Detached sales activity boosts February housing market
After the first two months of the year, Calgary's detached sector continues to drive a slow transition in the housing market. February sales totaled 1,342 units, which is still 19 per cent below long-term averages, but an improvement over the past two years.
As sales kept trending upward, detached inventory levels continued to ease in February. These conditions caused months of supply to fall to 2.4 months, putting less downward pressure on ...
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Homes provide shelter and refuge, but they are also most Albertan homeowners? single largest investment. Housing represents 47% of total assets for the average Alberta family ? much higher than stock market investments and pension plans combined (29%). Why is this important? Because homeownership benefits the economy as a whole, as well as individual homeowners. Let?s look at this in the context of the most recent stats on Alberta?s real estate, reported by the Canadian Real Estate Association. ...
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