According to the Calgary Real Estate Board today “Calgary Housing Market to Simmer not Sizzle” and;

"Economic optimism, improved choice and price stability contribute to a balanced housing market."

See the full story below.

http://tinyurl.com/25g7q4k

Why is this happening? The most significant statistic, in my opinion, when considering market conditions, is what portion of the available inventory is selling? The following table shows the percentage of properties sold compared to the available inventory or the absorption rate for single-family homes in Calgary Metro year over year for the month of April for the last four years.  http://calgaryrealestatecommentary.wordpress.com/