November sales, prices dwarf year-ago levels

(Source: Calgary Herald)

One year ago, the downturn in the Calgary residential real estate market was beginning to take hold on the heels of a global financial market meltdown.

But just two weeks into November, preliminary housing sale numbers indicate how dramatically the market has turned since then.

Sales in November of this year will eclipse those for November 2008. And at this pace, average sale prices will also be up from a year ago.

Read Mario Toneguzzi’s full article “Calgary housing market surging” in the Calgary Herald (November 21, 2009).

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