June 2018 Real Estate Market Report
Posted by Ben Maize on
Buyers Find Bargains in Canmore Real Estate:
The Canadian Real Estate Association CREA predicted that the first half of the year would net fewer transactions than historical averages in the face of policy changes implemented by the Canadian government. On a nationwide level, sales for March, April and May reached a 9-year low and home prices in Alberta are expected to fall 1% this year. There is evidence however, that the market in Canmore is at the beginning stages of a possible 3rd quarter rally. The month of May saw a 45% decrease in the number of real estate sales whereas June's numbers were a little more uplifting being down only 32% from 2017's tally.
Almost all of the additional sales from May to June are residentially zoned condos that…
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