MARKET UPDATE – June 15, 2018

May was a funny month and we are sure that the deadline imposed on the Kinder Morgan pipeline caused some consumer anxiety and was a major factor in a bit slower market.  Inventories in some markets continued to climb while the number of sales was off in most markets.  There has been an improvement in sales in most markets in the first two weeks of June and it appears that the inventory increases are beginning to moderate.  We are forecasting the market will move slightly closer to balance in the last half of 2018 as economic activity continues to improve in Alberta.