US EditionCalgary Home Sales Drop in May Amid Ongoing Economic Uncertainty: CREB
- Home sales in Calgary decreased by 17 percent in May compared to last year, according to the Calgary Real Estate Board .
- In May, 2,568 homes were sold, while new listings rose to 4,842, an increase of 11.6 percent from a year earlier.
- Calgary's inventory reached 6,740 homes, maintaining a relatively balanced supply of 2.6 months.
- Ann-Marie Lurie, chief economist at CREB, stated that increased inventory has helped shift the market towards balanced conditions and reduced pressure on prices.
14 Articles
14 Articles
Winnipeg Free Press
Calgary home sales drop in May amid ongoing economic uncertainty: CREB
Breaking News, Sports, Manitoba, Canada
Calgary home sales slide, inventory swells; CREB cites ‘balanced’ conditions
Home sales continued to grind down in Calgary in May, with sluggish condo and row house activity being the main culprit, says the Calgary Real Estate Board. Due to “steep pullbacks” in the condo sector, total residential sales in Calgary declined by 17 per cent compared to May of last year, says CREB. Despite the significant drop, last month’s 2,568 sales were 11 per cent higher than the long-term trend for May, and improved over the prior mont…
Calgary home sales slide 17% in May, but remain above long-term average - Mortgage Rates & Mortgage Broker News in Canada
Calgary’s housing market saw another year-over-year decline in sales last month, led by a sharp drop in apartment transactions. But activity still came in above typical May levels, suggesting demand hasn’t disappeared—it’s just normalizing. There were 2,568 homes sold in May, a 17% decline compared to the same time last year. However, sales were still …
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