Quote:
Originally Posted by automaton 3
The average MLS sale price for a Calgary residential property in August was eight per cent less compared with a year ago - the biggest decline in the country, according to statistics released today by the Canadian Real Estate Association.
http://www.canada.com/calgaryherald/...b-ab33948702ae
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Makes sense, since Calgary was one of the better performers over the past few years in the country. If you get something like 60% gains in a year, reasoning and sound economics will tell you that you'll eventually have to give a chunk of that back. What goes up can drop just as quickly so we're lucky so far.