CALGARY REGIONAL HOUSING MARKET STATISTICS

10.12

CALGARY HOUSING MARKET DOES NOT SHOW SIGNS OF SLOWING

Year-over-year sales growth remains in double digit territory
Calgary, November 1, 2012 City of Calgary sales activity
marked a 23-per-cent increase over levels recorded in
October 2011. The continued improvement in sales has
pushed year-to-date sales activity to nearly 16-per-cent
above levels recorded in 2011.

CITY OF CALGARY TOTAL SALES

Relative to national trends, we continue to move in the

opposite direction, recording both sales and price growth,
said CREB President Bob Jablonski. However, despite the
higher than anticipated sales growth this year our market is
not overheating, simply returning to levels consistent with
long term trends and prices still have not fully recovered
after the last recession.
Sales improved over 2011 levels across all housing types in
the city. Single family sales growth has been the strongest,
with nearly 17-per-cent more year-to-date sales this year
compared to last year. Meanwhile, apartment condominium
sales have been rising at a slower pace, with year-to-date
sales nearly 12-per-cent higher than last year.

CALGARY APARTMENT PRICES

New listings
for the month,, a
g within city
y limits totaled 2,312
,
9-per-cent decline over October 2011 levels. The decline in
new listings relative to sales has continued to reduce total
inventory levels across all sectors
sectors. However,
However because this is
a less active period in real estate, the months of supply
remains within balanced levels.
The strong demand for homes relative to the supply levels
has caused some significant increases in the price of single
family homes this year compared to 2011. As of October
2012, the benchmark price for a single family home was
$433,300, an 8-per-cent increase over the previous year.
While there has been significant recovery in Calgary home
prices, typical unadjusted home prices have leveled off
remaining relatively unchanged over the past 4 months, and
remain below the highs recorded in 2007.
Condominium apartments recorded a benchmark price of
$247,000 in October 2012, losing some ground over the
previous month, but still higher than the previous year by 3
per cent. While on average condominium apartment prices
have fallen more than risen since 2007, condominium prices
this year have recovered to levels comparable to 2010.
After the first 10 months of the year condominium
townhouse sales totaled 2,279, 16-per-cent higher than last
year. The benchmark price for a townhouse in October was
$279,000, a 3-per-cent improvement over October 2011.

CREB Calgary Regional Housing Market Statistics

At the end of last year, the Calgary

economy was growing and continued to post
job growth, said Ann-Marie Lurie, CREBs
chief economist. However, global economic
uncertainty was increasing, impacting overall
consumer confidence and contributing to a
significant amount of caution in the resale
market.
While many of these global economic risks
remain this year, consumers concern
regarding the impact on our economy has
lessened. Calgary has continued to record
relatively strong economic, employment and
migration growth. This combined with
improving affordability has encouraged
consumers to purchasing real estate in
Calgary.
.

page 1 d

CREB - SUMMARY STATS

Oct-11
CREB TOTAL RESIDENTIAL
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CITY OF CALGARY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB TOWNS
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CREB CRES
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Median Price

Oct-12

Oct-11

Oct-12

Y/Y %

2011 YTD

2012 YTD

Y/Y %

1,702
$699,665,528
3,386
10,247
0.50
96.47%
60
$411,084
$357,700
169

2,160
$932,817,977
3,132
7,819
0.69
97.06%
55
$431,860
$381,900
180

26.91%
33.32%
-7.50%
-23.69%
37.20%
0.59%
-9.44%
5.05%
6.77%
6.76%

19,912
$8,317,918,592
41,659
N/A
0.48
96.73%
57
$417,734

23,988
$10,220,469,928
40,527
N/A
0.59
97.18%
53
$426,066

20.47%
22.87%
-2.72%

1,351
$552,179,389
2,530
6,311
0.53
96.62%
53
$408,719
$362,700
169

1,665
$727,786,079
2,312
4,605
0.72
97.15%
46
$437,109
$387,700
181

23.24%
31.80%
-8.62%
-27.03%
34.86%
0.53%
-13.38%
6.95%
6.89%
6.92%

16,126
$6,697,929,963
31,155
N/A
0.52
96.91%
47
$415,350

18,676
$7,988,996,919
29,334
N/A
0.64
97.36%
44
$427,768

15.81%
19.28%
-5.84%

296
$108,071,182
687
2,793
0.43
96.54%
83
$365,105
$312,300
164

415
$148,816,048
663
2,241
0.63
97.07%
74
$358,593
$329,800
174

40.20%
37.70%
-3.49%
-19.76%
45.28%
0.53%
-10.32%
-1.78%
5.60%
5.60%

3,210
$1,147,305,311
8,135
N/A
0.39
96.79%
81
$357,416

4,523
$1,609,623,753
8,733
N/A
0.52
97.14%
77
$355,875

40.90%
40.30%
7.35%

55
$39,414,957
168
1,032
0.33
94.19%
113
$716,636
$660,000

80
$56,215,850
157
973
0.51
95.86%
129
$702,698
$627,500

45.45%
42.63%
-6.55%
-5.72%
55.65%
1.67%
14.92%
-1.94%
-4.92%

575
$471,948,318
2,357
N/A
0.24
94.04%
103
$820,780

784
$619,887,256
2,455
N/A
0.32
95.02%
107
$790,673

36.35%
31.35%
4.16%

23.84%
0.45%
-7.02%
1.99%

23.00%
0.45%
-6.38%
2.99%

31.25%
0.35%
-4.94%
-0.43%

30.91%
0.98%
3.88%
-3.67%

For a list of definitions, see page 20.

