MLS average sale price in single-family market up 6.7%…condos up 3%…number of single family home sales up 63.4%…condo sales increased by 77.5%!…


Calgary’s residential real estate market reveals how dramatically things have changed since the economic meltdown was beginning to cut through the local economy a year ago.

The Calgary Real Estate Board said Tuesday that single-family home sales last month were up 63.4 per cent and condo sales increased by 77.5 per cent compared with November 2008.

The MLS average sale price in the single-family market jumped by 6.7 per cent, while condos rose by three per cent.

Read the full article by Mario Toneguzzi, “Calgary home sales gain momentum” in the Calgary Herald (Dec 2, 2009).

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