Calagary is considered a populous city in Canada. Before, there was a very high demand in the city and people were actually competing in buying real estate properties in the area. However, just like any other areas in the world, Calagary was not excused from a real estate crisis resulting to low sales in properties. It was in 2008 when the Calgary housing demand expericienced setbacks because pf the eroded affordabilty. The city, however, immediately recovered from this crisis.