Improved activity across all sectors
Calgary, May 1, 2012– For the month of April 2012, year-over year sales activity improved across all sectors in the city. Calgary residential sales total 2,200 for the month, a 26 per cent increase over levels recorded last year.
"The growth in full-time employment, combined with improving migration levels, is translating into improved demand for hous-ing," says Ann-Marie Lurie, CREB® chief economist. "While sales growth does seem exceptionally strong, it is important to keep in perspective that the sales activity in Calgary is returning to levels more consistent with the long-term average."
The single-family market continues to tighten, with months of supply dropping below three months. Sales growth…