HOMEBUYERS CONFIDENCE HOLDS STEADY DESPITE GLOBAL TURMOIL

Sales gain momentum in the first three quarters of 2011

Calgary, October 3, 2011 " According to figures released today by CREB (Calgary Real Estate Board), residential sales continued to gain momentum in Calgary this year, totaling 14,832 after the first three quarters, a seven per cent per cent rise over last year.

Despite recent turmoil in the global economy, Calgarians are showing confidence in the long term prospects for the city and are taking advantage of affordable and stable home prices, says Bob Jablonski, president-elect of CREB.

Undoubtedly, there are a lot of unknowns in the worlds current financial situation, but Calgary and Alberta may be relatively safe havens amidst this uncertainty. Granted, gains in the housing market have been very gradual but we are seeing signs of improvement. Our provinces growth is expected to outperform the national average, and this will help buoy...