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Market Update December 2014

Posted by Jeff Campbell on Monday, December 1st, 2014 at 4:22pm.

Improving inventories help ease price growth pressure.  Calgary's market posted relatively strong November activity.

The single-family benchmark price for November is $511,300 an 8.7% increase year over year. The Condominium apartment benchmark price is $300,700 and the townhouse benchmark price is $338,600 with a combined growth of over 19%. Overall sales for the month totaled 1782 units, compared with 1,724 during the same period last year up 3.36%.

Net migration, strong employment with rising wages, tight rental market and low interest rates; have supported the demand in our housing sector.

Call Jeff Campbell 403-275-3331



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