WORLD'S BEST CITIES

A new report published in 2021 by Resonance Consultancy shows our beautiful city of Calgary in the Top 50 out of 100 best cities in the world.

Is anyone not surprised by this????

Calgary is a fabulous city to live and thrive in and one of the many reason that I have never left!  

Back to the report that was featured in this Calgary Herald news article in September, our Calgary placed 49th out of 100 for best cities, beating out Edmonton, Lisbon, Osaka, and Denver.   

The Consulting organization looks at 6 categories when making the list:  including prosperity where Calgary placed 31st and people where Calgary placed 13th (no surprise there as we Calgarians are a diverse and educated bunch).

It clearly shows how resilient we are, despite a struggling economy and an increase in unemployment rates, there is still plenty or reasons to love and enjoy living in this wonderful city. 

My favorite part of the article was this quote:

"People here walk with the velocity of New Yorkers and cut to the chase like Texans."

If that doesn't perfectly describe this diverse community, filled with entrepreneurialism then my guess is, you aren't from around here.  

READ HERE for the report  

CREB^®’s Q3 2021 Housing Report released

City of Calgary, Oct. 19, 2021 –

For the full report, please download CREB^®'s Q3 2021 Calgary & Region Quarterly Update Report here.

The pace of growth and level of sales have eased from the record highs seen in the second quarter, but with 6,628 sales, this was the best third quarter since 2014.

Much of the strength in demand was likely driven by the low-lending-rate environment and increased savings among those whose incomes were not impacted by COVID-19 shutdowns.

"Sales have slowed from the record pace seen earlier this year, but some of this slowdown was likely related to limited improvements on the supply side of the market," said CREB^® Chief Economist Ann-Marie Lurie.

"Supply-demand balances improved for buyers compared to what we saw in the spring, but the market continued to favour the seller in the third quarter". 

The number of new listings coming onto the market has increased compared to last year. However, the quarterly decline in new listings outpaced the pullback in sales, causing supply levels to trend down in the quarter and remain lower than last year's levels.

"Persistently tight conditions have supported price gains in the market, with new record highs set in both the detached and semi-detached sectors," said Lurie.

"However, with fewer supply challenges facing the apartment sector of the market, price gains there have not been enough to erase the declines recorded over the past six years."

In Calgary, the residential benchmark price rose by one per cent compared with the previous quarter and sits over nine per cent higher than prices recorded in the third quarter of last year.

Meanwhile, many of the areas outside of Calgary city limits have seen exceptionally strong sales and supply that has not kept pace with demand. For many of these areas, lack of supply has contributed to steeper price gains than what has been seen in the city, narrowing the price gap between the two. 

Following record-shattering sales across major markets through the first half of 2021, Canada’s metropolitan luxury real estate markets continue to reflect unprecedented circumstances leading into fall 2021. With an unsatiated undercurrent of demand across every major market and a new wave of prospective real estate consumers imminent, rising prices and steady activity are forecasted for fall.

Key Influences

• Severe inventory deficit sparks price gains, undermines potential sales
• Return to city living ignites urban sales and condominium demand
• Job gains bolster top-tier real estate sales
• Gap between luxury and conventional housing trends widen

READ THE FULL REPORT HERE