The Alberta Real Estate Association has announced the launch of its interactive online portal featuring more than 18 years of data on the province’s housing activity.
The Statistics Dashboard tool, which is accessible at the association’s website albertarealtor.ca, presents market trends in a readily comprehensible visual format. Among the accessible data include sales activity, price movements, and inventory.
Interested parties can also draw comparisons between various Alberta regions. Figures will be updated on the sixth of each month.
“For the first time, the public can get a look into the housing market in an easily digestible format, giving them enough information to understand Alberta market movements on their own accord,” AREA chief economist Ann-Marie Lurie said.
“Most people have an interest in the housing market as it is typically their largest investment,” she added. “The statistics tool can provide them insight into current movements in supply, demand, and prices at both regional and provincial levels.”
Tight inventory remained a defining feature of the market, despite slower sales in every region last month, except in Calgary and Lloydminster.
“Demand for housing still remains slow across most Alberta markets. This does not come as a surprise, as many regions continue to struggle with persistent weakness in the job markets and concerns regarding the province's economic prospects,” Lurie explained. “The current improvements in the housing market are mostly driven by supply adjustments.”