May 22, 2014 | CREBNow
Calgary market is hot, hot, hot
Unlike Calgary's weather for most of this year, the city's condo market is scorching hot, said Matthew Boukall, director of residential advisory services with industry analyst Altus Group.
"We're coming off the best year we've had last year and demand remains strong," he said. "There's a lot of pent-up demand for new housing. So from an inventory perspective we're basically absorbing product as it's coming to market. We don't have an oversupply situation whatsoever."