Adil Thobani // 403-861-5656 // adil@adilthobani.com

Calgary resale housing market in balanced territory

Short-term annual price growth could be up to 6.9%


By Mario Toneguzzi, Calgary Herald

Photograph by: Ted Rhodes , Calgary Herald

Calgary resale housing market in balanced territory
 

Prices are expected to continue their year-over-year climb in the Calgary region.

CALGARY - Calgary’s resale housing market is classified in balanced territory with short-term year-over-year MLS price growth expectations in the range of five to 6.9 per cent, says the Conference Board of Canada.

In its latest Metro Resale report, released Thursday, the board said the Calgary area’s sales-to-new-listings ratio in May was 0.698 and a balanced market range would be 0.467 to 0.745.

It said the annual rate of sales in May was 32,676, up 10.6 per cent from last year while new listings were up 5.7 per cent year-over-year to 46,728.

The average price in the Calgary market in May was $453,315, up 6.6 per cent from last year.


Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.