Calgary new home prices survived three of five previous oil price collapses

Calgary new home prices survived three of five previous oil price collapses

The recent oil price decline has put the brakes on the hot housing market in the Calgary region, but during the last five major oil price declines, new home prices only fell in just two of those instances, says a new report by Fortress Real Developments.

http://calgaryherald.com/business/real-estate/calgary-new-home-prices-survived-three-of-five-previous-oil-price-collapses