CREB Calgary Regional Housing Market Statistics

page 2

CREB SUMMARY STATISTICS CITY OF CALGARY

Oct-11
SINGLE FAMILY
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO APARTMENT
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index
CONDO TOWNHOUSE
Total Sales
Total Sales Volume
New Listings
Active Listings
Sales to New Listings Ratio
Sales $ / List $
Average DOM
Average Price
Benchmark Price
Index

Oct-12

Oct-11

Oct-12

Y/Y %

2011 YTD

2012 YTD

Y/Y %

984
$448,106,177
1,773
4,390
0.55
96.68%
52
$455,392
$399,700
170

1,174
$578,519,909
1,616
3,114
0.73
97.20%
43
$492,777
$433,300
184

19.31%
29.10%
-8.86%
-29.07%
30.90%
0.52%
-16.66%
8.21%
8.41%
8.43%

11,449
$5,347,041,995
22,027
N/A
0.52
96.97%
45
$467,031

13,366
$6,413,192,504
20,613
N/A
0.65
97.43%
41
$479,814

16.74%
19.94%
-6.42%

213
$58,467,821
461
1,211
0.46
95.91%
61
$274,497
$239,300
167

272
$78,826,161
416
985
0.65
96.47%
55
$289,802
$247,000
173

27.70%
34.82%
-9.76%
-18.66%
41.51%
0.56%
-9.17%
5.58%
3.22%
3.23%

2,715
$741,416,081
5,445
N/A
0.50
96.41%
54
$273,081

3,031
$852,131,952
5,282
N/A
0.57
96.83%
52
$281,139

154
$45,605,391
296
710
0.52
96.96%
52
$296,139
$270,600
169

219
$70,440,009
280
506
0.78
97.49%
50
$321,644
$279,000
174

42.21%
54.46%
-5.41%
-28.73%
50.33%
0.53%
-2.40%
8.61%
3.10%
3.08%

1,962
$609,471,887
3,683
N/A
0.53
97.02%
52
$310,638

2,279
$723,672,463
3,439
N/A
0.66
97.39%
48
$317,539

CREB Calgary Regional Housing Market Statistics

24.75%
0.46%
-8.89%
2.74%

11.64%
14.93%
-2.99%
15.08%
0.42%
-3.70%
2.95%

16.16%
18.74%
-6.63%
24.40%
0.36%
-7.69%
2.22%

page 3

MLS HPI SUMMARY

October 2012
Benchmark Price
Index (HPI)

Sep-12

Apr-12

% Changes
Oct-11

Oct-09

Oct-07

CREB TOTAL RESIDENTIAL

Single Family
Townhouse
Apartment
COMPOSITE

421,200
277,400
246,200
381,900

183
174
172
180

0.2%
0.3%
-0.9%
0.0%

2.8%
1.0%
1.5%
2.4%

8.1%
3.0%
3.2%
6.8%

8.7%
1.3%
1.4%
6.7%

-2.3%
-13.6%
-14.8%
-5.8%

CREB TOWNS
Single Family
Townhouse
Apartment
COMPOSITE

336,400
220,400
188,500
329,800

174
178
162
174

0.7%
-1.3%
-0.1%
0.6%

3.4%
3.8%
1.8%
3.3%

6.0%
1.2%
0.3%
5.6%

5.7%
1.1%
0.1%
5.2%

-6.7%
-16.8%
-19.5%
-7.7%

CREB CITY OF CALGARY

Single Family
Townhouse
Apartment
COMPOSITE

433,300
279,000
247,000
387,700

184
174
173
181

0.1%
0.5%
-0.9%
-0.1%

2.7%
0.9%
1.5%
2.3%

8.4%
3.1%
3.2%
6.9%

9.1%
1.3%
1.4%
6.9%

-1.6%
-13.4%
-14.7%
-5.5%

CREB Calgary Regional Housing Market Statistics

page 4

COMPARISONS

Benchmark Price - October

500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
1 storey

2 Storey

CREB Total Residential

Total SF

CREB City of Calgary

Months of Supply - October

Townhouse

Apartment

Total Composite

CREB Towns

Source: CREB

Sales Distribution - October

8.0

120%

7.0

100%

6.0
80%

5.0
4.0

3.70%
14.17%

16.34%

12.27%

13.15%

69.86%

70.51%

8.19%
11.08%

60%

3.0
40%

2.0

80.72%

20%

1.0
Months of Supply SF

Months of Supply
Townhouse

CREB Total Residential

CREB Towns

Months of Supply
Apartment

0%
CREB Total
Residential

CREB City of
Calgary

CREB Towns

CREB City of Calgary

Single Family

Source: CREB

Townhouse

Apartment

CRES

Source: CREB

CALGARY INDEX YEAR OVER YEAR COMPARISON

CALGARY INDEX VALUE

15%

210

10%

200

5%
190

0%

180

-5%

170

-10%
-15%

160

-20%

150

Index Value Single Family

Index Value Tonwhouse

Index Value Apartment

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Y/Y Index Price Change

Apartment Y/Y Index Price Change
Townhouse Y/Y Price Change

Source: CREB

page 5 d

CREB CITY OF CALGARY

2011
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

Jan.
1/1/2011
1,084
2,820
4,638
58
407,665
352,400
164
1/1/2012
1,068
2,530
4,367
60
391,372
361,800
169

T40817
Calgary Total
>$100,000
$
,
$
,
$100,000
- $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,99
$2,500,000 - $2,999,99
$3,000,000 - $3,499,99
$3,500,000 - $3,999,99
$4,000,000 +

