In a sign of rising optimism about Calgary's housing market, a number of condo towers in the city's centre are moving ahead - including two that stalled with the economy, with shovels already in the ground. "It's all very positive," says David Watson, the city's general manager of planning, development and assessment. "It says to me people are pretty optimistic about the future, any of these plans are probably a two-year build, everyone's looking two, three years out." The city is currently reviewing at least four applications for residential towers in the … [Read more...]

CALGARY — Calgary’s residential real estate market experienced a significant upswing in sales in June compared with a year ago. Single-family MLS sales during the month were 1,398, up 32.01 per cent from June 2010’s 1,059 transactions, according to data released by the Calgary Real Estate Board on Monday. And for the first time since April 2010, condo sales were up year-over-year, increasing by 30.56 per cent in June to 581 transactions. In June 2010, there were 445 condo sales. The average sale price for a single-family home in June … [Read more...]