Multiple offers. Houses selling before they hit the MLS®. House prices jumping up in all categories. Calgary’s market hasn’t seen this kind of action since 2014.

At that time, oil was at $100 a barrel and people were flocking to Calgary from all over to work high-paying jobs. Now five years after a long recession, we find ourselves in a supercharged sellers’ market – and it makes no sense.

Oil is in the tank, we’ve had negative migration the last two quarters,...

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