Here is a round-up of the most noteworthy events surrounding Calgary real estate in July, 2016.
Calgary Home Price Remain Steady...For Now
Seems like there’s a good reason why home prices in Calgary have remained fairly robust, despite the major economic downturn.
A memo obtained by CBC from the Internal Finance Department of the federal government states real estate values in Calgary has been minimally impacted because an estimated 56,000 itinerant works from the oil and gas sector have up and left the province. Those workers, who have been laid off, paid taxes in other provinces, and were not part of the buy and sell real estate process in Calgary and Alberta – they rented homes for the most part.
"Their departure is resulting in a lower…