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Originally Posted by Skyceman
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Yep, she's right about July so far (although I'm not sure her reasoning is correct) ...
Here's how the first 14 days of July have shaped up so far, compared to the last 8 years in Calgary:
It's probably not fair to compare against the boom years, but it's still 30% less sales than even 2002, when Calgary had 200,000 less people people living here.
Prices haven't really moved all that much, although month to date, the median is down about $6k from June. Yet, the average is $7k higher. With so few sales, the stats can swing wildly, especially the average.
Inventory has also seemed to plateau. The story is the same in Vancouver...
At one point, 2010 was outpacing 2008 in terms of inventory growth, but that has changed.
Back here in Calgary, you can easily see from the RentFaster.ca data that a lot of properties are being put back into the rental market.