… the turmoil on the financial markets seems to have had a chilling effect on the Calgary real estate market.

Below is my weekly Absorption Rate trend:

Weekly Absorption Rate Trend in Calgary

Notice the screeching halt in the market about 3 weeks ago.

The full set of weekly stats can be found here: http://www.andrewkyle.com/mlsca/home_page.php?page=weekly_stats

Sorry to be the bearer of bad news. :o(