Calgary Housing Update - 1st June 2022

Calgary Housing Update - 1st June 2022
Please find attached the Calgary Housing Summary, that just came out on 1st June.
The market is still very busy and favours sellers.
Detached homes prices have risen by 16.6% across the city (over the past 12 months), even though sales have moderated.
One thing to bear in mind is: Calgary is not Vancouver or Toronto, so if you have been looking at
Canadian news about real estate, you will often hear that house prices are coming down, which may be the case in the two large cities. However Calgary has its own economic indicators, such as very high oil prices, excellent economic growth, 
and net migration into Alberta, is very strong. Plus Calgary is very affordable compared to the two big cities.    
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.