Market update Jun 1 – 18, 2013

To quote Ben Rabidoux, “Hard to see how Alberta’s housing market will slow meaningfully given population growth + low units under constrctn.”

Inventory vs sales and price2Rabidoux: “Alberta nominal y/y population growth in Q2 2013 was HIGHER than Ontario for the first time….ever.”

 Here’s a chart from Rabidoux showing population growth:

Population change

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One response to “Market update Jun 1 – 18, 2013

  1. Is it any wonder that people want to buy a house? Calgary’s rental apartment vacancy rate is the lowest in the country with average monthly rents increasing the highest, according to Canada Mortgage and Housing Corp.

    Read more: http://www.calgaryherald.com/technology/Calgary+rental+apartment+vacancy+rate+lowest+Canada/8552914/story.html#ixzz2Wm692ERL

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