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Market Update December 2011

Posted by Arshad Rashed on Friday, December 2nd, 2011 at 11:32am.

Calgary Housing Sales Trending Up

Calgary continues to record impressive employment growth and the long term fundamentals remain strong.  The strength in our economy, combined with affordability levels are outperforming most major centers and will continue to attract migrants to the city and spur further growth in our Calgary housing market.  The stable pricing provides an opportunity for buyers in our market and with the low interest rates and a good selection of inventory makes it a trifecta.

The detached benchmark price for November is $402,925 an increase of 0.76% year-over-year.  The condominium benchmark price is $250,000 a decrease of 1.63%. Overall sales for the month totaled 1,355 units, compared with 1,200 during the same period last year.

Call Jeff Campbell 403-275-3331



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