October 2016 was the first time in two years that sales activity resembled long term normal levels. Sales for the City of Calgary totalled 1644 units, an increase of 16% over October 2015. CREB economist Ann-Marie Lurie said that this may have been a result of recent mortgage rule changes, increased inventory in the lower price ranges, and listing price adjustments. It remains to be seen if this is ...
November 15, 2016