For the first time in two years the Calgary real estate market saw big increases in sales volumes across all sectors. We are looking at October 2016 vs October 2015.
Calgary - sales up 15.61% & inventory down -3.45% across the city.
Single Family Sector
Detached - sales up 18.23% & inventory down -12.19%
Semi-Detached - sales up 28.13% & inventory down -17.06%
Townhouses - sales up 7.61% & inventory up 11.65%
Apartments - sales up 5.91% & inventory up 12.88%
The rise in inventory in the condo market still shows it will take longer for that sector to recover. This is expected to lag behind the single family home market heading into 2017.
This is a strong increase in the market but we will need to monitor this over the next few months. We could attribute the increase in sales to the new mortgage rules that were put into place on October 17th. We will know more soon but this is all positive at this point.
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David Jablonski - Team Lead - Jablonski Real Estate Group - Remax First
At the end of January 2017 we saw positive numbers across the board. S
"When it was time to sell my house I knew exactly who I was going to call - and Dave did not disappoint. From the second I texted him to signing the final paperwork, Dave advocated for me and getting what I wanted out of the sale of my home. He always made me feel like I was in the drivers seat but had a great co-pilot beside me to navigate and give suggestions on what direction to go! Dave was upfront and honest in all his dealings and made the process seamless and painless. I will definitely be using him to find my new house and would highly recommend him for the sale of your home!"