Interesting view of what is going on with inflationQuote from Greg Foss: "Over the last couple of weeks, The Bank of Canada (BoC) and the Federal Reserve have told us that we can expect
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CANMORE REAL ESTATE MARKET REPORT
Updated December 3rd, 2023
Canmore stayed in November in a BALANCE market with a "Sales to New Listing ratio" indicator at borderline 64%. A ratio below 40% indicates the buyer's Market, whereas a ratio over 60% indicates Seller's market. But by favourite "Number of Months of Inventory" indicator, now 3.6 months, puts Canmore certainly in the Balanced market space. A value below 2 indicates the Seller's Market, and over 5 indicates the Buyer's Market. All Canadian markets fell as far as the number of sales, with the Toronto area (largest in Canada) with Sales to New Listings at 35%, while Calgary and ratio was still the highest in Canada at 72%!
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