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September 2014

Found 1 blog entry for September 2014.

Sales activity improves for condominium product, while declining in the single-family sector

Calgary Real Estate, September 2014 – Strong gains in Calgary's condominium apartment and townhouse sectors sparked a 3.4 per cent year-over-year growth in residential resale housing sales activity for August. A total of 2,267 units exchanged hands in the city during the month, compared to 2,192 during the same period in 2013. The condominium apartment and townhouse sectors saw the biggest gains, increasing by nearly 14 and 20 per cent, respectively, for total monthly sales of 790 units. The record pace of August sales in the condominium sector is related to the relative affordability of this product combined with a tight rental market and low lending rates,

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Re/Max, CREB Certified Condominium Specialist