Increase in new Calgary MLS listings gives buyers more choice; helps prevent further tightening in the market.
October press release from the Calgary Real Estate Board follows:
City of Calgary residential sales totaled 1,923 units in September, 19 per cent higher than last year and 14 per cent higher than long-term averages for the month. While sales activity over the past three months has been above long-term trends, it was less so in September than in July and August.
"The impact of the floods likely boosted sales throughout July and August, and it appears as though some of that additional demand is starting to ease," said Ann-Marie Lurie, CREB® chief economist. "Nonetheless, sales growth remains strong, in part because net migration has been