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Market Update August 2012

Posted by Arshad Rashed on Friday, August 3rd, 2012 at 2:45pm.

Calgary Bucks National Trend

With Calgary being the energy capital of the country the city has benefited from the growth in full time employment, migration and overall improved confidence.  Even with recent mortgage rule changes prompted much discussion of a national housing correction the two largest cities Vancouver and Toronto have started to witness declines in homes sales activity.  Calgary continues to record improving sales and prices.  

The detached benchmark price for July is $432,400 an increase of 7.80% year-over-year. The apartment benchmark price is $286,231 an increase of 5.75% and the attached benchmark price is $277,400 an increase of 1.91%.  Overall sales for the month totaled 1,936 units, compared with 1,569 during the same period last year.

Call Jeff Campbell 403-275-3331



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