If you’re considering buying a new home in Calgary, new data has revealed which neighbourhoods had the slowest property sales.

The online real estate platform Wahi shared data with Daily Hive that rounded up the neighbourhoods in YYC where properties were selling the slowest in the third quarter of this year. This means you can weigh your options for longer when looking for a place to buy in these areas.

According to the data, the Calgary neighbourhoods that saw properties sell the slowest in the third quarter of 2024, excluding anything fewer than five sales, were as follows:

• #4. Wildwood, with an average of 47 days on the market and a median sold price of $1,042,500

• #4. Belmont, with an average of 47 days on the market and a median sold price of $529,947.50

• #4. University Heights, with an average of 47 days on the market and a median sold price of $330,000

• #4. Pine Creek, with an average of 47 days on the market and a median sold price of $684,950

• #3. Christie Park, with an average of 48 days on the market and a median sold price of $1,144,500

• #3. Downtown East Village, with an average of 48 days on the market and a median sold price of $327,500

• #3. Cliff Bungalow, with an average of 48 days on the market and a median sold price of $220,000

• #2. Eau Claire, with an average of 71 days on the market and a median sold price of $745,000

• #1. Rosscarrock, with an average of 77 days on the market and a median sold price of $860,000

If these neighbourhoods don’t take your fancy, there are plenty of other areas in Calgary to continue your house search. But be quick if you’re interested in areas like Rosemont or Chinook Park, as those neighbourhoods are leading the list of where properties are selling the fastest.

If you’re planning on purchasing a home in Calgary, new data has revealed which neighbourhoods in the city are seeing properties sell the fastest.

According to data provided to Daily Hive by Wahi, the online real estate platform rounded up the five neighbourhoods in Calgary that are seeing properties sit on the market for the shortest amount of time in the third quarter of this year.

The top five neighbourhoods that saw properties sell the fastest in the third quarter of 2024, excluding anything fewer than five sales, were as follows:

• #5. Ranchlands, with an average of 16 days on the market and a median sold price of $560,000

• #5. Millrise, with an average of 16 days on the market and a median sold price of $525,000

• #5. Deer Run, with an average of 16 days on the market and a median sold price of $590,000

• #5. Elboya, with an average of 16 days on the market and a median sold price of $1,117,500

• #5. Queensland, with an average of 16 days on the market and a median sold price of $560,000

• #5. Red Carpet, with an average of 16 days on the market and a median sold price of $265,000

• #4. Vista Heights, with an average of 15 days on the market and a median sold price of $316,500

• #4. Willow Park, with an average of 15 days on the market and a median sold price of $713,750

• #3 Oakridge, with an average of 14 days on the market and a median sold price of $617,000

• #2. Chinook Park, with an average of 12 days on the market and a median sold price of $790,100

• #1 Rosemont, with an average of 11 days on the market and a median sold price of $939,500

(The list of where properties are selling the slowest)

Peter Mitham @ Western Investor

Calgary is Canada’s top market to watch when it comes to real estate in 2025, according to PricewaterhouseCoopers, with strong domestic and international interest.

“Canada has discovered Western Canada, and international markets have discovered Western Canada,” sources told the team preparing the 2025 Emerging Trends in Real Estate report, produced in partnership with the Urban Land Institute.

With a diversifying economy and a growing technology sector, including more than 300 clean-tech start-ups, Calgary is experiencing strong population growth that’s in turn driving demand for housing and services.

Office vacancies remain high, with downtown reporting a rate slightly below 30% according to CBRE Ltd., but Calgary is offering incentives to encourage the conversion of space to help address an oversupply of older B and C class space.

The recent sale 635 8th Avenue SW also signals renewed confidence among investors in office space in its own right.

Despite having some of the fastest-growing residential construction costs in Canada through the second quarter of this year, PwC noted that both rent and sale prices have kept pace with the increases. This is preserving margins and helping ensure ongoing investor interest.

These factors are also what sets Calgary apart from Vancouver, which placed second in the annual ranking of appeal to investors.

“Condo development in Vancouver is subdued due to financing challenges and high construction costs,” the report stated. “Several interviewees said land prices still haven’t come down enough to create a clear path to development since interest rates and construction costs remain high.”

