I was reading an online report this week and was stumped by one of the quoted figures in the report published... The quoted condo sales figure for Calgary looked like half of what it has been for all the time that I have been in the real estate business at about 30 per cent of total sales.

So, I calculated the actual statistics from January 1 to October 30th of this year.

Total Recorded Sales: 23,806

Total Condominium Sales: 6,941 = 29.2%

Condominium Sales breakdown:

Apartments: 3,501

Detached homes: 61

Row/Town homes: 3,115

Semi-detached: 264

[source: CREB/Pillar-9]

As almost everyone realizes that this year has been anything but usual for real estate in Calgary. The share of condo sales at 29 per cent is particularly low, and I expect that number to return to at least a third of the market share in this coming year.

A beautifully upgraded, fully fininshed, luxurious family-home in the wonderful community of Richmond. Coming to the Alberta (Pillar-9 Matrix) MLS System after Thanksgiving weekend! Keep watching for updates and don't miss out!

City of Calgary, Oct. 1, 2021 – Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month.

“While sales activity in the fall tends to be slower than in the spring months, the continued strong sales are likely being driven by consumers who were unable to transact earlier in the year when supply levels had not yet adjusted to demand,” said CREB® chief economist Ann-Marie Lurie. “The market continues to favour the seller, but conditions are not as tight as they were earlier this year.”

Inventory levels in September eased to 5,607 units, keeping the months of supply below three months. However, there is significant variation depending on property type and the tightest conditions continue to be in the detached market, with under two months of supply. At the same time, the apartment condominium sector is not facing...