Calgary real estate hits eight-month price high amid inventory crisis

In August, Calgary's real estate market hit a new milestone, with prices rising for the eighth consecutive month and setting a new sales record for the month. Despite this growth, year-to-date sales continue to lag 15% behind last year's pace, and the number of available units has plummeted to a record low of 3,254. Higher lending rates have led to potential buyers holding off on purchases, and the lack of supply is further driving up prices for detached homes.

Continue to full article

Leave a Reply

Your email address will not be published. Required fields are marked *