EDMONTON – Despite leading the country in employment, a steady stream of migrants and still-enviable economic growth, the Realtors Association of Edmonton forecasts “restrained” growth in the local resale housing market for 2013.
The prices of single-family MLS homes in the Edmonton region will increase on average by two per cent to $390,020 from $382,373, according to the group’s annual forecast released Wednesday at a seminar.
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CALGARY — Alberta will lead the country this year and in 2013 in the pace of growth in the resale housing market, according to a new forecast by the Canadian Real Estate Association.
The national association of realtors said Monday that Alberta MLS sales this year will finish up 13.1 per cent from last year to 60,800 transactions and sales will lead the country next year as well with 1.3 per cent growth to 61,600.
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While residential sales continue to show double-digit growth compared to last year, the resale inventory is starting to decline because new listings are not keeping up with demand, says the Calgary Real Estate Board.
Nevertheless, the city’s resale market remains in balanced conditions because the ratio between sales and inventory is stable, show numbers from CREB’s monthly sales report.
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CALGARY — Calgary’s resale housing market continues to defy a national cooling trend.
With one day left in November, data from the Calgary Real Estate Board indicates total MLS sales and average prices during the month in the city are elevated from last year.
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Calgary’s resale housing market is not only bucking national trends, it is approaching levels not seen since the boom year of 2007.
October sales data released Thursday by the Calgary Real Estate Board (CREB) show the average sales price of a single-family home in Metro Calgary was $492,777, the second-highest monthly average this year ($502,000 in May) and the third-highest since July 2007, when the record average price of $503,000 was set.
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Multi-family resale housing activity in Calgary was strongest in the city’s southwest from July to the end of September, says the Calgary Real Estate Board.
The board’s Zone C, which roughly covers that quadrant, saw sales of 843 units at an average price of $323,991 — nearly double that of the next highest, Zone A. Approximately covering northwest Calgary, Zone A had 445 sales at an average price of $288,179.
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