US EditionFlood of new supply freezes Calgary home price growth
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Flood of new supply freezes Calgary home price growth
Housing inventory in Calgary reached 6,917 units in July, a level not seen since before the pandemic, as supply in the city’s newer communities comes online. According to the Calgary Real Estate Board (CREB), inventory levels climbed 66 per cent from the same period last year. Supply is accumulating the quickest in neighbourhoods where new communities are being built, said CREB. The influx of listings has put downward pressure on prices in selec…
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