Calgary's Housing Market Set to Outpace 2010 
Several Calgary Communities Get a Boost in Sales and Price - Calgary, November 1, 2011 - According to figures released today
by CREB® (Calgary Real Estate Board), Calgary residential sales totaled 16,184 after the first 10 months of the year, an increase of eight percent over last year.
Over 61 per cent of Calgary's established communities saw increased sales levels compared to last year. Garrison Woods, Collingwood and Mahogany saw the largest sales increase at 170 percent combined; nearly half of all Calgary communities recorded price increases, with Shaganappi, Chinook Park and Downtown leadng the way with a combined average price increase of 55 percent.
"A boost in full time jobs throughout the year is gradually translating into improved sales in the real estate sector," says Sano Stante, president of CREB®. "Consumers are taking advantage of price stability and a healthy variety of selection. While these gains are moderate, we are sent to outpace 2010 sales."
"Overall, the resale housing market continues to show
signs of improvement and, with no near term change in
interest rates, we can expect the market will continue to
see moderate and stable growth throughout the rest of
the year," Stante concludes.
Read Full CREB Article Info provided by CREB, Nov 1, 2011 |
