Posted on
April 15, 2024
by
Julie Parry
CITY OF CALGARY, APR 1 2024
“We have not seen March conditions this tight since 2006, which was the last time we reported high levels of interprovincial migration and a months-of-supply below one month,” said Ann-Marie Lurie, Chief Economist at CREB. “Moreover, we are entering a third consecutive year of a market favoring the seller as the as the two year spike in migration has driven up demand and contributed to the drop in re-sale and rental supply. Given supply adjustments take time, it is not a surprise that we continue to see upward pressure on home prices.
SOURCE: CREB.
Here are the market statistics for February 2024. Please don’t ever hesitate to call me if you ever have any questions on the market in your area.
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