Alberta's real estate market is experiencing declines in many cities, with Edmonton seeing a 19.6% drop in sales, Calgary 15.5%, and Red Deer 13%. Medicine Hat sales fell 9.4%, while Lethbridge and Fort McMurray saw increases of 4.1% and 25%, respectively. Overall sales dropped 12.2% year-over-year in May, with new listings down 3.8% and inventory up 2.1%. Supply increased to 2.87 months, with the tightest market in Grande Prairie.
Continue to full article