The recent extension granted to Grosvenor on the Oakridge transit centre site illustrates the challenges. The ambitious makeover of the former bus depot has been delayed, with the city recently giving Grosvenor until 2033 to meet its commitments to the city for elements such as social housing and community amenities.

Cost is a big issue, a point made by those PwC interviewed for the trends report. The considerations even dog the rising number of sites being sold through court-ordered processes.

“We looked at over 50 land purchase deals over the last 12 months, and none made financial sense,” one source told PwC.

While some developers have launched new multi-family projects for sale as well as purpose-built rentals, market reception doesn’t mean it’s been easy to pull the trigger. Some have been in the planning stages for a while, such as Fraser Mills in Coquitlam. Presales have accelerated in recent months as lower interest rates drew in buyers, and Beedie Living broke ground on the first two towers in October.

In Vancouver, Prima Properties is set to launch Monogram, a 49-storey tower at Burrard and Davie, on a site whose low land costs make economic sense today. The site was purchased in 2005 for $13.4 million, which works out to $46 per buildable square foot as rezoned in 2021 (not including holding costs).

Others, such as a 141-unit multi-family rental development PC Urban and Fiera are building in Vancouver, broke ground in October having secured Canada Mortgage and Housing Corp. funding.

“It’s never been more difficult,” said Brent Sawchyn, founder and CEO of PC Urban. “We’re seeing a moderation in construction price but we’re still dealing with a 35% or 40% increase over the past few years.”

Throw in taxes, development cost charges (including Metro Vancouver’s plans to quadruple rates over the next three years) and other demands, and developments quickly become unviable.

Sawchyn notes a “recession of capital” has limited the financial resources of developers, which is where CMHC financing becomes key.

“It’s a huge, huge challenge to get a rental building under construction without CMHC financing,” he said.

However, CMHC has also changed its financing requirements over the last nine months, increasing affordable housing and energy efficiency requirements.

To address the challenges, PwC says Vancouver is seeing a trend of developers looking to partner with retail chains to occupy space in multiple properties to animate at-grade space.

Others are exploring joint ventures with long-term landowners to facilitate land acquisition and future development.

Market Overview

• Sales: 7 transactions, a 22% decrease year-over-year (Y/Y).

• New Listings: 11 properties, consistent with October 2023 levels.

• Inventory: 19 active listings, up 27% from the previous year.

• Months of Supply: 2.71 months, indicating a slightly tilted buyer’s market.

Pricing

• Benchmark Price: $905,500, reflecting a 6.3% Y/Y increase.

• Median Price: $900,000, up 11.1% Y/Y.

• Average Price: $938,786, an 8.1% increase Y/Y.

Property Types

• Detached Homes: Benchmark price at $977,600, a modest 2.2% Y/Y rise.

• Row Houses: Benchmark price at $503,500, up 8.2% Y/Y.

• Semi-Detached Homes & Apartments: No benchmark price recorded for October.

Market Trends

• Gradual price increases signal sustained demand despite declining sales.

• Inventory growth presents opportunities for buyers while moderating seller leverage.

• The sales-to-new-listings ratio at 0.64 reflects steady but balanced market activity.

Summary

The Hamptons real estate market in October 2024 showed resilience with notable price growth across most segments despite a decline in sales volume. The increased inventory offers choices for buyers, making it a strategic time for negotiations in this premium community.

Market Overview: The Edgemont real estate market showcased notable activity in October 2024 with continued growth in both sales and listings:

• Sales: A total of 12 residential properties were sold, marking a 50% increase year-over-year (Y/Y).

• Inventory: Inventory rose by 48% Y/Y, reaching 34 units available.

• New Listings: 23 new listings came to market, reflecting a 64% Y/Y rise.

Benchmark Prices by Property Type:

• Detached Homes: $865,500 (+7.2% Y/Y).

• Semi-Detached Homes: $491,900 (+18% Y/Y).

• Row Homes: $524,100 (+4.6% Y/Y).

• Apartments: $278,400 (+1.4% Y/Y).

