Calgary home sales on track for record year even as market eases in October

Total sales dropped to 1,857 units for the month, down from 1,901 in September and 2,184 in October last year, according to figures released Tuesday by the

. So far this year, sales have reached 26,823, setting the market up for a record 2022 with only two months left to go.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“While our city is not immune to the impact that inflation and higher rates are having, strong employment growth, positive migration flows and a stronger commodity market are helping offset some of that impact,” CREB’s chief economist Ann-Marie Lurie said in the report.

With even more Canadians considering a move to Alberta, we can probably expect further increases.

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