Calgary 2020 Real Estate Market Statistics Report – Prices stagnant
Calgary prices continue to be stagnant or even experience a small decline. Prices for single family homes remain the same with a 0% change, while Duplexes/townhomes/condominiums averaged close to a 2% decrease. Total Residential average prices are also slightly down. Below you can find a breakdown of the price changes for single family homes, duplex/townhomes and condominiums from 2019 to 2020.
The influence of COVID-19 can be seen by the fact that Sales / New listing is up 4.43% but Total Sales Volume is down 1.21%. This is the result of less people looking to move (likely from quarantine) which has also resulted in a significant inventory decrease of 14.04%.
Days on Market has shown a slight decrease from 59 days to 55.
CMHC has not released a 2020 update on rental market statistics yet, however the continuing trend from 2019 can be expected with vacancy rates not moving much (was 3.9% in 2018 & 2019) and prices continuing a slow increase or also stagnating. (Average of $1181 in 2019).