Calgary real estate saw the average price of a condo get a boost, in large part to an increase in big ticket sales.
Calgary real estate may be starting to turn around, as detached homes start to see signs of an improving market.
Calgary real estate is off to a better start in 2017. Prices still declined in January, but sales and inventory are showing better balance.
Calgary real estate got a positive indicator finally, with sales of detached homes increasing 25% in January 2017.
Calgary real estate gets some more bad news, as the benchmark price, sales, and inventory all slip in the city.
Alberta reached a 22 year unemployment high, posting the largest single-year loss of jobs for the province since the Great Recession.
Calgary real estate joined Toronto and Vancouver’s markets when it came to declining detached home prices in December 2016.
The best market in a decade didn’t exactly help Calgary real estate. Instead it saw lower prices, less sales, and more inventory.