News Formal

Canada's housing market cooling, but maybe not so much in Calgary

  • 📰 CTVCalgary
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Recent data says Canada's housing market is cooling from a peak earlier this year with declines expected through the rest of the year, but some experts say Calgary will be shielded from extreme price decreases.

According to a TD Economics report, average home prices declined between February and July by more than five per cent in Alberta, more than 10 per cent in B.C. and about 15 per cent in Ontario.

Local brokers say real estate in Calgary experienced a surge in early spring, and demand has come down. Terry Weed is looking to downsize from his Auburn Bay home, in search of a smaller attached dwelling in Calgary's inner city. Derek Cook listed his investment property in southwest Calgary in February, but decided to sell it months later for about 10 per cent less than the initial asking price.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Worth Repeating: Young employees enjoy premier’s recent visit to Truro's Avery’s Farm Market | SaltWireTRURO, N.S. — You might say ‘good things happen to good students.’ Take Wilson Paluch, the 2022 graduate of Cobequid Educational Centre (CEC) has been an ...
Source: SaltWire Network - 🏆 45. / 63 Read more »