When comparing the housing market in Calgary to the state of affairs nearby in the Town of Okotoks, real estate seems to be on higher ground. Of course, that depends on who you talk to.
The Calgary Real Estate Board (CREB®) oversees the numbers in Okotoks and believes the outlook is better than the somewhat gloomy scenario in nearby Calgary. Prices in Calgary are expected to keep trending down while the number of houses for sale continues to reach the over-saturation point.
A similar story holds true in Okotoks with sales down about 14%, but in terms of inventory, there hasn’t been much of a change since the first six months of 2015. Even better there hasn’t been much of a drop in home prices since then either. Calgary prices have dropped by
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