Calgary Real Estate in 2023: 1st Quarter Market Review

Are we at Buyer or Seller Market?  What caused the market to be so active in the first quarter?
Let's take a look at the 1st Quarter 2023 Market Review.

To everyone's surprise, the sales price for all single-family homes, townhouses, and apartments are up from the end of December benchmark prices.

The single-family home Benchmark price at the end of 2022 was $619,600. 


Due to the low inventory in Jan and February, the benchmark price has gone up to $649,800 in March, and it is higher than the peak market in May of 2022 ($648,500 at that time). Benchmark price has gone up 4.8% in 3 months' time.

For the Apartment, the Benchmark price has gone up 6.8% in the last 3…

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