Calgary housing prices down more than 10 per cent over past five years [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
home prices have dropped by more than 1 per cent in the five years since ’s economic downturn began, and the market is expected to dip down more in 22 as slower sales and cautious buying become the “new normal” in ’s largest city. But even as a “persistent oversupply” of homes worth more than $5, remains, overall market prices will not drop by much this year, according to the Real Estate Board’s annual forecast on Tuesday. The forecast from CREB chief economist Ann-Marie Lurie said that if the economic climate and employment levels do not worsen, and if population growth is steady and lending rates are favourable, the housing market should be more stable in 22 than in the previous year. Story continues below advertisement Prices for all housing types – apartment-style condos, attached and detached homes – dropped an average of 3.4 per cent in 219. The board forecasts a .7-per-cent price decline in 22. Overall sales activity, which dropped significantly two years ago, could improve sl
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