The Calgary Real Estate Board says home sales in the city dropped last month as economic uncertainty took a toll on consumer confidence.
The board says 2,159 homes changed hands in March, down 18.8 percent compared with the same month last year, as sales in Calgary slowed across all property types.
CREB chief economist Ann-Marie Lurie says it’s not surprising to see a pullback in sales given the uncertainty caused by the threat of tariffs, however she notes that activity remains stronger than it was between 2015 and 2020, when Calgary saw significant economic challenges and job losses.
There were 4,019 new listings on the market last month, up 26.7 percent from a year earlier, as the city’s inventory reached 5,154 homes for sale—more than double the supply available at the same time last year.0….