For the first time in years single family home (SFH) month-end inventory hasn’t breached the 4,000 mark throughout the course of the year. The amount of homes for sale is down over 25% from a year ago. Meanwhile SFH sales have marked year-over-year increases every month this year save for January, with a couple months seeing 30%+ jumps.
With increased migration to the province, is Calgary facing an inventory shortage in the months to come? Will the new mortgage rules damper demand sufficiently to offset the lower supply?