Calgary housing inventory sinks to 2006 levels, sales almost halved: Alberta board

The Calgary Real Estate Board says last month's inventory levels were among the lowest the market has seen in February since 2006 as sales were almost halved from a year ago.

The board says sales for the month totalled 1,740, a 47 per cent fall from February 2022.

However, the board says last month's sales were consistent with typical seasonal behaviour and along with new listings and inventory, trended up from January's levels.

February's new listings amounted to 2,389, a 49 per cent drop from a year earlier.