The Calgary Real Estate Board says home sales in the city decreased again on a year-over-year basis last month amid uncertainty over the economy, while new listings and inventory both grew.
The board says 2,236 homes were sold in April, marking a 22.3 percent decrease compared with the same month last year, as sales in Calgary slowed across all property types.
CREB chief economist Ann-Marie Lurie says that while sales have been softening in recent months, activity is still outpacing the levels seen during the economic downturn that plagued the city leading up to the pandemic, thanks to previous migration gains, relatively stable employment levels, lower lending rates, and better supply….