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Tuesday, December 2, 2014 - The price growth slows in Calgary for November

Improving inventories in November has helped ease price growth pressure.  

As in previous months, November saw double-digit growth in year-to-date sales for all property types. However, the strongest gains were in the condominium apartment and townhouse sectors with a combined growth of over 19 per cent.  

The single-family benchmark price for November was $511,300 an 8.7% increase year over year. The condo apartment benchmark was $300,700 and the townhouse benchmark price is $338,600 with a combined growth of over 19%.

Overall unit sales for November totalled 1,782 homes, which compared to 1,724 homes sold last November, is a 3.36% increase. 

“While Calgary’s price gains have garnered a significant amount of national attention, several indicators are pointing toward more stable conditions, easing risk associated with an overheating market.”

Click here to access the full monthly statistics package.

Buying, selling or investing in a home in Calgary? You'd need an area expert who'll listen to your needs and guide you to the best deal. I'll be your guide from A to Z. Contact me now at 403.650-1796 or at and let's get the job done fast and the way you want it!

posted in General at Tue, 02 Dec 2014 05:10:46 +0000

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