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March 2016

Found 1 blog entry for March 2016.

Calgary, March 2016 – February sales totaled 1,127 units in Calgary, a 6.63 per cent drop over last year and 37 per cent lower than long-term averages for the month. City wide unadjusted benchmark prices totaled $445,000 in February, a 0.63 per cent decline over January and 3.45 per cent lower than levels recorded last year.

Calgary has seen employment fall for eight consecutive months, while unemployment rates have reached levels higher than the previous recession, said Lurie, adding that these conditions are expected to persist over the next several months. While the number of new listings in Calgary continues to fall, inventory levels have remained elevated at 5,681units. Overall, market conditions continue to favour the buyer with five months of

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Re/Max, CREB Certified Condominium Specialist