According to a report recently released by the Canadian Real Estate Association on May 15th, Calgary’s MLS listings have risen 30% since last year. Nationally, sales have also risen, but at a much lower average rate of about 11%. New listings in Calgary have risen by 4.4%
since last year.
Compared to the rest of Canada, the average price increase of a home in Calgary remained relatively modest at 0.7%. The national average was reported at 0.9%. It is estimated that housing prices as a whole will not see more than a further 2% increase this year (TD Economic).
Looking at Alberta as a whole and real estate as an economic indicator of economic recovery, real estate sales have increased by 23.5% from last year..
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