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A Look Back at Calgary's Detached Housing Market in 2019

Posted by John Mayberry on Thursday, January 16th, 2020 at 9:25am.

Wondering how the detached market fared in 2019? Check out some bullet points we grabbed from the 2020 CREB Forecast…

  • Detached home sales dropped slightly from 2018, ultimately making it one of the slowest years of sales since the mid-1990s. 
  • Nearly 60 percent of the detached home inventory is priced over $500,000.
  • The North West and South districts saw an improvement in detached home sales while all other districts registered a decline in overall sales. Calgary’s North District saw the largest decline year-over-year. 
  • Many home builders with a presence in Calgary have adjusted their prices to be more competitive with the resale market, ultimately shifting demand from the resale side of the market back over to new construction. 
  • Overall, detached home prices in Calgary remain 8 percent lower than 2014 highs. 
  • Oversupply continued to bring detached home prices down in 2019, which range from a 1 percent drop in North East Calgary to over a 5 percent drop in City Centre. 

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