Alberta home prices fell in February

Alberta home prices fell in February

Alberta home prices fell in February Another casualty of the lower oil prices is the housing market in Alberta with new figures from the Canadian Real Estate Association showing a drop of 1.6 per cent in Calgary from a month earlier and activity at 35 per cent below the same month in 2014. CREA’s predictions are for a nationwide drop in sales volume of 1.1 per cent with a drop of 20 per cent in Alberta and 11 per cent in Saskatchewan. Prices are forecast to be 2 per cent higher nationwide but down 3.4 per cent in Alberta.