Oct-11
10/1/2011
1
98
318
208
199
155
108
65
37
36
23
31
25
12
15
10
4
1
5
1,351

Feb.
2/1/2011
1,622
3,213
5,176
47
412,809
356,900
166
2/1/2012
1,732
2,883
4,736
49
425,383
365,900
171

T41183
Oct-12
10/1/2012
1
97
335
232
220
216
140
101
70
55
44
54
32
17
28
9
6
2
4
2
1,665

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2011
1,924
3,416
5,866
42
407,212
361,200
168
3/1/2012
2,166
3,349
5,092
42
422,354
371,400
173

T2011
YTD2011
10/1/2011
44
,
1,100
3,480
2,514
2,445
1,841
1,302
815
576
424
362
426
279
123
165
112
34
33
26
19
3
2
1
16,126

Apr.
4/1/2011
1,745
3,254
6,324
45
421,170
363,700
170
4/1/2012
2,198
3,239
5,270
41
428,999
379,200
177

May
5/1/2011
1,810
3,552
6,626
43
433,069
364,200
170
5/1/2012
2,381
3,803
5,739
40
445,034
383,200
179

Jun.
6/1/2011
1,964
3,353
6,660
46
426,049
364,400
170
6/1/2012
2,198
3,305
5,715
40
441,736
385,800
180

Jul.
7/1/2011
1,596
2,855
6,537
49
407,977
364,600
170
7/1/2012
1,933
2,650
5,430
43
425,924
387,300
181

Aug.
8/1/2011
1,569
2,960
6,473
50
404,153
363,100
169
8/1/2012
1,723
2,583
5,184
45
416,970
387,700
181

Sept.
9/1/2011
1,461
3,202
6,653
50
417,511
363,300
169
9/1/2012
1,612
2,680
5,098
45
419,598
388,000
181

Oct.
10/1/2011
1,351
2,530
6,311
53
408,719
362,700
169
10/1/2012
1,665
2,312
4,605
46
437,109
387,700
181

Nov.
11/1/2011
1,345
1,837
5,338
53
412,215
362,400
169
11/1/2012
0
1
5,425
50
340,452
NA
NA

Dec.
12/1/2011
1,026
1,076
3,989
60
402,136
362,200
169
12/1/2012
NA
NA
NA
NA
NA

YTD
12/1/2011
18,497
34,068
48
414,389

10/1/2012
18,676
29,334
44
427,768

T2012
YTD2012
10/1/2012
19
,
1,049
3,843
2,799
2,606
2,276
1,607
1,134
784
611
430
573
307
180
224
97
61
23
27
18
4
2
2
18,676

CALGARY YTD SALES BY PRICE RANGE

YTD OCTOBER
40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2009

YTD-2010

YTD-2011

YTD-2012

Source: CREB

page 6 d

CITY OF CALGARY

CALGARY YTD TOTAL SALES

CALGARY YTD TOTAL NEW LISTINGS

YTD-OCTOBER

25,000

YTD-OCTOBER

45,000
40,000

20,000

35,000
30,000

15,000

25,000
20,000

10,000

15,000
10,000

5,000

5,000
0

SF Sales
TH Sales

Apartment Sales
10 Year Average

SF New Listings
TH New Listings

Source: CREB

CALGARY MONTHS OF INVENTORY

CALGARY INVENTORY AND SALES

7,000

450,000

400,000

6,000
5,000
4,000
3,000
2,000
1,000
-

Inventory

Sales

Benchmark Price

Apartment New Listings

10 Year Average
Source: CREB

350,000

300,000

250,000

200,000

150,000

100,000

50,000

Months of Supply 3 month MA

Source: CREB

CALGARY PRICE CHANGE COMPARISON

Source: CREB

CALGARY PRICES

15%

460,000

10%

440,000

5%

420,000

0%

400,000

-5%

BALANCED

380,000

-10%

360,000

-15%

340,000

-20%

320,000

Average Price Y/Y% Change

Index Y/Y% Change

Y/Y Median Price Change

Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price
Benchmark Price

Median Price
Source: CREB

page 7 d

CREB CITY OF CALGARY SINGLE FAMILY

2011
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

Jan.
1/1/2011
782
1,949
3,011
57
453,766
387,200
164
1/1/2012
763
1,714
2,918
59
440,478
400,800
170

SF40817
Calgary SF
>$100,000
$100,000 - $199,999
$
,
$
,
$200,000
- $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,99
$2,500,000 - $2,999,99
$3,000,000 - $3,499,99
$3,500,000 - $3,999,99
$4,000,000 +

Oct-11
10/1/2011
14
159
162
170
135
95
62
34
31
22
31
25
11
14
10
4
1
4
984

Feb.
2/1/2011
1,157
2,245
3,436
45
461,946
392,300
167
2/1/2012
1,281
2,000
3,093
48
470,033
404,800
172

SF41183
Oct-12
10/1/2012
13
125
154
180
182
125
90
66
53
42
50
30
16
28
8
5
2
4
1
1,174

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2011
1,344
2,417
3,958
39
461,579
396,800
168
3/1/2012
1,576
2,346
3,367
40
472,477
411,000
174

SF2011
YTD2011
10/1/2011
1
137
,
1,475
1,858
2,008
1,657
1,150
754
532
391
334
404
258
119
154
103
33
33
25
18
3
2
11,449

Apr.
4/1/2011
1,211
2,285
4,327
41
479,304
400,100
170
4/1/2012
1,580
2,287
3,501
38
483,045
422,000
179

May
5/1/2011
1,308
2,536
4,545
41
488,862
400,800
170
5/1/2012
1,707
2,706
3,842
37
501,684
427,500
181

