New listings were up but still below what would normally be seen in Calgary at this time of year, which means the supply situation hasn’t improved.
“We have not seen March conditions this tight since 2006, which is also 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 in a news release on Monday. Prices have increased across all property types, with row and apartment-style homes seeing the most significant gains.Are ‘mom-and-pop’ investors pricing out first-time homebuyers?The prices are lower than Calgary but they are creeping up in those communities as well and inventory is dropping.
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