Housing Market Slowdown – Calgary

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    Profile photo of Jelani Smith
    Jelani Smith

    House sales plunge in Calgary as energy sector job losses mount. “Calgary’s housing market is showing signs of fracturing amid a fresh wave of layoffs announced by major energy companies in the city.”

    Canada is in a ‘technical recession,’ and Calgary housing market is starting to slow down. This is another sign that the housing markets in Toronto and Vancouver won’t keep up with its pace.

    Real estate is a long term investment – Calgary housing markets should heal as the job market within the city improves.

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