Following three consecutive years of limited supply choice, inventory levels in January rose to 3,639 units. While the 70 per cent year-over-year gain is significant, inventory levels remain lower than the over 4,000 units we would typically see in January.
The year ended with 1,322 sales in December, a three per cent decline over last year, but nearly 20 per cent higher than long-term trends.
As we transition into winter, Calgary's housing market is following typical seasonal trends, with activity slowing compared to the fall.
