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Market Update May 2012

Posted by Arshad Rashed on Wednesday, May 2nd, 2012 at 3:49pm.

Improved Activity Across All Sectors

The growth in full-time employment combined with improving migration levels is translating into improved demand for housing.  While sales growth does seem exceptionally strong, it is important to keep in perspective that the sales activity in Calgary is returning to levels more consistent with the long-term average.

The detached benchmark price for April is $449,500 an increase of 7.41% year-over-year. The apartment benchmark price is $248,300 an increase of 0.77% and the attached benchmark price is $294,500 an increase of 4.58%.  Overall sales for the month totaled 2,200 units, compared with 1,745 during the same period last year.

Call Jeff Campbell 403-275-3331



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