Another casualty of the lower oil prices is the housing market in Alberta with new figures from the Canadian Real Estate Association showing a drop of 1.6 per cent in Calgary from a month earlier.
Another casualty of the lower oil prices is the housing market in Alberta with new figures from the Canadian Real Estate Association showing a drop of 1.6 per cent in Calgary from a month earlier and activity at 35 per cent below the same month in 2014. CREA’s predictions are for a nationwide drop in sales volume of 1.1 per cent with a drop of 20 per cent in Alberta and 11 per cent in Saskatchewan. Prices are forecast to be 2 per cent higher nationwide but down 3.4 per cent in Alberta.
