What does the future hold for the Calgary Real Estate Market in 2024?

In this market update, we give you a clear picture of the Calgary Real Estate Market, covering the pricing trends from December 2022 to December 2023. Discover the significant price increases across different property types, such as detached homes rising from $618,000 to $697,000 and apartments jumping from $269,000 to $321,000.

We also highlight the best and worst performing communities in Calgary for 2023. Learn about areas like Highwood, which saw a 19% growth, and Sunalta, which experienced a slight decrease. Understanding these community trends is essential for making informed decisions in the real estate market.

As we look forward to 2024, we share our expert predictions for the Calgary real estate market. With the ongoing housing shortage and a growing population, the market dynamics are expected to continue evolving. We'll discuss how these factors might impact home buyers and sellers in the coming year.

For those concerned about interest rates, we provide practical advice on navigating the market regardless of rate fluctuations. Learn how to assess your buying power and the key factors to consider when looking for a home. Our tips and insights will help you make confident decisions in the Calgary real estate market.

If you're planning to buy or sell in Calgary or just want to understand the market better, we're here to assist you. Our team offers personalized guidance and support, from mortgage pre-approvals to finding the right property within your budget.

For more information or to schedule a buyer strategy session, please contact us using the information below. We're dedicated to helping you succeed in the Calgary real estate market.

00:00 - Intro
01:09 - City of Calgary Detached Price
01:38 - City of Calgary Semi-Detached Price
02:01 - City of Calgary Townhomes Price
02:19 - City of Calgary Apartments Price
02:40 - Detached Homes - Best and Worst Performing Communities in Calgary
03:23 - Best and Worst Performing Communities in City Centre Calgary
04:07 - Best and Worst Performing Communities in Northwest Calgary
04:41 - Best and Worst Performing Communities in North Calgary
05:27 - Best and Worst Performing Communities in Northeast Calgary
05:55 - Best and Worst Performing Communities in Southeast Calgary
06:24 - Best and Worst Performing Communities in East Calgary
06:50 - Best and Worst Performing Communities in South Calgary
07:23 - Best and Worst Performing Communities in West Calgary
08:01 - 2024 Calgary Real Estate Market Predictions
09:37 - Advice for Buyers

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Felix Chan & Jasben Lai are Calgary Realtors with the LiveInnerCity Real Estate Team in Alberta, Canada. Felix is also a Calgary Mortgage Broker and Real Estate Investor.

As your Calgary Real Estate Agents of choice, we are your one-stop-shop for all your Calgary Real Estate needs. We provide our best tips and tricks for home buyers, sellers, and investors looking in the Calgary Real Estate Market. We also dive into Calgary Communities and Home & Condo Tours.

If you want us to cover a specific real estate or mortgage topic or just have a question, please type it in the video comments below.

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