Royal LePage: Calgary’s Housing Market is ResilientPosted by Kirby Cox on
Amidst the fall of the oil and gas industry that has been plaguing Alberta and the rest of the nation, the housing market in Calgary continues to hold its ground. Phil Soper, President and Chief Executive Officer of Royal LePage, has reported that we are currently seeing numbers that fall only ten per cent below the level of 2014’s peak housing market. Over a five-year period that included economic downfalls largely due to the oil and gas industry, it is incredible to see just how resilient the housing market in Calgary has remained.
Calgary is currently situated in a buyer’s market with a high supply of properties listed and fewer buyers looking to purchase. While Calgary sits in this market, those looking to purchase a new property have many…
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