Calgary Real Estate Sales Still on the Rise in 2011.

Calgary residential real estate sales this year are up 7% from last year after the first three quarters. Single family home sales in September were up 8% from last September, while inventory levels are still lower than last year. Condo sales are up 2% in the first three quarters compared to the same time last year. Single family homes are selling faster than condos/townhomes and for closer to asking price.  For current market stats see Calgary Housing Statistics.

Despite the unknowns arising around the global economy, Calgary house prices are stable and affordable. Mortgage rates are near record lows. Alberta's growth is predicted to outperform the national average. Calgary still remains one of the most affordable regions to own a home of all the major cities in Canada. Calgary continues to add full time jobs to the economy, which is leading to a positive flow of migration from other provinces. Homebuyer's confidence is holding strong in the long term prospects for Calgary.

If you have been thinking about getting in to the market, now is the time! Get into the Calgary real estate market now and start searching for your new home or condo or let me do the searching for you.

I love to help people get the most out of any market, whether you are buying or selling. So please, have a look around my website, and contact me with any questions you might have about the market or my services. Have mortgage questions or don't know how to get started? I can get you in contact with the right people at the best rates.


Sincerely,


Mark Burnham
REALTOR®