Calgary Housing Market Does Not Show of Slowing
Year-over-year sales growth remains in double digit territory
Calgary, November 1, 2012 – City of Calgary sales activity marked a 23-per-cent increase over levels recorded in October 2011. The continued improvement in sales has pushed year-to-date sales activity to nearly 16-per-cent above levels recorded in 2011.
Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth. However, de-spite the higher than anticipated sales growth this year our market is not overheating, simply returning to levels consistent with long term trends and prices still have not fully recovered after the last recession.
Sales improved over 2011 levels across all…