Housing Statistics March 2023 – Calgary
In spite of the higher interest rates there is upward pressure on cost of housing. This is due to historically low inventory. Inventory levels have not been this low since 2006! Month over month the Home Price Index has gone up by between 2.2 and 2.6%. Year over year apartment condominiums have done the best with an annual increase of about 11%.
With continued low inventory I expect that we will see price increases going forward as the market will favour the seller.