Oct. 06, 2016 | Jamie Zachary
Southeast district facing increased competition from new home industry
Calgary's resale residential housing market continues to reveal its many layers, with experts singling out the southeast district as an area of the city struggling in the face of intense competition from the homebuilding industry.
This comes on the heels of CREB®'s recently released housing summary for September that indicated prices in other instances are exhibiting increased stability.
CREB® chief economist Ann-Marie Lurie noted home prices in the southeast have struggled more acutely than other districts in Calgary despite indicators that would initially suggest otherwise.