In a strange twist of events it was apartment sales that really plummeted for November - down 21%! This market segment had been showing some real signs of stability over the past 6 months. There was a spike in inventory as well which was partially due to a substantial increase in new build listings. It's that time of the year where builders are trying to clear out some inventory before year end. We are now moving in to the depths of winter and off-season buying is a perfect time to get in to your new place. For most sellers it's a daunting venture to have to relist in the spring. Better off to get it sold. If you are looking to buy this winter, jump in, the water's warm!
Here is the latest labour report for Calgary
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