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Calgary real estate market lags behind in Canada

(Pixabay)

A new report from MoneySense Magazine says Calgary is currently a lousy place to buy real estate.

Claire Brownell helped write the article, and says our city ranked 33 out of 35 markets across the country.

“The only cities that did worse were St. John, New Brunswick and Saskatoon and this is just because the city’s real estate market continues to struggle with the collapse of oil prices that happened a few years ago,” she said.

Calgary scored poorly on price appreciation, economy and income potential, though Brownell says there are some early signs that things are turning around.

Brantford, Ontario finished as the best place to buy right now thanks to its strong local economy, and relative value compared to nearby markets.