A house for sale in Calgary. New statistics show sales slowing in June after last year's record high.
"The market isn't as tight as it was earlier. That being said, it does depend on what property type you're dealing with, and while prices are slipping a bit, we have to keep in mind they are still higher than they were last year," said CREB chief economist Ann-Marie Lurie. Condo prices were the closest to seeing a decrease in prices but still inched up one per cent to an average of $277,400.
It's also not wise to think you'll have the pick of the litter when going into the market: other buyers are competing to get a home as well. Along with Calgarians interested in new places to live, there are investors snatching up properties and people flowing in from outside Alberta.
CBC loves to tell you how poor we have become while pretending Government spending had noting to do with it!