Calgary resale housing market can expect year-over-year price growth
CALGARY - Short-term year-over-year price growth expectations for the Calgary resale housing market are in the range of five to seven per cent, according to the Conference Board of Canada.
In its Metro Resale Index released Thursday, the board said the average price in Calgary was $397,514 in January, up from $385,049 in January 2010.
It said that seasonally-adjusted sales on an annual basis were 21,996 for January, up slightly from 21,924 in December but off from 23,508 in January 2010.
Joining Calgary in the five to seven per cent range of short-term price growth were Victoria, Vancouver, the Fraser Valley, Regina, Winnipeg, Halifax and Newfoundland.
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