Calgary Resale Market Reaching Normal
Calgary's housing market has finally started to recover, while prices remain shy of the highs recorded in 2007, this is a move in the right direction. Much of the sustainable recovery is fueled from the growth in the energy sector, spilling over into all aspect of our economy, including housing. There is no question employment and migration growth has supported housing demand, a trend that is expected to continue this year at a slower pace.
The detached benchmark price for December is $434,800 an increase of 8.73% year-over-year. The apartment benchmark price is $248,700 an increase of 5.38% and the attached benchmark price is $284,100 an increase of 4.18%. Overall sales for the month totaled 1,083 units, compared with 1,025 during the same period last year.
Call Jeff Campbell 403-275-3331