Anna Pitt - MaxWell Capital Realty

In line with seasonal trends, inventory has risen from the start of the year, reaching 6,752 units in May. While these levels are consistent with last May, they remain 11 per cent higher than longer-term trends for the month, thanks to higher supply levels of apartment and row-style homes. Meanwhile, inventory levels for detached homes are down three per cent compared with both last year and long-term trends.

At the same time, sales activity has been slowing. Calgary sales in May were 2,162 units, 16 per cent lower than last year’s levels and similar to sales reported in April. While new listings also slowed by 13 per cent compared with last year, it was not enough to offset the pullback in sales, causing the sales-to-new-listings ratio to ease to 51 per cent. The lower ratio also contributed to some of the inventory build, causing the months of supply to rise. However, conditions do vary across the market, with a range of two-and-a-half months of supply in the detached market to more than five months of supply in the apartment condominium market.

“The shift in supply is being felt in the market. More supply choice in the new and rental markets has created a more competitive environment for potential buyers. At the same time, concerns over rising cost of living and slower migration are also weighing on consumers,” said Ann-Marie Lurie, Chief Economist at the Calgary Real Estate Board (CREB®). “While this has caused the overall resale market to shift to a balanced state, the supply pressure is having a more prevalent impact for apartment-style units, where conditions are favouring the buyer. This is also impacting price movements, with apartment prices continuing to trend down and other property types reporting a seasonal lift over the winter months.”

The unadjusted total residential benchmark price in May was $570,500, up over April’s levels and the $554,400 reported in January, but still three per cent lower than last May. Most of the unadjusted monthly gain was driven by detached homes, which rose from $724,000 in January to $747,800 in May. Apartment prices remain lower than January levels and are nine per cent lower than levels reported last May. Overall, when adjusting for seasonality, total residential prices have remained relatively stable, as detached improvements have offset pullbacks for apartment-style homes.

If you’re looking to de-stress, reclaiming your personal space can be a great way to reset your routine and make a fresh start. It’s also a good opportunity to clear out clutter. Even small changes can reduce your stress and help spaces feel easier to live and work in. Here are some ways to get started:

At home
- Start small by decluttering one area at a time, focusing on surfaces you see every day like counters, tables and couches.
- Gather items you rarely use into a box and revisit it after a few months to decide what to keep, donate or sell.
- Reduce paper clutter by switching to paperless billing where possible.
Improve air quality by changing furnace or air conditioning filters as needed and keeping indoor humidity below 50 per cent.

In your car
- Keep a small garbage bag handy to prevent clutter from building up.
- Vacuum seasonally and remove salt or gravel from floor mats.
- Clean dashboards and doors with a cloth and warm water instead of chemical cleaners.
- Avoid air fresheners or deodorizing products that can irritate your airways.

At work
- Keep only the items you use every day on your desk.
- Clear papers and unnecessary items at the end of each day and keep a recycling bin nearby.
- Organize documents into folders and store them in a drawer close to your workspace.
- Adjust your setup for comfort by keeping your monitor at eye level and your keyboard properly positioned.

Small changes can help you refresh your spaces. Find more tips and resources at cooperators.ca.

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“Growth is never by mere chance; it is the result of forces working together.” – James Cash Penney