Jun.
6/1/2011
1,385
2,394
4,648
43
480,283
401,300
170
6/1/2012
1,606
2,366
3,817
36
489,594
430,800
183

Jul.
7/1/2011
1,142
2,030
4,544
49
456,374
401,100
170
7/1/2012
1,383
1,879
3,646
40
478,514
432,400
184

Aug.
8/1/2011
1,101
2,095
4,491
49
454,595
399,700
170
8/1/2012
1,168
1,811
3,535
43
475,508
432,600
184

Sept.
9/1/2011
1,035
2,303
4,661
48
466,192
400,100
170
9/1/2012
1,128
1,888
3,486
42
468,793
432,900
184

Oct.
10/1/2011
984
1,773
4,390
52
455,392
399,700
170
10/1/2012
1,174
1,616
3,114
43
492,777
433,300
184

Nov.
11/1/2011
954
1,275
3,674
52
468,861
399,700
170
11/1/2012
0
0
3,677
36
417,180
NA
NA

Dec.
12/1/2011
717
753
2,705
58
454,992
399,900
170
12/1/2012
NA
NA
NA
NA
NA

YTD
12/1/2011
13,120
24,055
46
466,506

10/1/2012
13,366
20,613
41
479,814

SF2012
YTD2012
10/1/2012
2
112
,
1,489
2,020
2,166
1,973
1,431
1,038
726
567
409
538
293
172
211
93
55
22
26
16
3
2
2
13,366

CALGARY YTD SINGLE FAMILY SALES BY PRICE RANGE

YTD OCTOBER

45%
40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2009

YTD-2010

YTD-2011

YTD-2012

Source: CREB

page 8 d

CITY OF CALGARY SINGLE FAMILY

CALGARY YTD SINGLE FAMILY NEW LISTINGS

CALGARY YTD SINGLE FAMILY SALES

YTD-OCTOBER

18,000
16,000

YTD-OCTOBER

35,000
30,000

14,000
25,000

12,000
10,000

20,000

8,000

15,000

6,000

10,000

4,000

5,000

2,000
0

SF Sales

10 Year Average

SF New Listings

Source: CREB

5,000

500,000

9
8

4,500

450,000

4,000

400,000

3,500

350,000

3,000

300,000

2,500

250,000

2,000

200,000

1,500
,

150,000
,

1,000

100,000

SF Inventory

SF Sales

SF Benchmark Price

Source: CREB

CALGARY SINGLE FAMILY MONTHS OF INVENTORY

CALGARY SINGLE FAMILY INVENTORY AND SALES

00
500

10 Year Average

5
4
3
2

0 000
50,000

SF Months of Supply 3 month MA

Source: CREB

CALGARY SINGLE FAMILY PRICE CHANGE COMPARISON

BALANCED

Source: CREB

CALGARY SINGLE FAMILY PRICES

510,000

15%

490,000

10%

470,000
5%

450,000

0%

430,000
410,000

-5%

390,000

-10%

370,000
-15%

350,000

SF Average Price Y/Y% Change

Index Y/Y% Change

SF Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

SF Average Price
SF Benchmark Price

SF Median Price
Source: CREB

page 9 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

2011
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

Jan.
1/1/2011
116
349
622
59
291,958
264,400
165
1/1/2012
126
312
520
61
297,918
270,300
169

TH40817
Calgary Townhouse
>$100,000
$100,000 - $199,999
$
,
$
,
$200,000
- $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,99
$2,500,000 - $2,999,99
$3,000,000 - $3,499,99
$3,500,000 - $3,999,99
$4,000,000 +

Oct-11
10/1/2011
27
63
21
18
10
9
2
3
1
154

Feb.
2/1/2011
184
384
717
52
308,462
267,400
167
2/1/2012
205
374
612
51
310,047
270,500
169

TH41183
Oct-12
10/1/2012
25
90
36
21
22
9
7
2
1
3
2
1
219

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2011
248
408
742
52
309,833
269,400
168
3/1/2012
234
358
606
49
313,938
274,600
172

TH2011
YTD2011
10/1/2011
4
269
860
301
219
107
76
26
22
21
18
17
6
2
8
5
1
1962

Apr.
4/1/2011
224
405
784
57
296,299
269,200
168
4/1/2012
267
357
612
49
320,912
276,400
173

May
5/1/2011
214
409
821
46
313,846
269,000
168
5/1/2012
288
455
675
38
330,413
277,000
173

Jun.
6/1/2011
242
387
784
54
324,750
269,200
168
6/1/2012
253
395
693
45
326,053
278,000
174

Jul.
7/1/2011
206
334
763
52
304,971
272,200
170
7/1/2012
239
304
623
45
303,380
277,400
173

Aug.
8/1/2011
184
353
766
51
320,269
271,400
170
8/1/2012
240
308
584
50
309,309
278,200
174

Sept.
9/1/2011
190
358
758
53
329,089
271,600
170
9/1/2012
208
296
548
51
329,797
277,700
174

Oct.
10/1/2011
154
296
710
52
296,139
270,600
169
10/1/2012
219
280
506
50
321,644
279,000
174

Nov.
11/1/2011
150
224
612
59
304,114
271,600
170
11/1/2012
0
0
603
38
251,500
NA
NA

