Calgary condo market heats up

New number may dismiss the idea that the country’s condo market is in dire straits, revealing sales of new condos in Calgary have reached their highest level in six years.

A report released by AltusGroup shows multi-family sales in 2012 were up an impressive 26 per cent from 2011 at 4,180, albeit below the market’s peak in 2005 of 5,868. The report cited advanced investor demand as a contributing factor to the growth, alongside consumer confidence and a strengthening economy.

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