[Newsbot]

Title: Calgary condo, home prices drop
Category: Misc CDN
Posted By: tritium
Date: 2008-10-08 12:06:34
Canadian

[tritium]

mtrb, no more T-Bone steak.. now you have to eat pork.

[Brenda]

$1:

Year-to-date, up until the end of September, single-family home sales are down 25.1 per cent compared with a year ago for the first nine months of 2008 while the average sale price is down 2.4 per cent and the median price is down 2.89 per cent.

In the condo market, sales for the year have plunged 30.23 per cent while the average sale price is down 3.33 per cent and the median sale price is off by 4.24 per cent.

Well, obviously, what goes up must come down, and since people can not (or will not) afford it anymore... This sounds like normal market to me...

[RUEZ]

I've got a friend in Calgary trying to sell his townhouse. It's been on the market for a long time.

[Toro]

There's more downside to come. Perhaps a lot more.