June 02, 2014 | CREBNow
May sales activity highest ever recorded for Calgary
There were 2,948 sales in Calgary in May, a 16 per cent increase compared to the same time last year.
The numbers are the highest recorded in Calgary for that month, ever.
"Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages," said Ann-Marie Lurie, CREB's chief economist. "Leading up to May, resale market sales were somewhat restricted by a lack of choice. However, recent price gains have encouraged growth in new listings, helping meet some of the housing demand."