Calgary Bowness Montgomery Real Estate Home News - Blog Archive: October, 2018 | Page #2

The stats are in for the month of September thanks to CREB (The Calgary Real Estate Board). 

Here are the highlights:

  • September sales activity totaled 1, 272 units, a 13 per cent decline since last year. This is far below long-term averages.
  • There were decreased sales in all product types (detached, row, apartment, semi-detached), but it was the worst for the detached market.
  • CREB® chief economist Ann-Marie Lurie says: "Calgary's economy continues to struggle with unemployment, which rose again last month to over eight per cent. Concerns in the employment market, higher lending rates and shaken confidence are weighing on housing demand. At the same time, supply levels continue to remain high, resulting in persistent oversupply and price…

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