[January 20' Update]: Calgary’s real estate market in December caps off 2019 with more signs of stability!
Posted by Megan Bourque on
Media release: Calgary’s real estate market in December caps off 2019 with more signs of stability
City of Calgary, January 2, 2019 – December sales improved to levels more consistent with activity recorded over the past five years. This follows weak sales activity last year.
A stronger second half in 2019 was enough to push annual sales up by one per cent.
“Price declines, lower mortgage rates and some modest improvements in full-time employment helped support some demand growth in the city. Reductions in supply are also contributing to the slow adjustment to more stable conditions in the housing market,” said CREB® chief economist Ann-Marie Lurie.
“As oversupply in the market continues to ease, we should start to see more…
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