Calgary economic climate continues to create weak sales activity and elevated inventory in the city’s housing market.
As of February, citywide benchmark price was $414,400. This is nearly 5% below last February, slightly lower than last month’s figures and over 10% below highs recorded in 2014.
While the market remains oversupplied, slower sales and price declines do appear to be influencing sellers. New listings this month eased by 8% and total number of sales dropped by 10% compared to last year.
Below is a detailed activity for Calgary .