Resale activity in Calgary’s housing market is expected to pick up this year while average MLS sale prices increase slightly as well, says Canada Mortgage and Housing Corp. in a report released Thursday.
“We are anticipating a number of positive factors to benefit the housing market in 2011,” said Richard Cho, senior market analyst for Calgary for the CMHC. “Increased activity in the energy sector will support employment across a number of industries. We expect to see more full-time jobs being created and higher levels of net migration in Calgary. As such, this will support demand for home ownership as well as for rental accommodations.
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