Calgary and Edmonton buck national housing market trend of declining sales
Only two major markets to see growth in existing home sales
By Mario Toneguzzi, Calgary Herald May 28, 2013
Calgary and Edmonton buck national housing market trend of declining sales
Realtor Corinne Poffenroth in the front entranceway of the house in Aspen Ridge that Sotheby’s International Realty Canada sold for $10.35 million, the highest ever in Calgary, earlier this year.
Photograph by: Ted Rhodes Ted Rhodes , Calgary Herald
CALGARY — A soft landing is underway in the Canadian housing market and should continue but Calgary and Edmonton are bucking the trend with sales rising compared with a year ago, says a new report released Tuesday by BMO Capital Markets.
The report, by Sal Guatieri, senior economist for BMO, said the Canadian housing market is “calming not crashing.”
“In most regions, sales have fallen at double-digit rates this year from high levels last year,” said Guatieri. “But the rate of decline has slowed recently.
“By contrast, Alberta enjoys decent sales growth.”
http://www.edmontonjournal.com/business/...g+national+trend+bank/8445656/story.html