There may be some light at the end of tunnel, as far as real estate is concerned.
The Canadian Real Estate Association says the recent free fall in house sales and house prices is slowing down.
The CREA's chief economic Gregory Klump tells 660News the number of new listings across Canada was lower in March than in the previous month. He says sales are picking up as well, as homes continue to become more affordable.
Klump says there is still lots of downward pressure on prices in Calgary. He adds it could be another year before the Calgary housing market is back to what is considered a balanced market.
