. If you’re considering filing for divorce in Alberta, this guide aims to simplify the procedure for you. Our goal is to help you find clarity during this difficult time and guide you towards the […]