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Calgary Real Estate Blog

Calgary Real Estate Market Update Newsletter November 2012

Around Town!

Hope you had a safe and Happy Halloween!

November is a month when we remember those in the armed forces who have died in the line of duty. During the week of November 5th to 11th the city, and across the country, numerous ceremonies and events are held to commemorate these men and women. Visit the Veterans Affair Canada site to find an event in your area.

This month is also a time to support the many men's health issues, including prostate cancer, for Movember. If you are unfamiliar with Movember, the official Movember and Sons website, describes Movember this way:

"During November each year, Movember is responsible for the sprouting of moustaches on thousands...

Calgary Real Estate October 2012 Monthly Housing Statistics

According to the most recent CREB report, the city of Calgary has experienced a 23 percent increase in sales activity when compared to this same time last year. As a result, the city has also enjoyed a significant increase in its year-to-date sales activity, which is already 16 percent higher than that which was achieved in 2011. Nonetheless, CREB President Bob Jablonski cautions that these trends are simply returning to levels that are consistent with long term trends and that Calgary prices have not fully recovered from the recession.

While the national trend is not as promising as Calgary's, there is plenty of reason to believe the city's market will continue to move in a positive direction. In October, sales improved across all housing types within the city. With sales increasing by 17 percent when compared to the same time last...