Calgary Real Estate – September 30, 2023
Statistics from CREB came out today, October 3. Here is a brief summary:
Average prices are up 3.4% month over month (m/m);
Median prices are up 5.1% m/m;
However the most important statistic the, Home Price Index, shows no change m/m. Prices are continuing to increase in the lower priced categories, especially in the NE and East of the city. This means that the rest of the city and higher prices properties saw a very slight decline this month. Is it a sign of things to come? Hard to say but keep in mind that the full effects of the interest rate increases will not be felt for two to three years. For more discussion on this or other real estate related topics please contact me.
Have a wonderful Thanksgiving!