According to a report released by RBC, the Calgary housing market has experienced steady activity in the third quarter, and improving trend in affordability. The Housing Trends and Affordability Report by RBC Economics illustrates that despite slower markets elsewhere in Canada, Calgary’s market has seen a resurgence in home sales activity and overall looks positive.
“A significant pickup in resales during the first half of the year considerably tightened Calgary’s market conditions, which may eventually lead to stronger upward pressure on home prices in the city,” said Craig Wright, senior vice-president and chief economist with RBC, in the report.
So what do the numbers look like right now?
• Average single family sale price is $491,872
• Average condo sale price is $304,252
• Over 1,400 total sales
• Over 4,000 active listings
• Average condo sale price is $304,252
• Over 1,400 total sales
• Over 4,000 active listings
* these numbers reflect the last 30 days in the Calgary market
If you’re looking for more information on the current state of Calgary’s housing market, please feel free to contact us!
