September 2017 Statistics
Posted by Ken Richter on
Good news, Calgary! Gains in the real estate market for the first half of 2017 have bumped sale levels 7% higher than last year!
Inventory levels rose to 6,861 units in September. While this increase was seen across all the different property types, attached homes and apartments saw the largest increase. CREB® chief economist AnnMarie Lurie reported:
“The recent rise in inventories is preventing further price recovery as sales activity has moderated over recent months. This does not come as a surprise as sales activity is expected to remain modest by historical standards until more substantial economic improvements take hold. Some may consider this a setback, but it is important to note that recent movements are balancing out the higher than…
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