CREB®’s Q3 2021 Housing Report released
Posted by Billy Peshke on
City of Calgary, Oct. 19, 2021 –
For the full report, please download CREB®'s Q3 2021 Calgary & Region Quarterly Update Report here.
The pace of growth and level of sales have eased from the record highs seen in the second quarter, but with 6,628 sales, this was the best third quarter since 2014.
Much of the strength in demand was likely driven by the low-lending-rate environment and increased savings among those whose incomes were not impacted by COVID-19 shutdowns.
"Sales have slowed from the record pace seen earlier this year, but some of this slowdown was likely related to limited improvements on the supply side of the market," said CREB® Chief Economist Ann-Marie Lurie.
"Supply-demand balances improved for buyers compared to what we…
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