According to numbers released by CREB, year-over-year sales activity improved in Calgary for the month of April.
“The growth in full-time employment, combined with improving migration levels, is translating into improved demand for housing,” says Ann-Marie Lurie, CREB® chief economist. “While sales growth does seem exceptionally strong, it is important to keep in perspective that the sales activity in Calgary is returning to levels more consistent with the long-term average.”
By the Numbers
• Calgary residential sales total 2,200 for the month, a 26 per cent increase over levels recorded last year.
• The MLS® Home Price Index for the month of April recorded a year-over-year price increase of 5.5 per cent for a total benchmark price of $449,500.
• Condominium apartment sales totaled 1,133, a 2.2 per cent increase over the same period last year.
• New condominium apartment listings for the month of April rose by 5.9 per cent compared to last year.
• Overall for the month of April, the condominium townhouse and apartment markets recorded a benchmark price of 294,500 and 248,300, respectively.
