Inventory rises, but sellers’ market conditions persist With 2,989 sales, housing market activity hit a new May record. Despite strong levels of sales, they did trend down relative to last month. Additionally, there were 4,562 new listings, causing seasonally adjusted inventory levels to increase over last month. “The recent gains ...
Continue ReadingDemand for homes remains high with record sales in April There were 3,209 sales in April, a new record high for the month, as Calgary’s housing market continues to bounce back from the pandemic lows recorded in 2020. “Despite entering the third wave of COVID-19, there is more optimism of ...
Continue ReadingThe economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is supporting stronger-than-expected ...
Continue ReadingCalgary housing market sees best March sales in over a decade! Persistent sellers’ market conditions contribute to price gains. The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, ...
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