Resale housing market still diving
Calgary’s resale housing market took yet another dive during
March.
The Calgary Real Estate Board recorded 1,747 MLS sales last month, a 30 per
cent decline from a year ago. Sales dropped 34 per cent in February and 39 per
cent in January.
“The first wave of panic listing increase hit the market as expected in
January and February. March numbers show a slowing of that listing increase
compared to last year,” said Don Campbell, senior analyst with the Real Estate
Investment Network.
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