Dec.
12/1/2011
126
124
479
62
293,179
272,700
170
12/1/2012
NA
NA
NA
NA
NA

YTD
12/1/2011
2,238
4,031
53
309,218

10/1/2012
2,279
3,439
48
317,539

TH2012
YTD2012
10/1/2012
265
985
389
210
151
103
59
34
25
10
22
11
5
7
3
2279

CALGARY YTD TOWNHOUSE SALES BY PRICE RANGE

YTD OCTOBER

60%

50%

40%

30%

20%

10%

0%

YTD-2009

YTD-2010

YTD-2011

YTD-2012

Source: CREB

page 10 d

CITY OF CALGARY CONDOMINIUM TOWNHOUSE

CALGARY YTD TOWNHOUSE NEW LISTINGS

CALGARY YTD TOWNHOUSE SALES

YTD-OCTOBER

3,500
3,000

YTD-OCTOBER

6000
5000

2,500

4000

2,000
3000
1,500
2000

1,000
500

1000

Townhouse Sales

10 Year Average

10 Year Average

Source: CREB

CALGARY TOWNHOUSE MONTHS OF INVENTORY

CALGARY TOWNHOUSE INVENTORY AND SALES

300,000

800

Townhouse New Listings

Source: CREB

9
8

700

250,000

600
200,000

500

7
6
5

150,000

400
300

100,000

200

4
3

BALANCED

2
50,000

100
-

TH Inventory

TH Sales

TH Benchmark Price

1
-

TH Months of Supply 3 month MA

Source: CREB

CALGARY TOWNHOUSE PRICE CHANGE COMPARISON

Source: CREB

CALGARY TOWNHOUSE PRICES

20%

340,000

15%

320,000

10%
5%

300,000

0%

280,000

-5%
260,000

-10%

240,000

-15%
-20%

220,000

TH Average Price Y/Y % Change

Index Y/Y% Change

TH Median Price Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

TH Average Price

Median Price

Source: CREB

page 11 d

CITY OF CALGARY CONDOMINIUM APARTMENTS

2011
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

Jan.
1/1/2011
186
522
1,005
63
286,004
234,200
164
1/1/2012
179
504
929
64
247,837
233,800
163

A40817
Calgary Apartment
>$100,000
$100,000 - $199,999
$
,
$
,
$200,000
- $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,99
$2,500,000 - $2,999,99
$3,000,000 - $3,499,99
$3,500,000 - $3,999,99
$4,000,000 +

Oct-11
10/1/2011
1
57
96
25
11
10
4
3
1
2
1
1
1
213

Feb.
2/1/2011
281
584
1,023
54
278,819
237,000
166
2/1/2012
246
509
1,031
51
288,991
238,700
167

A41183
Oct-12
10/1/2012
1
59
120
42
19
12
6
4
2
1
2
1
1
1
1
272

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2011
332
591
1,166
49
259,865
241,400
169
3/1/2012
356
645
1,119
48
271,724
243,000
170

A2011
YTD2011
10/1/2011
39
694
,
1,145
355
218
77
76
35
22
12
10
5
15
2
3
4
1
1
1
2,715

Apr.
4/1/2011
310
564
1,213
51
284,301
243,100
170
4/1/2012
351
595
1,157
50
267,931
243,400
170

May
5/1/2011
288
607
1,260
53
268,267
243,400
170
5/1/2012
386
642
1,222
50
280,030
245,400
171

Jun.
6/1/2011
337
572
1,228
53
275,904
242,700
170
6/1/2012
339
544
1,205
55
301,348
246,300
172

Jul.
7/1/2011
248
491
1,230
50
270,678
242,600
169
7/1/2012
311
467
1,161
55
286,231
247,600
173

Aug.
8/1/2011
284
512
1,216
56
262,951
240,000
168
8/1/2012
315
464
1,065
52
281,941
248,700
174

Sept.
9/1/2011
236
541
1,234
59
275,204
240,100
168
9/1/2012
276
496
1,064
54
286,217
249,300
174

Oct.
10/1/2011
213
461
1,211
61
274,497
239,300
167
10/1/2012
272
416
985
55
289,802
247,000
173

Nov.
11/1/2011
241
338
1,052
56
255,267
238,000
166
11/1/2012
0
1,145
81
271,872
NA
NA

Dec.
12/1/2011
183
199
805
67
270,063
236,000
165
12/1/2012
NA
NA
NA
NA
NA

YTD
12/1/2011
3,139
5,982
54
271,538

10/1/2012
3,031
5,282
52
281,139

A2012
YTD2012
10/1/2012
17
672
,
1,369
390
230
152
73
37
24
19
11
13
3
3
6
1
6
1
1
2
1
3,031

CALGARY YTD APARTMENT SALES BY PRICE RANGE

YTD OCTOBER

60%

50%

40%

30%

20%

10%

0%

YTD-2009

YTD-2010

YTD-2011

YTD-2012

Source: CREB

page 12 d

CITY OF CALGARY CONDOMINIUM APARTMENTS

CALGARY YTD APARTMENT SALES

YTD-OCTOBER

4,500
4,000

CALGARY YTD APARTMENT NEW LISTINGS

YTD-OCTOBER
9,000
8,000

3,500

7,000

3,000

6,000

2,500

5,000

2,000

4,000

1,500

3,000

1,000

2,000

500

1,000

Apartment Sales

10 Year Average

Apartment New Listings

Source: CREB

10 Year Average

Source: CREB

CALGARY APARTMENT MONTHS OF INVENTORY

CALGARY APARTMENT INVENTORY AND SALES

1,400

300,000

1,200

250,000

10
9

1,000

200,000

800
150,000
600

8
7
6
5
4

100,000

400

50,000

200

BALANCED

3
2
1

Apartment Inventory
Apartment Benchmark Price

Apartment Sales
Apartment Months of Supply 3 month MA

Source: CREB

CALGARY APARTMENT PRICE CHANGE COMPARISON

Source: CREB

CALGARY APARTMENT PRICES

25%

340000

20%

320000

15%
10%

300000

5%

280000

0%

260000

-5%
-10%

240000

-15%

220000

-20%

200000

Apartment Average Price Y/Y% Change

Median Price Change
Index Y/Y% Change

CREB Calgary Regional Housing Market Statistics

Source: CREB

Apartment Average Price

Median Price

Benchmark Price
Source: CREB

page 13 d

CREB TOWNS

2011
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

Jan.
1/1/2011
199
688
2,121
82
334,831
303,000
159
1/1/2012
218
730
2,129
102
352,113
310,000
163

