As expected, Calgary sales activity similar to last year
Calgary, Feb. 1, 2018 – The new year opened predictably, with monthly figures close to the Januarys of the past three years.
With new mortgage rules and rates officially in effect, sales activity in January remained comparable to last year, as rising sales for attached properties were not enough to offset declines in both the apartment and detached sector.
Overall January sales totalled 958 units, nearly two percent above last year and 11 percent below long-term averages.
"2018 was kicked off with higher rates and the official implementation of the new mortgage requirements. While it is too early to see the impact of these changes, so far, January levels are consistent with what we saw…