In this market update, we take a close look at Calgary’s real estate sector and how it’s being affected by an unprecedented inventory shortage. With a 60% drop in new property listings, the market tends to favor sellers. However, with interest rates weighing heavily in buyers’ decision-making, sellers must do their homework and price their homes reasonably. While the market isn’t on the crest of a wave, buyers will be buying into a resilient market with significant future upside.
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