Calgary housing sales continue to slump in July

by Posted Aug 2, 2016 12:23 pm MDT Last Updated Aug 2, 2016 at 12:34 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email For the 20th consecutive month, home sales in Calgary were down.Chief Economist at the Calgary Real Estate Board, Ann Marie Lurie, says there are a couple of big things impacting house sales in the city.“We’ve had out migration, we’ve had employment losses — just not an environment that has encouraged a lot of demand growth. So, it’s a weaker demand environment right now. Not to say that there isn’t transactions happening, they always do occur, it’s just at a slower pace than we have seen,” said Lurie.Last month the keys to 1,741 homes changed hands, which is a drop of almost 13 per cent from the same period a year ago.Prices for apartments and condos are down just over six per cent year over year, while house prices were off about 3.5 per cent. (Stock photo: Pexels.com) Calgary housing sales continue to slump in July