(Source: Calgary Herald)

CALGARY – Calgary’s resale housing market is seeing an uptick in activity as consumer confidence increases and we can expect a slow, steady return to stability over the coming months, says the president of Coldwell Banker Canada.

The local resale housing market has slowed compared with last year because of the current economic conditions and the high inventory of new homes built during the past few years of the boom, said John Geha, who was in Calgary on Wednesday speaking to local professionals about the real estate market.

“The trend that we’re seeing — the increase, the stabilizing — we see that continuing. And we really see the Calgary market starting to right side itself throughout the year and be back on track towards the end of the first quarte

Read the full article by Mario Toneguzzi “Stability seen returning to Calgary housing market” in the Calgary Herald (May 14, 2009).

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