General Residential Benchmark Price: $724,000, reflecting a 4.6% annual increase.

Key Metrics:

• Months of Supply: 2.83 months, indicating a balanced to slightly seller-leaning market.

• Sales-to-New-Listings (S/NL) Ratio: 0.52, suggesting moderate competition among buyers.

Trends and Insights:

• Detached homes remain the most significant driver of sales, with an annual increase of 175% in activity.

• The demand for apartments remains subdued compared to other property types, potentially signaling an opportunity for first-time buyers or investors.

• Market balance is improving with rising inventory levels, providing more options for buyers.

Community Features: Edgemont continues to attract interest for its desirable attributes, including:

• Recreational Amenities: Access to parks, trails, and community centers promoting outdoor and social activities.

• Convenient Location: Proximity to key commercial areas, schools, and transport links.

• Family-Friendly Environment: A strong sense of community with events and activities fostering neighborhood connections.

This blend of vibrant real estate dynamics and appealing community characteristics positions Edgemont as a thriving and sought-after market.

For more detailed market statistics or assistance, feel free to reach out!

Market Overview: In October 2024, Panorama Hills showcased a dynamic real estate market with significant activity across various metrics:

• Sales: 28 properties sold, reflecting a 20% year-over-year (Y/Y) decrease.

• New Listings: 50 new properties listed, marking a 35% Y/Y increase.

• Inventory: 80 units available, a substantial 142% increase Y/Y.

Benchmark Prices by Property Type:

• Detached Homes: $775,100 (+5.7% Y/Y).

• Semi-Detached Homes: $562,200 (+5.9% Y/Y).

• Row Homes: $412,500 (+14.0% Y/Y).

• Apartments: $320,100 (+7.2% Y/Y).

Overall Residential Benchmark Price: $558,900, showing a modest 0.7% increase Y/Y.

Key Market Metrics:

• Months of Supply: 2.86 months, leaning toward a balanced market.

• Sales-to-New-Listings (S/NL) Ratio: 0.56, indicating a steady competition among buyers.

Market Insights:

• The increase in inventory provides more opportunities for buyers to explore available options.

• While sales have slowed slightly, price stability across all property types highlights the neighborhood’s desirability and market resilience.

Community Features: Panorama Hills remains a sought-after neighborhood due to its excellent amenities and family-oriented appeal:

• Recreational Options: Access to green spaces, pathways, and community centers makes Panorama Hills ideal for outdoor enthusiasts.

• Education and Convenience: The area features a variety of schools and is conveniently located near major transportation routes and shopping hubs.

• Community Spirit: The neighborhood fosters a sense of belonging with regular events and initiatives aimed at enhancing resident experiences.

Panorama Hills continues to maintain its status as a preferred destination for families and individuals, combining strong market performance with an outstanding quality of life.

In October 2024, Signal Hill’s real estate market experienced a steady performance with 20 total residential sales, reflecting a slight year-over-year (Y/Y) decline of 5%. Here’s a breakdown of key trends:

Sales and Inventory

• Sales: Total residential sales stood at 20, with 8 detached homes and 10 apartment units dominating the activity. Semi-detached and row homes saw minimal activity, with semi-detached sales dropping to zero.

• Inventory: Total inventory increased by 86% Y/Y to 39 units, contributing to a more balanced market.

• New Listings: A total of 28 new listings were added, a 22% increase from October 2023.

Benchmark Prices

• Overall: The total residential benchmark price for Signal Hill reached $664,300, up 5.5% Y/Y.

• Detached Homes: The benchmark price for detached homes stood at $912,000, showing a 4.8% Y/Y increase.

• Apartment Condominiums: Benchmark prices for apartments rose to $375,200, reflecting an 8.7% Y/Y growth.

• Row Homes: The benchmark price for row homes was $458,600, up 9.7% Y/Y.

• Semi-Detached Homes: No transactions occurred this month, limiting available price trend data.

Market Conditions

• Months of Supply: The months of supply increased to 1.95, signaling a more balanced market compared to previous months with tighter conditions.

• Sales-to-New-Listings (S/NL) Ratio: The S/NL ratio stood at 71%, indicating a moderate absorption rate.

