By Altus Group | 16 octobre 2019

Calgary Flash Report 2019

Although the strain of the ongoing slump in energy prices continues to weigh on the Calgary real estate sector, the outlook is cautiously optimistic.

Commercial investment & land market

  • Total investment volumes in the Calgary Market Area increased to $3.68 billion in 2018, the highest annual total since 2012.
  • Investment property sales quieter in the first half of 2019.
  • Residential Land sales fall back in the first half of 2019 after improvement last year.
  • Minto Apartment GP Inc.’s acquisition of The Quarters accounted for almost one-third of Apartment investment in the first half of 2019.

Industrial & office markets

  • The industrial vacancy rate is up again on the back of additional new supply.
  • Calgary continues to be the most oversupplied major office market in Canada.
  • Suburban office market faring slightly better.

Residential development market

  • New condominium apartment sales in the first half of 2019 dropped to their lowest level since 2010.
  • Unsold new condominium apartment inventory represents about 2 years of supply at the pace of recent sales.
  • The new home market in the central area continues to under perform.

Homebuyers

  • Homebuying intentions up among key first-time buyer group.
  • Buyers under 35 years – who are mostly first-time buyers – account for more than half of Calgary home sales.
  • Many first-time buyers in Calgary are getting help from their parents for their downpayment.
close
close
forumDemandez une démonstration
close
close

Thank you for contacting us. we will get back to you shortly!

Ce site Web utilise des témoins pour améliorer votre expérience utilisateur. En utilisant notre site Web, vous acceptez que nous ayons recours à des témoins.
cliquer ici pour plus de détails

error

Désolé, cette page n'est pas disponible en français