Anyone who has walked into a hardware store lately is aware of the current price of lumber, a situation that is creating issues for the homebuilding and renovation industries in Calgary and across the country.

Alan Tennant - CREB® CEO

There is nothing to indicate a major shift in the current
trajectory. I see cautious optimism among the development sector – they are not overbuilding in any sector – and that is a healthy sign. It comes down to consumer confidence. We have two elections behind us, which could have been destabilizing but weren't.

Alan Tennant - CREB® CEO

The reality of our current market is it's the new normal and there is no reason to sit and wait for it to change. It is not a terrible market, it does have its good aspects.