2nd Quarter Starting to Heat Up 

Because of the new mortgage rules implemented this year, real estate boards across Alberta are reporting that sales are down 25% compared to long-term averages for the first 4 months of 2018.  With Canmore being the priciest market in the province and having endured the 2015-16 downturn due to low oil prices, there was some speculation that we may not feel the effects quite as heavily as other areas however that isn’t the case.  With 87 closed transactions taking place by the end of April compared to 117 for the same period last year, we are coming in right on par with the rest of the province in terms of a reduction in sales.  The segment of the market that is feeling this impact the most are condos and townhomes in…

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