June 2015

Found 1 blog entry for June 2015.

No question that the decline in oil prices over the last several months have hurt Alberta’s economy, but the encouraging news is that house prices are holding firm. The sky hasn’t fallen. Buyers are still buying and sellers are still selling.  It’s not all sunshine and roses, but it’s not all gloom either. Sales in Calgary were down 25 per cent in May compared to last year, however prices have held relatively steady. Within the city of Calgary, housing prices totaled $454,100 in May, a 0.55 per cent increase over April and an almost 1 per cent increase compared to last year.

At the beginning of 2015 there was a higher number of homes for sale relative to the number of buyers in the city, causing more than a five month supply of inventory.

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