For the second week in a row I feel it might be useful to make a blog post about the latest market data. This is because the Calgary housing market seems to have undergone a “significant event” in the last 4 weeks (that event being the effect of the turmoil of the financial markets). Sales have come to a screeching halt. See chart below (click to enlarge):

Weekly Calgary Real Estate Market Trend

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