Strong Demand In Surrounding Areas Causes Declining Inventories

For the third consecutive quarter, sales growth in all communities surrounding Calgary was in the double digits. In addition to lifestyle preferences, demand in surrounding areas has improved due to the relative price advantage over Calgary and less supply constraints in many of the surrounding markets.

During the first quarter of the year, 44 per cent of new listings in surrounding areas were priced below $400,000. Within the city of Calgary, 23 per cent of single family homes were under this price point. (more…)

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