2006-like surge in Calgary's housing market due to interprovincial migration, with March home sales up 9.9% and inventory down 22%.
Calgary's housing market is experiencing a surge due to interprovincial migration, with March home sales rising 9.9% from the previous year, according to the Calgary Real Estate Board. New listings fell by 4.3%, and inventory dropped by 22%, leading to a 50% reduction in traditionally seen March levels. The tight market conditions are reminiscent of 2006, when high levels of interprovincial migration were also observed in Calgary.
April 01, 2024
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