“Continued migration to the province, along with our relative affordability, has supported the stronger demand for housing despite higher lending rates,” said Ann-Marie Lurie, the board’s chief economist, in a news release.
“At the same time, we continue to struggle with supply in the resale, new home and rental markets resulting in further upward pressure on home prices.”
That’s because it’s Calgary. It’s the only place anyone can afford. (Excluding St. John’s)
There’s Winnipeg, Saskatoon, Regina, Edmonton, I’m sure more. Calgary was a bit slept on as bigger city though.