Housing prices remain fairly strong despite downturn
Posted Jul 13, 2016 6:55 am.
This article is more than 5 years old.
Royal LePage has released its latest price and market survey and the results aren’t as bad for Calgary as you may think.
The CEO for the real estate giant says even though the Alberta economy has tanked over the past two years, the housing market has remained rather resilient with only a minimal impact on prices.
“It’s down 1.8 percent in Calgary. If you look at Red Deer it’s about half a point and in Edmonton about one per cent — home prices have held their own in the difficult past couple of years,” Phil Soper said.
Soper says gains in agriculture and tourism have helped Calgary weather the downturn in the energy sector and Royal LePage predicts prices will slowly start to make back the losses in the next few months.
