Calgary home sales jump 29% in September, hitting record high
BNN Bloomberg
The Calgary Real Estate Board says there were 2,441 home sales in September, setting a record high last month.
The figure marked a 29 per cent increase compared with the same month last year, as the unadjusted residential benchmark price rose to $570,300, nearly nine per cent higher than September 2022.
But despite reporting year-over-year gains over the past four months, the board says year-to-date sales are still nearly 12 per cent lower than last year's levels.
It says inventory levels in September remained more than 24 per cent lower than levels last year and have not changed enough relative to sales activity to prompt a significant shift in supply and demand balances.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
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Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
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Wall Street is stumbling toward the finish line of a fourth straight losing week on Friday, but an ease in oil prices is taking some of the pressure off stock markets worldwide.