« Toronto tax-payers live on easy street | Main | Home resales down by 5.6% »
Calgary is now a buyer's market
A real turn of events for the real estate market is occuring in some of Canada's hottest urban areas. New MLS numbers from the Calgary Real Estate Board show it's now a buyer's real estaste market in that city.
Figures show listings up in March by more than 11 per cent, compared to the same month last year. The Calgary board's president says, "gone are the days of sellers naming their price."
Ed Jensen adds, "with one in five homes selling in today's market, this is a great time to buy a home."
The latest numbers also show the average sale price for a single family home in Calgary-metro in March, 2008 was $474,513. That is a 1.1 per cent decrease from March, 2007.
April 2, 2008 in Canadian Real Estate Market | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/t/trackback/4814/27686746
Listed below are links to weblogs that reference Calgary is now a buyer's market:
