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Alberta Sales Volume Drops, Prices Hold


Blog by Sara Kalke | January 19th, 2016



The Canadian Real Estate Association has released final numbers for 2015 in Alberta, so of course we all rush to compare it with 2014. 

The data confirms what we knew, even if we might not have wanted to admit it. Alberta can be a boom/bust province. Total sales declines by city showing the contrast between a boom ($100+/barrel oil) year in 2014, with higher than average sales, and the "bust" year in 2015:

Fort McMurray, 974 (-43.5 per cent)
Lloydminster, 615 (- 34.6 per cent)
South Central Alberta, 383 (-30.0 per cent)
Grande Prairie , 2,394 (-28.8 per cent)
Calgary, 23,994 (-28.6 per cent)
Alberta West, 1,105 (-26.0 per cent)
Central Alberta, 4,439 (-19.2 per cent)
Medicine Hat, 1,360 (-16.0 per cent)
Edmonton, 18,670 (-9.1 per cent)
Lethbridge, 2,543 (4.5 per cent)

Note the big difference in price adjustments:

Fort McMurray, $560,794 (-6.2 per cent)
Calgary, $453,814 (-1.5 per cent)
Alberta West, $354,439 (0.0 per cent)
Central Alberta, $314,563 (0.3 per cent)
Grande Prairie, $318,798 (0.4 per cent)
Lloydminster, $322, 991 (0.7 per cent)
South Central Alberta, $232, 332 (1.6 per cent)
Edmonton, $368,261 (1.9 per cent)
Lethbridge, $263,408 (2.5 per cent)
Medicine Hat, $282,454 (4.0 per cent)

Full Calgary Herald article HERE.