My Home Calgary

Via Scoop.it – My Home Calgary: Calgary Real Estate News

The Calgary census metropolitan area experienced one of the largest increases in the country in February in the total value of building permits.

Via www.calgaryherald.com

New listings at a good price generating a lot of activity.

City of Calgary residential sales continued to rise in March 2012, reaching 2,167 units, an increase of 12.6 per cent over last March, according to figures released on February 1, 2012 by CREB® (Calgary Real Estate Board) .

“The rise in activity is related to the continued improvement of our economy and consumer confidence, as some concerns
regarding the global economy have eased,” says Ann-Marie Lurie,  CREB® chief economist.

After the first quarter of 2012, sales are up by 7.3 per cent over the same time last year. While the increase is significant, when
compared to historic activity, residential sales continue to remain below the long-term trend. Monthly new listings remain slightly lower than last year, whereas year-to-date figures show 7.2 per cent fewer listings have come onto the market in the first quarter of this year.

2011 a year of steady improvement for the housing market

According to figures released by CREB® (Calgary Real Estate Board) on January 3, 2012, Calgary residential sales in 2011 increased eight per cent over last year, with 18,568 sales for 2011 compared to 17,267 in 2010.

Recovering from tepid sales activity in the first half of 2011, early improvements in employment and migration resulted in a pickup in housing demand in the second half of the year. By the end of June 2011, year-to-date sales activity had only increased by two per cent compared to the second half of the year, where residential sales improved by 15 per cent.