Dec. 07, 2015 | Joel Schlesinger
In the midst of a correction, experts identify silver-lining investment opportunity
Buy low. Sell high. It's the quintessential mantra of successful investors.
And for those who have long sought to execute this philosophy in Calgary's real estate market, a window of opportunity may be opening thanks to weak oil prices – particularly in the apartment-style condominium sector, which has seen inventory levels skyrocket in 2015.
According to CREB®'s recent monthly housing forecast, months of supply in the apartment sector increased to 6.9 per cent in November, causing benchmark prices to slide
0.5 per cent from October to $287,000. Meanwhile, year-over-year prices were off by 4.6 per cent.
By comparison, months of supply in the detached and attached sector sat at 3.4 and 4.8, respectively.