Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. (more…)
Brokerage: MaxWell Canyon Creek
In the fall of 2016, a fellow named Athar Alvi came into my office in Bragg Creek. He said that he had recently been let go from his job in Fort McMurray and decided to use his severance package to fund a dream he has always had – to be a movie director and producer. He had written a script and hired a professional cameraperson and a couple of professional actors. He had started filming and was looking for a location to shoot a certain scene. He asked if I knew of a place in the Bragg Creek area that would work. I told him “Yes, I do. Let me make a call.” The call was successful, introductions were made, and everything worked out.
Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines.
The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of those areas.