• Days on Market (DOM): Average DOM increased slightly to 22 days, aligning with seasonal trends.

Observations
Signal Hill’s market in October 2024 reflects stability with modest price gains across most segments and increased inventory supporting more balanced conditions. Detached homes and apartments remain the primary drivers, while row homes also show strong price growth.

Calgary Real Estate Market Report - OCT 2024

Sales gains for homes priced above $600,000 offset declines at the lower end of the market, resulting in October sales that were similar to last year. The 2,174 sales in October increased over September and stood 24 per cent above long-term trends for the month. “Housing demand has stayed relatively strong in our market as we move into the fourth quarter, with October sales rising over last month,” said Ann-Marie Lurie, Chief Economist at CREB®. “However, activity would likely have been stronger if more supply choices existed for lower-priced homes. Supply levels in our market are improving relative to the ultra-low levels experienced last year, but much of the gains have been driven by higher-priced units for each property type. This results in conditions far more balanced in the upper end of the market versus the seller's market conditions in the lower to mid-price ranges of each property type.”

The gains in new listings relative to sales over the past six months have supported inventory gains in the city. As of October, 4,966 units were available, a significant improvement over the near-record low of 3,205 units reported last October. While inventories are starting to reach levels more consistent with long-term trends, the inventory composition has changed as nearly half of all the residential inventory is now priced above $600,000.

Adjustments in supply are helping move the market away from the tight market conditions experienced in the spring. However, conditions remain relatively tight, with 2.3 months of supply and a 67 per cent sales-to-new listings ratio, and the months of supply does vary significantly by price range and property type. For example, detached homes priced below $700,000 are reporting less than two months of supply, while homes priced over $1,000,000 are reporting over three months of supply. This is likely resulting in different price pressures depending on price range and property type.

Overall, the total residential benchmark price was $592,500 in October, over four per cent higher than last October and on a year-to-date basis, averaging over eight per cent higher than last year's levels. The unadjusted benchmark prices did ease slightly over last month due to seasonal factors, as seasonally adjusted prices remained relatively stable in October compared to September.

Please read the full report here.

Overview

In October 2024, Auburn Bay in SE Calgary saw significant activity in its real estate market, reflecting both a strong demand and notable price increases across different property types. This report provides a detailed analysis of the residential market performance, including price trends, inventory levels, and sales statistics.

Market Snapshot

• Average Home Price: $631,600.00

• Median Home Price: $610,000

• Price Range: $370,000 to $1,435,000

• Average Days on Market: 23

• Total Residential Sales: There were 31 total residential property sales in October, a 63% increase year-over-year (Y/Y).

• New Listings: New listings increased by 34% Y/Y, totaling 47 for the month.

• Inventory: The total residential inventory stood at 60, marking a 19% increase from October 2023.

• Months of Supply: The overall months of supply reached 1.94, indicating a somewhat balanced market, though leaning towards a seller's market in specific property types due to low supply.

Property Type Analysis

1. Detached Homes

   • Sales: 16 detached homes were sold, a remarkable 129% increase Y/Y.

   • Benchmark Price: $803,100, reflecting a 9% rise from the previous year.

   • New Listings: 23 new listings, marking a 44% increase Y/Y.

   • Months of Supply: 1.17, indicative of a competitive seller's market for detached properties.

2. Semi-Detached Homes

   • Sales: Sales remained stable with 3 units sold, the same as October 2023.

   • Benchmark Price: $520,800, up by 10% Y/Y.

   • New Listings: 6 new listings, a 100% increase compared to the previous year.

   • Months of Supply: 0.61, showing strong demand and limited supply in this segment.

3. Row Houses

   • Sales: Sales reached 9 units, an 80% increase Y/Y.

   • Benchmark Price: $465,300, up by 15% from October 2023.

   • New Listings: There were 10 new listings, marking a 150% increase Y/Y.

   • Months of Supply: 0.97, maintaining a tight supply level for row homes.

4. Apartment Condos

   • Sales: Apartment sales decreased, with only 3 units sold (a 25% decline Y/Y).

