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Calgary home sales plunge for a second month amid oil rout
Canada's housing market is up to 30% overvalued, warn policymakers
Published Wed, Feb 18, 2015 · 09:50 PM
Ottawa
THE rapid crude-price drop is roiling Alberta's housing market.
Calgary home sales plummeted in January, extending December declines that have made the last two months the worst for the city's realtors since at least 1988 with sales down 44 per cent, data provided by the Canadian Real Estate Association show. Sales in Edmonton are down 28 per cent over that time.
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