is suffering the effects of the downturn in Alberta’s oil sector with a drop in sales, and listings rising.
A report from Sotheby’s International Realty Canada showed that sales were down 44 per cent in April compared to a year ago, but listings were up for the first time since 2012.
Prices, meanwhile, have also increased with the average sale price of $632,000, up 15.5 per cent on a year ago.
Sales of luxury and second-home properties are particularly sluggish, and the report notes that properties are taking longer to sell.
by around six months, Sotheby’s expects a slowdown in the fall.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Dubuc, Port Maitland, Saint-Alphonse, Clerval, Lantier
The mountain resort town of