Calgary housing sales are up, more expected next year!!!
By Ryan & Sheri MacDonald, Calgary Home Team
(Re/Max First)
CMHC is very optimistic when it comes to the future of Calgary's real estate market!! In it's latest Housing Outlook Conference for Calgary, the Mortgage and Housing Corporation gave a very strong growth forecast for home sales and prices in the city, saying that in 2012 the expected sales activity will rise 16% (compared to 2011) by the end of the year with 26,000 sold units, approaching levels not seen since 2007!! This number is expected to go even higher in 2013 when additional 500 sold properties will increase the total sales to 26,500. The strong demand for housing in Calgary that is not met with the same level of inventory supply have pushed the prices moderately up! 2% increase by the end of the year is expected to raise the $402,000 average price of 2011 to $411,000 by the end ...
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