Calgary housing market sees record-high sales for April
BNN Bloomberg
April was a record month for sales in Calgary’s housing market.
April was a record month for sales in Calgary’s housing market.
The Calgary Real Estate Board said sales activity rose six per cent compared to last year with 3,401 properties changing hands -- a record high for April -- although it noted sales slowed from the prior month.
“Despite some of the monthly pullback, it is important to note that sales remain exceptionally strong and are likely being limited due to supply choice in the market,” said Ann-Marie Lurie, chief economist with the Calgary Real Estate Board, in a release on Monday.
“While further rate increases will likely start to dampen demand later this year, more pullbacks in new listings this month are ensuring the market continues to favour the seller, resulting in further price gains."
New listings fell by 2.1 per cent year-over-year. The overall supply of homes in Calgary has remained below two months since November.
The benchmark price of a home hit $526,700, a two per cent rise from March and a 17 per cent jump compared to April of last year, according to the board.
