The impact of Coronavirus on Metro Calgary will likely be very significant.
Calgary’s home prices were dropping before COVI-19 struck.
The pandemic has had a severe impact on oil prices and Alberta's continued over-reliance on oil revenue has, once again, made it more vulnerable to global forces.
We are now certain that a global recession greater than the financial crisis will continue to depress oil prices, and that will have a sustained effect on Alberta's home prices.
