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Market Update May 2013

Posted by Arshad Rashed on Thursday, May 2nd, 2013 at 3:41pm.

Sellers' Market Conditions Push Up Prices Across all Categories

Calgary's housing market continues to defy national softening trends as gains in the employment sector, migrant growth, rising wages and low interest rates are translating into growing demand for houses. For the 1st time since 2007 conditions favour the seller.  However economic conditions today are vastly different, making it unlikely that Calgary will see a repeat of those conditions.  

The detached benchmark price for April is $452,900 an increase of 7.32% year-over-year. The apartment benchmark price is $261,300 an increase of 7.35% and the attached benchmark price is $288,900 an increase of 4.52%.  Overall sales for the month totaled 2,381 units, compared with 2,199 during the same period last year.

Call Jeff Campbell 403-275-3331



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