Now as much of Canada endures a housing correction, the market in Alberta, especially Calgary, is bucking the trend.
Yet in Calgary, home prices are still rising and are now higher than in February 2022, the market’s peak nationally.“In Alberta, housing market activity eased but remained robust by historical standards,” wrote Charles St-Arnaud, chief economist at Alberta Central, on December’s housing numbers. One, as mentioned above, is that large numbers of people are moving to the province, while they are leaving Ontario. A healthy economy, bolstered by higher oil prices, is one attraction, but so is a more affordable housing market.Article content
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