The Calgary housing market is transitioning from rapid growth to a more balanced state, marked by increased construction activity and rising inventory. New listings surged by 22% year-over-year, with condos up 30%. Active listings reached four-year highs, and the sales-to-new listings ratio has dropped below 60%, indicating a shift in negotiating power to buyers. Despite these changes, the market remains robust, with stable prices and lower monthly mortgage payments. The outlook suggests continued increases in resale inventory, contributing to market normalization.
Continue to full article
Leave a Reply