   • Benchmark Price: $377,300, a significant 18% increase Y/Y, likely due to the scarcity of available inventory.

   • New Listings: New listings decreased to 8, a 33% drop from the previous year.

   • Months of Supply: High at 6.33, indicating a slower-paced buyer's market.

Price Trends and Affordability

The benchmark price for total residential properties in Auburn Bay averaged $631,600, marking a 6% increase from the prior year. Across all property types, detached homes continued to command the highest prices, while apartment condos remained the most affordable.

Price Distribution

• A majority of detached home sales occurred in the $700,000–$999,999 price range.

• Row houses and semi-detached homes typically fell in the $400,000–$599,999 range, appealing to middle-market buyers.

• Apartment sales were concentrated below $400,000, catering to entry-level and investment buyers.

Conclusion

Auburn Bay’s real estate market in October 2024 reflected strong demand, particularly for detached, semi-detached, and row houses. Increased sales and rising prices across most segments indicate robust buyer interest. Apartment condos, however, faced softer demand, likely due to higher months of supply. The market dynamics suggest Auburn Bay remains attractive for both homeowners and investors, with low months of supply in several categories signaling continued demand-driven price support.

Overview: Copperfield in SE Calgary displayed a balanced real estate market in October 2024, with consistent demand and price growth, making it appealing for buyers and investors alike. The area, known for its family-friendly vibe, amenities, and green spaces, continued to attract steady interest despite seasonal cooling.

Market Activity:

• Sales: Total residential sales were recorded at 26 properties, marking a 30% decline year-over-year, likely influenced by increased inventory and a typical seasonal slowdown.

• New Listings: A total of 43 new listings were added in October, reflecting a 23% year-over-year increase, giving buyers more options and pushing inventory levels higher.

• Months of Supply: Copperfield saw a months-of-supply level at 1.73, up significantly by 96% from last year, indicating a shift toward a more balanced market.

• Average days on the market: 22 days

Price Trends:

• Detached Homes: 10 SOLD, $499,988 - $868,500. The benchmark price for detached homes reached $647,800, up by 8% year-over-year, indicating strong demand for single-family residences. Average days on the market was 12 days.

• Semi-Detached and Row Homes: 7 SOLD, $423,500 - $473,000. Semi-detached data was not reported; however, row homes averaged $446,800, showing an 8% annual increase. Average days on the market was 34 days.

• Apartments: 9 SOLD, $230,000 - $354,900. The benchmark price for apartments rose to $356,300, a 5.4% increase from last year, reflecting a stable demand for more affordable housing options. Average days on the market was 23 days.

• Overall Residential: The total residential benchmark price in Copperfield was $529,000, up by 5.4% year-over-year, showcasing steady market appreciation across all segments.

Buyer and Seller Dynamics:

• Buyers: With a moderate inventory increase and stable prices, buyers have an expanded selection, though popular detached homes are still highly sought after.

• Sellers: Well-maintained properties, especially detached homes, continue to be in demand. Sellers are encouraged to price competitively to attract the season’s remaining buyer interest.

Conclusion: The Copperfield market in October 2024 displayed resilience, with positive price trends across housing types despite a seasonal sales dip. As we move further into the fall and winter months, the increased inventory and stable pricing provide balanced opportunities for both buyers and sellers​.

The Legacy real estate market in October 2024 remained strong and competitive, with an increase in both sales and home prices. The benchmark price for total residential properties reached $985,500, reflecting a 6.9% year-over-year (Y/Y) increase.

Key Market Stats:

• Sales: 32 transactions (+28% Y/Y)

• New Listings: 40 listings (+14% Y/Y)

• Months of Supply: 2.16 months (indicating a balanced market)

• Inventory: 69 active listings (+30% Y/Y)

• Sales-to-New Listings Ratio: 0.80, signaling strong buyer demand.

• Median Price: $552,500 (+5.2% Y/Y)

• Average Price: $495,626 (+0.7% Y/Y)

Property Type Breakdown:

• Detached Homes: $1,042,700 benchmark price (+2% Y/Y)

• Row/Townhouses: $426,000 benchmark price (+6.9% Y/Y)

• Apartments: $338,100 benchmark price (+5.5% Y/Y)

• Semi-Detached: No sales recorded this month.

