Share this post
With a 30% decline in sales from 2014 to 2015, the Calgary real estate market has definitely seen better days.
In a currently flooded market, available listings continue to rise, while the number of buyers steadily declines. Buyers and investors alike are becoming much more guarded with their funds, due to the fall of oil prices and drastic changes in Calgary’s economic situation.
Even the cost of real estate is being affected, as Calgary has already seen a 1.2% drop, while Alberta as a whole has seen a 10% drop in pricing.
To find out more about the Calgary housing market, follow this link: