04-06-2016, 05:58 PM
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#3074
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Not Taylor
Join Date: Dec 2009
Location: Calgary SW
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From the Wall Street Journal -
Quote:
In Calgary the slowdown also has been felt by a wider range of homeowners. In Houston most of the pain so far is being felt among sellers of high-end homes priced at $500,000 and above—a sector that saw a 12% decrease in sales volume in the year ended in February.
Until recently, this was also true in Calgary. The slowdown had been more or less confined to high-end homes worth C$700,000 (US$534,800) and higher.
But now that trend is playing out in lower price ranges as well, especially in the C$500,000 to C$600,000 range, which includes the majority of the detached homes, according to Ann-Marie Lurie, chief economist with the Calgary Real Estate Board.
http://www.wsj.com/articles/calgary-...ust-1459876561
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__________________
I engraved me name on the pillars of the arch
So that when I left I'd always leave me mark
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