Market Trends

1. Increased Sales & Buyer Demand

• Sales were 28% higher than October 2023, showing consistent demand for properties in Legacy.

• The Sales-to-New Listings Ratio (0.80) indicates that a large portion of new listings are selling quickly.

2. Rising Home Prices

• The benchmark price grew by 6.9% Y/Y, driven by high demand and limited supply.

• The detached home market remains strong, with values exceeding $1 million.

3. Balanced Market Conditions

• The Months of Supply (2.16 months) suggests a balanced market, neither favoring buyers nor sellers.

• With rising inventory levels, more choices are becoming available for buyers.

Community Features

Legacy is one of Calgary’s fastest-growing communities, offering modern homes, ample green space, and convenient access to key amenities.

• Parks & Outdoor Spaces: Features over 300 acres of environmental reserve, walking trails, and Legacy Park.

• Dining & Shopping: Home to Legacy Village and close to Shawnessy Shopping Centre, providing retail stores, restaurants, and services.

• Recreation: Quick access to Blue Devil Golf Course and the Bow River pathways.

Schools in Legacy

Legacy is a family-friendly community with access to excellent schools, including:

• All Saints High School (Catholic)

• Ridgegate School (Public, opening soon)

• Nearby schools in Walden and Silverado also serve Legacy residents.

Shopping & Accessibility

• Legacy Corner & Legacy Village provide shopping, dining, and grocery options within the community.

• South Health Campus is a short drive away for medical services.

• Stoney Trail & Macleod Trail offer easy access to downtown Calgary and other parts of the city.

• Calgary Transit provides bus routes connecting to LRT stations.

Legacy’s real estate market remained strong in October 2024, with high demand, rising prices, and a balanced supply. The community continues to attract families and professionals with its modern amenities, excellent schools, and convenient location.

Overview

As of October 2024, the Seton community in Southeast Calgary continues to show a dynamic real estate landscape. Known for its modern amenities, proximity to the South Health Campus, and vibrant community spirit, Seton remains a desirable location for both first-time homebuyers and families.

Market Trends

Sales Activity

• Total Sales: In October 2024, Seton recorded a total of 25 residential sales, reflecting a 7.4% decrease from the previous year. This may because of the price increase in the area.

• Average Days on Market: Homes in Seton are selling faster, with an average of 39 days on the market, down from 31 days in September.

Pricing

• Median Home Price: The median sale price for homes in Seton is currently $475,600, which is a 7.4% increase compared to October 2023. This upward trend signifies the community’s growing appeal and the competitive nature of the market.

• Price Range:

  8 SOLD Detached houses: $645,000 - $885,000;

  4 SOLD Townhouses: $237,000(Bungalow style) - $506,586;

  13 SOLD Apartments: $287,000 - $490,000.

Inventory

• Active Listings: As of the end of October, there are 72 active listings in Seton. This represents a balanced market, with inventory levels sufficient to meet current demand.

• New Listings: There were 44 new listings added in October, indicating a healthy turnover of properties.

Community Highlights

Seton was established in 2018 however construction began on some amenities several years prior, when completed, will include a mixture of residential and business development, and will be served by a proposed southeast leg of the city's C-TRAIN system, also known as the Green Line. Seton is home to the 44-acre (180,000 m2) South Health Campus, a major hospital for the Calgary Region, which opened in 2011. (Wikipedia.org)

Conclusion

Overall, the real estate market in Seton SE Calgary remains strong and resilient as of October 2024. With increasing sales and a steady rise in home prices, the community continues to be a popular choice for buyers. The combination of desirable amenities, a family-friendly atmosphere, and robust market activity suggests a promising outlook for the upcoming months.

Recommendations for Buyers and Sellers

• Buyers: Given the current competitive market, potential buyers should be prepared to act quickly and consider making offers above asking price in highly desirable properties.

• Sellers: For those considering selling, staging homes and competitive pricing will be key to attracting buyers and securing timely sales.

For more detailed insights or personalized advice, feel free to reach out!