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Market Update June 2014

Posted by Arshad Rashed on Tuesday, June 3rd, 2014 at 11:22am.

Sales improve as consumers have more choice and city-wide price gains and better weather support year-over-year gains in new listings.  Strong sales activity is a reflection of improving fundamental conditions such as a growing population, favourable lending rates and rising wages.   While market conditions continue to favour the seller, improving supply has helped ease some of the tightness in the market

The detached benchmark price for May is $504,300 an increase of 10.37% year-over-year. The apartment benchmark price is $295,400 an increase of 12.06% and the attached benchmark price is $321,400 an increase of 10.03%.  Overall sales for the month totaled 2,948 units, compared with 2,535 during the same period last year.

Call Jeff Campbell 403-275-3331





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