Calgary Housing Sales Soar

Calgary Real Estate 

May 17, 2007: Residential MLS sales in the Calgary housing market soared to $5.4-billion in the first four months of 2007 according to a report released yesterday by CREA. In dollar volume, that's a 38% increase from the same period last year. Calgary ranked third in the country behind Toronto ($11-billion) and Greater Vancouver ($6.5-billion).

While experts had predicted 2007 would see a drop in the number of Calgary homes & condos sold (vs last year's all-time record), unit sales are currently 8.7% higher than they were at the same time last year. To the end of April 13,423 homes & condos had been sold on the Calgary MLS.

Calgary Market Forecast

The huge demand for Calgary housing has forced CMHC to revise their Calgary forecast. The revised report suggests that rapid appreciation of Calgary Real Estate "has translated into Calgary home prices more than doubling in the past 4 years". The report also predicted 2008 would see "a moderation in demand and a higher level of supply will reduce the rate of growth of average prices to about 10%".

Calgary Market Stats

The most recent Calgary market stats, released by the Calgary Real Estate Board today, show the average price for a SF Calgary home is now $477,416 while the average price for a Calgary condo is $325,760.

• Housing Sales Soar
• CREB

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: