Why Calgary's real estate prices haven't been hit as hard as the rest of the economy — yet

By Robson Fletcher, CBC News, July 25, 2016 

Impacts dispersed as tens of thousands of workers who weren’t engaged in home purchases leave Alberta

In the past two years, the price of oil has been cut in half while Calgary’s unemployment rate has nearly doubled.

Wages are down. Consumer spending is down. Real estate sales are down.

And yet, real estate prices have barely moved.

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