Housing sales remain strong in Calgary as the year winds down, though some of the typical seasonal slowdown has begun. November sales of 1797 properties were in line with last November, but trending 20% above long term trends for the month.   The notable shift occurring in the the Calgary market is a rise in listing count to 4,352 properties,  representing almost 2.5 months of supply.   Average days on market is 37.  

Detached Properties
$750,100 (up 7% YOY)

Semi-Detached 
$675,100 (up 8% YOY)

Apartment 
$337,800  (up 9% YOY)

The increased supply is not impacting all price ranges. For more affordable houses, priced under $600,000, seller's market conditions still prevail.  Over 85% of houses listed are priced over $600,000.  As a large tranche of mortgages come up for renewal in 2025, interest rates remain top-of-mind. The next Bank of Canada announcement is on December 11.   Effective December 15 there will be new mortgage lending criteria expanding 30 year amortizations and down payments for property over $1.5M.