Calgary's housing market continues to contend with more supply than demand and in 2018 saw the lowest sales numbers in over 20 years, according to a local real estate agent. According to a report form the Calgary Real Estate Board (CREB), December sales in Calgary dropped 21 per cent from the same month in 2017 with only 794 units resold. There was a 14 per cent decline in yearly sales from 2017 and a nearly 20 per cent decline from long-term averages. Realtor Emma May said those holding out for a so-called spring market likely won't see the results they're hoping for. Housing supply is on an upward trend in Calgary, according to the Calgary Real Estate Board.

Source: CBC News January 03, 2019 12:30 UTC