Many outlying Calgary communities see sliding home sales, prices
Calgary Herald
AI Article Summary
In November, several outlying communities around Calgary experienced a similar cooling trend in the housing market. Statistics from the Calgary Real Estate Board indicate that Airdrie saw a significant decline with resales dropping by more than 14% year-over-year, leading to a nearly 5% decrease in the benchmark price to $514,000.
What This Means for Canadian Contractors
This cooling trend in the outlying Calgary communities indicates a potential slowdown in residential construction projects. For Canadian builders, this means delayed construction timelines or a reassessment of project funding and resource allocation to adjust to changing demand. It emphasizes the need to closely monitor local market conditions to align project strategies effectively.