TO40817
CREB Towns
>$100,000
$100,000 - $199,999
$
,
$
,
$200,000
- $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,99
$2,500,000 - $2,999,99
$3,000,000 - $3,499,99
$3,500,000 - $3,999,99
$4,000,000 +

Oct-11
10/1/2011
5
34
63
51
55
34
15
11
9
2
5
4
1
5
1
1
296

Feb.
2/1/2011
270
717
2,274
83
342,161
305,900
161
2/1/2012
355
798
2,285
81
325,915
312,100
164

TO41183
Oct-12
10/1/2012
6
40
103
83
64
33
29
17
14
7
5
8
2
4
415

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2011
322
891
2,549
74
357,231
311,000
164
3/1/2012
455
1,090
2,596
69
355,392
313,700
165

TO2011
YTD2011
10/1/2011
53
350
806
579
487
367
184
114
67
33
45
39
26
22
17
15
3
2
1
3,210

Apr.
4/1/2011
324
865
2,757
81
368,806
312,900
165
4/1/2012
498
1,065
2,801
72
363,453
319,200
168

May
5/1/2011
386
1,012
3,029
77
349,124
314,800
166
5/1/2012
564
1,078
2,935
76
375,776
321,400
169

Jun.
6/1/2011
431
921
3,081
68
359,951
313,700
165
6/1/2012
609
971
2,866
70
358,313
325,400
171

July.
7/1/2011
355
848
3,141
80
363,172
315,000
166
7/1/2012
539
863
2,806
75
358,217
326,000
172

Aug.
8/1/2011
318
799
3,153
75
360,359
315,000
166
8/1/2012
453
778
2,653
77
346,103
327,500
172

Sept.
9/1/2011
309
707
3,000
85
363,356
315,700
166
9/1/2012
417
697
2,447
73
349,234
327,900
173

Oct.
Nov.
10/1/2011
11/1/2011
296
298
687
478
2,793
2,531
83
82
365,105
335,414
312,300
310,200
164
163
10/1/2012
11/1/2012
415
0
663
0
2,241
5,425
74
49
358,593
141,000
329,800 NA
174 NA

Dec.
12/1/2011
216
327
1,941
90
357,287
311,000
164
12/1/2012
NA
NA
NA
NA
NA

YTD
12/1/2011
3,724
8,940
81
355,648

10/1/2012
4,523
8,733
77
355,875

TO2012
YTD2012
10/1/2012
103
461
,
1,068
834
681
547
276
179
113
80
47
45
31
18
24
8
4
3
1
4,523

CREB TOWNS YTD SALES BY PRICE RANGE

YTD OCTOBER
40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2010

YTD-2010

YTD-2011

YTD-2012

Source: CREB

page 14 d

CREB TOWNS

CREB TOWNS YTD TOTAL SALES

CREB TOWNS YTD TOTAL NEW LISTINGS

5,000
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0

10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0

SF Sales
TH Sales

Apartment Sales
10 Year Average

Apartment New Listings

Source: CREB
10 Year Average

CREB TOWNS MONTHS OF INVENTORY

CREB TOWNS INVENTORY AND SALES

350,000

3,500

SF New Listings
TH New Listings

Source: CREB

18
16

3,000

300,000

2,500

250,000

2,000

200,000

10

1,500

150,000

1,000

,
100,000

14
12

6
500
-

Inventory

Sales

Benchmark Price

50,000

Months of Supply 3 month MA

Source: CREB

CREB TOWNS PRICE CHANGE COMPARISON

BALANCED

Source: CREB

CREB TOWNS PRICES

430,000

25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20%
-25%

410,000
390,000
370,000
350,000
330,000
310,000
290,000
270,000
250,000

Average Price Y/Y% Change

Index Y/Y% Change

Median Price Change

Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price
Benchmark Price

Median Price
Source: CREB

page 15 d

CREB COUNTRY RESIDENTIAL

2011
Sales
New Listings
Active Listings
AverageDOM
Average Price
2012
Sales
New Listings
Active Listings
AverageDOM
Average Price

Jan.
1/1/2011
33
168
606
131
726,136
1/1/2012
39
215
760
127
696,615

C40817
CRES
>$100,000
$100,000 - $199,999
$200,000 - $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$
,
$
,
$450,000
- $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,99
$2,500,000 - $2,999,99
$3,000,000 - $3,499,99
$3,500,000 - $3,999,99
$4,000,000 +

Oct-11
10/1/2011
1
5
2
2
1
3
1
5
6
5
4
8
5
4
2
1
55

Feb.
2/1/2011
43
225
705
113
799,393
2/1/2012
66
221
837
94
835,637

C41183
Oct-12
10/1/2012
1
3
5
4
5
10
6
2
5
5
9
8
7
4
4
1
1
80

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2011
58
236
823
91
876,366
3/1/2012
76
309
962
91
821,303

