May Market Trends
The Market Trends Report keeps you informed and up-to-date on the latest trends in Calgary and the region. The report is updated monthly.
May saw an increase in both single-family and multi-family permits from the previous month and the previous year.
The absorbed inventory that was seen in March and April is starting to become more balanced with more home buyers entering the market.
In a recent report the Canadian Mortgage and Housing Corporation (CMHC) said that, “Housing starts are on the rise this year in most centres in Alberta and Saskatchewan – a good indicator these oil and gas-dependent provinces are on the road to recovery. Strengthening labour market conditions in Calgary, Edmonton and Regina have generated more optimism among local homebuilders.”