Doom & Gloom in Calgary Real Estate? Nope!

It seems that all of the media hype of falling real estate prices is just that.  Hype.  While the number os sales is certainly down, prices are not being adversely affected as yet.  Here are the facts.  While the average MLS® residential price decreased a mere 1.1 per cent from April 2015 to $393,285, Calgary actually reports the opposite with an actual increse of 1.1%.  Here is a chart of the provincial numbers...

 

 

and another one showing more Calgary details.

 

 

So, apparently things aren't so bad after all, at least in Calgary.  To download the complete April report from the Alberta Real Estate Accociation, click HERE.

 


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