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Calgary's Home Resale Market Conditions Tighten in November, Says National Bank

BY MT Newswires | ECONOMIC | 12/02/25 07:11 AM EST

07:11 AM EST, 12/02/2025 (MT Newswires) -- Based on data from the Calgary Real Estate Board (CREB) for the Calgary economic region, National Bank said its preliminary estimate indicates that seasonally adjusted home sales edged up 1.8% from October to November, a deceleration from the 4.1% gain recorded the prior month.

The uptick in resale market activity comes amid back-to-back rate cuts by the Bank of Canada in September and October.

The strengthening of the labor market may have also provided some support, but it remains to be seen if the coming months confirm the rebound, noted the bank.

Looking ahead, the uncertain economic backdrop, given the absence of a trade agreement between Canada and the United States, could keep some potential buyers on the sidelines, stated National Bank.

This is amplified by the BoC's recent signal that it intends to suspend its easing cycle for the moment, along with a slowdown in population growth, added the bank.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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