Nearly 3,000 homes sold in Calgary last month — a new record — as price gains encouraged more owners to list their homes, the city's real estate board said Tuesday. The Calgary Real Estate Board said 2,989 homes were sold in May, up 177.3 per cent from the previous year when the onset of the pandemic had led to a large decline in real estate activity. CREB also said homes priced above $600,000 represented a larger-than-usual share of sales — 26 per cent of all sales, compared with 16 per cent last May. Sales also hit record highs in Airdrie, Cochrane and Okotoks last month. CREB said those neighbouring cities to Calgary are all experiencing sellers' markets — with varying low levels of new listings in contrast with high demand.

Source: CBC News June 01, 2021 21:41 UTC