Calgary Market Slows (slightly)

What's happening in the Calgary market?  Firstly, nothing like we are seeing in Vancouver or Toronto.  While Calgary is seeing a little bit of slowing, properties are still selling briskly.  The Benchmark Price is currently $647,500.  That's up 16% from last year.  People are moving to Calgary for jobs and its expected that this price, while it may not increase like we've seen over the last year, it isn't expected to decrease.  Migration from other parts of Canada will help keep housing prices stable as more employers move to Calgary to take advantage of the quality of living and lower Provincial Corporate Taxes.  Let's all enjoy the summer now!