I was wrong. Early summer 2014 I had estimated the market would have increased active listings and lower sales - helping the supply levels increase. As you can see from the attached graph, the single family housing market in Calgary remains 'tight' and sales remain high. The graph illustrates how close the top and bottom lines have become over the past 6 years, in layperson terms, there is little supply available for people to buy a house. November and December active listings and sales typically are lower, so we won't see a widening of this graph or an easing of the tight supply until the new year. Stay tuned.....
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