Calgary’s real estate market is the most “normal” market in Canada.
Supply of Calgary houses is a bit tight (to seller's advantage) and the Calgary condo market is balanced.
This year, Calgary house prices started rising in April but with close to 4,000 homes on the market going into the summer, sellers may begin offering price concessions to avoid the slow fall and winter market.
Calgary condo prices have been dropping pretty consistently for 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 and that will keep a lid on Alberta's home prices.