May 2022 Calgary Real Estate Statistics Recap
We're all watching the news, increasing interest rates, gas prices are through the roof, inflation is at all time highs, and there seems to be no end in sight, what does this mean for buyers and sellers looking to make a move in the Calgary real estate market? First off and foremost, if you haven't locked in rates with a mortgage broker or your bank, you're now in a position where your money simply won't go as far as it once would, but as the market continues to increase with inventory along with declines in sales, we're likely to see a real estate market that reflects the other major markets in our economy.
We saw a decrease of over 9% in sales from last month, new listings came down 6% from last…
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