Calgary market joins others with increase in sales in fourth quarter

(Source: Calgary Herald)

Canada’s resale housing industry is showing signs the worst might be over, say figures from the Canadian Real Estate Association.

From April to June, 147,351 properties changed hands–the fourth-strongest quarter for sales in the history of the Ottawa-based umbrella organization of all the provincial and local real estate boards.

As well, activity was up 1.4 per cent from the April to June last year–the first year-over-year increase in sales since the final quarter of 2007.

“Potential buyers who moved to the sidelines late last year when economic uncertainty peaked are returning to the housing market now that the worst of the recession may be behind us,” says CREA president Dale Ripplinger.

Read Marty Hope’s full article “Worst may be over for Canadian housing market” in the Calgary Herald (August 8, 2009).

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