Single family home sales in the first quarter of 2011 showed a 4 per cent increase over 2010. Average single family home prices remained stable compared to the first quarter of last year, as people continue to purchase more homes at the lower end of the price spectrum. The rise in sales has been offset by a corresponding increase in listings, resulting in stable average prices.
Improved affordability levels in single family homes have offered some individuals the opportunity to purchase homes in areas of the city that were once unattainable. The combination of stable home prices, low interest rates and year-over-year improvements in employment are the primary factors fueling the growth in Calgary’s Real Estate market. View the full report on Creb.com