Calgary Real Estate Market Stats December 2011

2011 was a year of recovery for the Calgary real estate market. We saw home and condo prices balance out as the economy continues to improve.  Sales in December overall were up and the positive recovery of the Calgary market is expected to continue into 2012. Low interest rates continue to assist in making Calgary's real estate market affordable. Although the Calgary Real Estate Board does not widely track demographics for buyers it is though that more than half of homes currently being sold are sold to first time home buyers that are getting into the market with the mixture of low interest rates and decent pricing opportunities.

Calgary Real Estate December 2011 Monthly Housing Statistics