WATCH: Despite the Bank of Canada holding interest rates at five per cent, it’s shaping up to be a red hot spring for Calgary’s housing market. Tomasia DaSilva reports.
After just two and a half years in Calgary, Tracy and Brad Kendrick sold their house and bought another one back home in Ontario. The sale, they said, couldn’t have gone smoother.“It took just two days — we listed on Thursday and it sold on Saturday,” Tracy said.Click to share quote on Twitter: "I was shocked that we got an offer over the asking price that fast."
Prokopchuk said the biggest issue facing Calgary continues to be lack of inventory, adding lower interest rates would only increase those issues.
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