Big towns dictate market rate

Red Deer and Vancouver have vastly different climates, topographies — and real estate markets.

This third difference has been illustrated by the recent slide in residential sales activity in the West Coast city, a trend not duplicated in Red Deer.

Yet big urban centres like Vancouver are often lumped together with other cities to produce national statistics, said Ken Devoe, president of the Central Alberta Realtor’s Association.

Read more: http://tinyurl.com/ckwbw3l