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December 2013

Found 1 blog entry for December 2013.

The Calgary housing market is expected to have another year of growth in 2014, with sales and prices going up, according to CREB®.

Sales growth in the city is expected to be 3.6 per cent and price growth is expected to increase 4.3 per cent, with strong migration levels over the past two years have combined with strong employment and wage growth to support further gains in sales next year.

Both sales and price growth exceeded our expectations in 2013. Stronger than expected demand was related to higher than expected migration and employment growth, while the tight rental market got tighter following the floods. Supply levels didn’t keep pace with rising demand, which pushed the market to favour sellers and created stronger than expected price growth.

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Re/Max, CREB Certified Condominium Specialist