Calgary home sales hit record as buyers flee pricier markets: CREB economist
BNN Bloomberg
Home sales in Calgary hit a record high in September, and the chief economist with city’s real estate board says the increase is largely due to interprovincial migration as buyers seek relief Canada’s pricier housing markets.
Home sales in Calgary hit a record high in September, and the chief economist with city’s real estate board says the increase is largely due to interprovincial migration as buyers seek relief Canada’s pricier housing markets.
On Tuesday, the Calgary Real Estate Board reported that the Alberta city saw 2,441 homes sold in the month of September, representing a record high. September home sales marked a 29 per cent increase from the same period last year.
Ann-Marie Lurie, the chief economist at the Calgary Real Estate Board, told BNN Bloomberg that the city has experienced “exceptionally strong demand” over the past several months as people relocate there from more expensive Canadian cities.
