Unemployment rate slows housing market recovery. Easing sales, gains in new listings and elevated inventory levels continue to slow Calgary’s recovery in the housing market in August. “Calgary’s employment market has persistently high unemployment rates at 7.9 per cent and recent job losses in full time positions. The struggles in the employment market are one of the factors weighing on our local housing market,” said CREB® chief economist Ann-Marie Lurie. Click HERE to read the entire article.