As the first quarter of 2013 rolls along, Calgary’s condominium market is thriving.

“With less selection in the single family market, particularly at the lower price ranges, more consumers are turning to the condominium market,” said Ann-Marie Lurie, CREB® chief economist. “Throughout the downturn there were more single family homes priced under $400,000. However, over the past few years the number of new single-family listings in this range represents a declining share of the market, leaving consumers looking for more affordable products.”

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