C2011
YTD2011
10/1/2011
18
38
15
20
21
19
24
36
30
35
61
66
44
78
29
13
8
12
6
2
575

Apr.
4/1/2011
64
250
925
93
866,442
4/1/2012
90
257
1,044
93
806,827

May
5/1/2011
68
303
1,061
112
840,590
5/1/2012
97
350
1,190
98
824,182

Jun.
6/1/2011
63
315
1,166
86
885,475
6/1/2012
96
288
1,221
114
766,068

Jul.
7/1/2011
59
243
1,206
87
832,742
7/1/2012
85
217
1,198
100
729,587

Aug.
8/1/2011
63
225
1,190
106
829,621
8/1/2012
86
198
1,138
113
835,283

Sept.
9/1/2011
69
224
1,123
124
776,414
9/1/2012
69
243
1,104
124
854,791

Oct.
10/1/2011
55
168
1,032
113
716,636
10/1/2012
80
157
973
129
702,698

Nov.
11/1/2011
54
134
894
101
762,285
11/1/2012
5,425
NA
NA

Dec.
12/1/2011
47
98
683
105
828,660
12/1/2012
NA
NA
NA

YTD
12/1/2011
676
2,589
103
816,655
10/1/2012
784
2,455
107
790,673

C2012
YTD2012
10/1/2012
4
16
36
39
38
37
45
37
38
44
55
97
79
53
74
29
26
11
17
4
3
1
1
784

CRES YTD SALES BY PRICE RANGE

YTD OCTOBER
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2009

YTD-2010

YTD-2011

YTD-2012

Source: CREB

page 16 d

CREB COUNTRY RESIDENTIAL

CRES YTD TOTAL NEW LISTINGS

CRES YTD TOTAL SALES

3000

1000
900
800
700
600
500
400
300
200
100
0

2500
2000
1500
1000
500
0

CRES Sales

10 Year Average

CRES New Listings

Source: CREB

1,400

900000

40

1,200

800000

35

700000

30

600000

800

500000

600

400000
300000

400
200
-

Inventory

Sales

Median Price

Source: CREB

CRES MONTHS OF INVENTORY

CRES INVENTORY AND SALES

1,000

10 Year Average

25
20
15

200000

10

100000

BALANCED

Months of Supply 3 month MA

Source: CREB

Source: CREB

CRES PRICES

CRES PRICE CHANGE COMPARISON

80%

1,200,000

60%

1,100,000
1,000,000

40%

900,000

20%

800,000

0%

700,000
-20%
600,000
-40%
500,000
Average Price Y/Y% Change
Median Price Change
Average Price Y/Y% Change 3 month MA

CREB Calgary Regional Housing Market Statistics

Source: CREB

Average Price

Average Price 3 month MA

Median Price
Source: CREB

page 17 d

CREB TOTAL RESIDENTIAL

2011
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index
2012
Sales
New Listings
Active Listings
AverageDOM
Average Price
Benchmark Price
Index

Jan.
1/1/2011
1,316
3,676
7,981
64
404,637
347,300
164
1/1/2012
1,326
3,477
7,256
69
393,778
356,700
168

CT40817
CREB Total
>$100,000
$100,000 - $199,999
$
,
$
,
$200,000
- $299,999
$300,000 -$ 349,999
$350,000 - $399,999
$400,000 - $449,999
$450,000 - $499,999
$500,000 - $549,999
$550,000 - $599,999
$600,000 - $649,999
$650,000 - $699,999
$700,000 - $799,999
$800,000 - $899,999
$900,000 - $999,999
$1,000,000 - $1,249,999
$1,250,000 - $1,499,999
$1,500,000 - $1,749,999
$1,750,000 - $1,999,999
$2,000,000 - $2,499,99
$2,500,000 - $2,999,99
$3,000,000 - $3,499,99
$3,500,000 - $3,999,99
$4,000,000 +

Oct-11
10/1/2011
6
133
386
261
256
190
126
77
51
44
33
39
34
22
19
13
4
1
6
1
1,702

Feb.
2/1/2011
1,935
4,156
8,839
54
411,542
351,600
166
2/1/2012
2,154
3,902
7,858
56
421,465
360,500
170

CT41183
Oct-12
10/1/2012
7
138
441
320
288
254
179
124
86
67
54
71
40
26
36
13
6
2
5
3
2,160

CREB Calgary Regional Housing Market Statistics

Mar.
3/1/2011
2,304
4,544
9,942
48
412,037
356,200
168
3/1/2012
2,698
4,749
8,650
48
422,416
365,600
172

CT2011
YTD2011
10/1/2011
97
1,468
,
4,324
3,108
2,952
2,229
1,505
953
679
487
442
527
371
189
260
156
50
41
40
26
5
2
1
19,912

Apr.
4/1/2011
2,133
4,372
10,754
52
426,576
358,600
169
4/1/2012
2,786
4,562
9,115
49
429,488
373,000
176

May
5/1/2011
2,264
4,867
11,551
51
430,997
359,400
169
5/1/2012
3,042
5,231
9,864
48
444,283
376,800
178

Jun.
6/1/2011
2,458
4,590
11,014
51
426,235
359,400
169
6/1/2012
2,905
4,564
9,802
49
434,927
379,600
179

Jul.
7/1/2011
2,010
3,947
11,857
56
412,532
359,600
170
7/1/2012
2,557
3,731
9,433
52
421,746
381,100
180

Aug.
8/1/2011
1,950
3,986
10,913
56
410,757
358,400
169
8/1/2012
2,262
3,559
8,975
54
418,682
381,700
180

Sept.
9/1/2011
1,840
4,135
10,880
59
422,048
358,600
169
9/1/2012
2,098
3,620
8,650
54
419,926
381,900
180

Oct.
10/1/2011
1,702
3,386
10,247
60
411,084
357,700
169
10/1/2012
2,160
3,132
7,819
55
431,860
381,900
180

