Large markets like Vancouver and Toronto are seeing listings rise, with sales and prices dropping, says RBC Economics.
RBC Economics notes, however, that activity in Calgary, Edmonton and other Prairie cities remains above pre-pandemic levels.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
In contrast, sales are down in Calgary about 22 per cent. Yet unlike most other cities prices increased nearly nine per cent in November year over year.Article content By comparison, Calgary’s inventory in November dropped nearly 21 per cent from the same month last year. Yet prices and sales — despite dropping from earlier in the year — are higher than pre-pandemic, and on par with 2014 levels, the last market peak.
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