So after a couple of days of sales data it is clear the CBC report on the Calgary Real estate market was misleading and did not represent the facts on the ground. Was it an attempt to artificially boost market sentiment or just the result of ignorance?
The estimated monthly rate of sales is still slow and does not even make it close to "frenzy" or "resurgence".
SFH: 533 (-37% YOY)
Condo:234 (-40% YOY)
Pending sales are barely changed from when the report aired. There are 7 fewer SFH but 8 more condos in the pending queue from December 9th. Mike's stats.
Mike Fotiou also wrote an article on this report on his blog.