Calgary real estate market sizzles as newcomers flock to Alberta
BNN Bloomberg
As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in Alberta's largest city.
This summer, the hottest commodity in town isn't the perfect pair of cowboy boots or a well-broken-in Stetson — it's a detached home on a nice lot or a perfect downtown condo with a view.
"It started taking off around February, and it's been like this all year," said Calgary real estate agent Matt Halladay, who has been helping buyers navigate what has become Canada's hottest real estate market in 2023.
That means homes selling often the day they're listed, he said, for well over the asking price — and occasionally sight unseen, as sellers accept a bid before the scheduled viewings even start.
