Hot Weather...Hot Housing Market

Could it get any hotter?  I'm not talking about the weather.  I'm talking about Calgary & area homes priced up to $600,000.  After the May long weekend, I saw more houses sell than were listed.  In fact twice as much sold than were listed.  Is this even possible?  Actually yes.  There usually are a small base number of houses that simply don't sell.  Houses in poor condition, really poor locations or significantly over-priced.  Well this is now been eaten up.  This weekend the buying frenzy reached new levels.  Buyers are looking to lock into a mortgage before the Bank of Canada (BOC)  raises its rate again.  So if you are thinking of buying - if you see something you can live with - buy it or someone else will a couple hours later.