Building the foundation of a recovery

The convergence of continued low interest rates, affordability, ample selection of inventory and improved confidence is building the foundation of a sustained recovery for Calgary”s housing market. Year over year and month over month increases in sales point the way to a recovery, pronounced in the entry level of the market. We are also witnessing with some signs of increased activity in the upper blackjack end markets as well. While sales were led by the single family sector we expect the condominium sector to follow once the larger selection of condo inventory is absorbed. The current broad selection provides an excellent window of opportunity for Buyers looking to enter the market. Download the full report from CREB.com

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