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Market Update September 2013

Posted by Arshad Rashed on Tuesday, September 3rd, 2013 at 2:21pm.

Seller's Market Conditions Persist, Pushing up Prices

Housing demand has been supported by another year of strong migration levels, improving employment and wage growth. While recent increases in lending rates may require purchasers to adjust their expectations, Calgary remains a relatively affordable Canadian City.  Our affordability, combined with a positive economic outlook is expected to support demand growth for the remainder of the year.

The detached benchmark price for September is $464,700 an increase of 7.42% year-over-year. The apartment benchmark price is $270,600 an increase of 8.81% and the attached benchmark price is $298,500 an increase of 7.30%.  Overall sales for the month totaled 2,196 units, compared with 1,722 during the same period last year.

Call Jeff Campbell 403-275-3331



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