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Calgary Real Estate Blog

Calgary Real Estate February 2015 Monthly Housing Statistics

Calgary Real Estate Stats February 2015The latest Calgary housing market report shows some ups and downs for the city. Overall, new listings are slowing down, which means there is likely to be some downward pressure on the supply growth within the Calgary resale market.

While Calgary home sales remained below the long-term averages for the month of February and year-over-year new listings growth fell from 37 percent in January to nine percent in February, inventory levels increased to 5,474 units. Nonetheless, while the supply levels are higher than what the market has seen in awhile, they are still falling short of the record high of 7,000 units that was achieved in February 2008.

Overall, the city of Calgary also saw its real estate sales fall by 34 percent when compared to...

Price Gap Between Condos And Houses Largest In Years

CALGARY REAL ESTATE NEWS – For a lot of people buying homes for the first time, condominiums have been a way to transition from owning your own home to owning your dream home. However, an influx of upcoming condos and aggressive bidding battles for modern detached houses has led to an increasing gap between the rates of house and condo prices which hit the peak last year.

Comparing Housing and Condo Price

The average price gap in December between a one family house and a condo for sale in the market reached $320,000.  Canada’s four main cities were affected by this which are Calgary...