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Calgary Real Estate Market to April 30, 2017.


Blog by Paul Thomas, REALTOR | May 2nd, 2017


Calgary Real Estate market continues a slow strengthening especially in the detached sector.  There is still an over-supply in the condominium apartment category.

This stability is due to improvements in the labour market, and as more people return to work confidence is returning. People are deciding that now is the time to buy.  The other thing to think about is are we going to experience any spill-over from the Toronto situation now that the rules have changed there?

As can be seen in the graph below the inventory of houses available (green line) is continuing to decline.  As less product is available the prices will strengthen further, this can be seen on the red line.

Each area of the city and class of property is somewhat different so if you are wondering about your property or area please contact me so that we can do a detailed analysis.  

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