Calgary Home Prices May Have Hit Bottom

HIGHLIGHTS Calgary’s real estate market is the most “normal” market in Canada. The supply of Calgary houses is a bit tight (to seller's advantage) and the Calgary condo market is balanced. This year, Calgary house prices followed the seasonal real estate cycle rising in Spring and falling toward the end of the calendar year. Calgary condo prices have been dropping pretty consistently for the past few years and there is still enough supply to allow for a lively negotiation. Fears of a slowing global economy have pushed oil prices down and that will keep a lid on Alberta's home prices.

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