Strong Consumer Demand Driving Calgary Housing Market

Although additional resale housing inventory is expected to hit the Calgary market in the spring, a new real estate report says it will be absorbed by strong consumer demand.

 

The report by Sotheby’s International Realty Canada, released Tuesday, said the outlook for Calgary’s real estate market is positive based on key economic indicators and demand is being driven by low interest rates, tight rental and resale real estate markets and strong economic fundamentals.

 

Calgary’s marketplace demand is due to a number of factors including high incomes and strong net migration to the city.

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