Nov.
11/1/2011
1,698
2,452
8,863
60
409,742
357,100
168
11/1/2012
0
1
5,425
50
322,320
NA
NA

Dec.
12/1/2011
1,290
1,501
6,613
67
410,169
357,100
168
12/1/2012
NA
NA
NA
NA
NA

YTD
12/1/2011
22,900
45,612
58
416,715

10/1/2012
23,988
40,527
53
426,066

CT2012
YTD2012
10/1/2012
126
1,526
,
4,949
3,672
3,326
2,861
1,928
1,350
935
735
532
716
417
251
322
134
91
37
44
23
7
3
3
23,988

CREB RESIDENTIAL YTD SALES BY PRICE RANGE

YTD OCTOBER
40%
35%
30%
25%
20%
15%
10%
5%
0%

YTD-2009

YTD-2010

YTD-2011

YTD-2012

Source: CREB

page 18 d

CREB TOTAL RESIDENTIAL

CREB RESIDENTIAL YTD TOTAL NEW LISTINGS

CREB RESIDENTIAL YTD TOTAL SALES

YTD-OCTOBER

35,000
30,000

50,000

25,000

40,000

20,000

30,000

15,000

YTD-OCTOBER

60,000

20,000

10,000
10,000
5,000
0
0

SF Sales
TH Sales

Apartment Sales
CRES

Source: CREB

Apartment New Listings

CRES New Listings
Source: CREB

CREB RESIDENTIAL MONTHS OF INVENTORY

CREB RESIDENTIAL INVENTORY AND SALES

12,000

SF New Listings
TH New Listings
10 Year Average

450,000

12

400,000
10,000
350,000
8,000

300,000
250,000

6,000

10
8
6

200,000
150,000

4,000

100,000
2,000

BALANCED

50
000
50,000
-

Inventory

Sales

Benchmark Price

Months of Supply 3 month MA

Source: CREB

CREB RESIDENTIAL PRICE CHANGE COMPARISON

Source: CREB

CREB RESIDENTIAL PRICES

460,000

15%

440,000

10%

420,000

5%

400,000

0%

380,000
-5%
360,000
-10%
340,000
-15%

320,000

-20%

300,000

Average Price Y/Y Change

Index Y/Y% Change

Median Price Change

Source: CREB

CREB Calgary Regional Housing Market Statistics

Average Price

Median Price

Benchmark Price
Source: CREB

page 19 d

DEFINITIONS
SF - Single Family

LP - List Price

TH - Condominium Townhouse

Sales $ / List $ - sales price to list price ration

Months of Supply - Active Listings (Inventory) / sales

CRES - Country residential properties

Composite - includes single family, apartment and townhouse activity

YTD - Year to Date

Average DOM - Average Days on Market for Sold properties

3 month MA - 3 month Moving Average

SP Sales Price
Benchmark Price Price of the typical home, based on the value consumers assign to various attributes
MLS Home Price Index changes in home prices by comparing price levels at a point in time with price levels in a base (reference) period.

HOW THESE STATISTICS ARE CALCULATED

In order to align our data with the MLS Home Price Index (HPI), we made several changes to the data that we report, as well as the
monthly statistics.
The new package provides more information and data exclusions provide a better residential picture. All the data provided through
the monthly statistics package as of March 2012, reflect these adjustments. Please note, historical PDF packages do not include the
changes.
A summary of these changes is available below:
MONTHLY STATISTICS PACKAGE
We now provide monthly statistics for: CREB Total Residential, CREB Towns, CREB Country Residential (CRES), City of Calgary,
City of Calgary Single Family, City of Calgary Apartment, City of Calgary Townhouse.
Median prices have been removed and replaced with the benchmark price and the index.
MLS HPI Summary was added.
Several trending graphs and summary stats were added for each category
All categories exclude: vacant lots, time shares, parking stalls and mobile homes on leased land.
CITY OF CALGARY
Includes sales in Zones A, B, C, D only.
Condominium Apartment includes all Condominium title properties that are classified by type as either a low-rise or high-rise
apartment.
Condominium Townhouse include all Condominium titled properties that are not classified as an Apartment.
Historical inventories have been adjusted to best reflect the adjustments made to the data.
TOTAL MLS

Changed to CREB Total Residential and excludes the following:

Excludes: Rural Land, Country Recreational (CREC),
The exclusions applied to the data results in roughly 400 500 less sales per year.
Historical inventories have been revised to best reflect the adjustments made to the data, while Mobile Homes, Rural Land and

ABOUT CREB
CREB is a professional body of more than 5,100 licensed brokers and registered associates, representing 245 member offices. CREB
is dedicated to enhancing the value, integrity and expertise of its REALTOR members. Our REALTORS are committed to a high
standard of professional conduct, ongoing education, and a strict Code of Ethics and standards of business practice.
For Calgary Metro, CREB statistics include only Zone A, B, C and D for properties located in Calgary. Furthermore, all historical data
has been adjusted to the most current information.
Any use or reference to CREB data and statistics must acknowledge CREB as the source. The board does not generate statistics or
analysis of any individual member or companys market share. All MLS active listings for Calgary and area may be found on the
boards website at www.creb.com.
CREB is a registered trademark of the Calgary Real Estate Board Cooperative. The trademarks MLS and Multiple Listing Service are
owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who
are members of CREA. The trademarks REALTOR and REALTORS are controlled by CREA and identify real estate professionals
who are members of CREA, and subsequently the Alberta Real Estate Association and CREB, used under licence.

CREB Calgary Regional Housing Market Statistics

page 20 d