August sales cooled off which is typical for the dog days of summer. Sales of apartments and row housing dropped the most as a flood of new inventory has entered the market. Net migration is down especially from the eastern Canada where real estate sales and pricing is in a bit of a free fall, especially in the greater Ontario region. Overall, Alberta is doing well compared to the rest of Canada as the impact of the USA tariffs are not hitting us as hard due to the American’s needing our energy. Our farming communities may be hit hard with market access this fall. We will have to wait and see what happens on that front. Of all the areas, Okotoks is doing better than almost all other regions in southern Alberta.
