The May stats are in and we seem to be trending in the right direction. Sales were up 11% city wide compared to last year and inventory levels are staying lower than they were in 2019. Months of supply sits at around 4 which signifies more of a balanced market than we have seen in a while. Over the past month, I have seen more activity in the market. With Trudeau approving the expansion of the pipeline today, I can see consumer confidence increasing even more. Although the road to recovery may be long, we are on the right track!
Here is the latest labour report for Calgary.
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