Buyer Enthusiasm Buoys Calgary Residential Real Estate Market

Demand for residential real estate in Calgary this year was at its peak level in years as decreasing inventory levels could not keep pace with buyer enthusiasm, driving the market into seller’s territory for the first time since 2007, says a new report by RE/MAX.

The Housing Market Outlook 2014, released Wednesday, said several offers made their return in 2013 amid growing competition particularly at the lower single-family price points, but the “frenetic climate of 2007 did not return with it.”

RE/MAX said the upper end of the market is anticipated to gain further traction next year, strengthened by employment and income growth and equity gains.

Comments:
No comments

Post Your Comment:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.