Experts provide feedback on Calgary’s real estate market so far
It has been an interesting year for the Calgary real estate market considering the city’s economy is still struggling due to ongoing uncertainty in the energy sector.
According to CREB®, year-to-date, until the end of July, MLS® sales of 10,952 were down 10.1 per cent compared with the same period a year ago. New listings of 21,191 were off by 2.23 per cent, but active listings of 5,847 were up by 9.64 per cent.
The average MLS sales price of $479,597 increased by 1.2 per cent. However, the benchmark price was down 3.68 per cent to $443,386.
Some housing and business experts were asked what has been the most surprising thing this year about the Calgary real estate market. Here are their responses: