Calgary’s Real Estate market stays steady
Tuesday, October 4th, 2011Calgary’s market continues to hold its own despite uncertainty in the global economy.
Calgarians continue to take advantage of affordable prices and record low interest rates. Marginal gains in both sales volumes and average prices have continued throughout the year despite the challenges in economic conditions.
- Year-to-date single family sales are up 10% in volume and 1% in average price.
- Condominiums are also up almost 2% in volume year-to-date but showed a promising increase of 17% for the month of September.
As we head into the fall look for volumes to stay steady and average price to show marginal growth.