(Source: Calgary Herald)

Calgary’s resale housing market is chugging along. Once in a while, you hear of a home that has attracted more than one buyer, setting up a bidding war–but for the most part, the sales engine in this buyers’ market is purring along nicely.

In April, nearly 1,300 detached homes were sold through the Calgary Real Estate Board’s MLS system, along with 579 condos.

As I’ve said previously, affordability is playing a key role for those buyers who are comfortable in their jobs and looking to get into home ownership for the first time.

Prices are running at about 10 per cent below year-ago levels and there have been four straight months of sales increases.

Read the full article by Marty Hope “Affordability drives increase in home sales” in the Calgary Herald (May 16, 2009)

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