September 2018

Unemployment rate slows market recovery

Posted on Sep 04, 2018

With the release of the August 2018 Real Estate sales statistics by the Calgary Real Estate Board (i.e. CREB), we note that the current Calgary and area unemployment rate remains high @ 7.9%. The resulting uncertainty, along with continued elevated inventory levels, is placing downward pressure on both pricing and pace of sales. At month-end, sales...

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