Calgary Real Estate: Mid-March Update
Calgary's real estate market continued to fire on all cylinders through the first 15 days of March, with sale numbers & prices up in both the home and condo segments. BMO Capital Markets released a report Friday which suggested Alberta was bound for another housing boom, but not at the frenzied pace seen in 2006/2007.
The pace of growth in Alberta's economy today, while "clearly superior" and "head and shoulders above the rest of the country", does not match that seen in 2006.
Demand for property continues to be stronger than anything seen since 2007, and while inventory levels are lower than at anytime since then, they are still higher than they were during the peak.
Globe & Mail Video: Demand for…