Seller’s market conditions persist, pushing up prices
Despite recent flooding, Calgary's housing market continues to push forward thanks in large part to a strong economy, solid labour market, rising population and continuing attractive affordability.
Housing trends and affordability reports showed monthly resale activity increased for six straight months, while affordability levels in Calgary continue to be among the better in Canada.
Summer sales have remained strong in Calgary as seller's market conditions persist and push up prices.
Residential sales within city limits totaled 2,196 units, representing a 27.5 per cent increase over 2012 and 8.8 per cent on a year-to-date basis. The level of transactions was well above long-term trends for the…