CALGARY — Single-family MLS sales and the average sale price rose in May compared with a year ago, according to the Calgary Real Estate Board. In releasing its monthly data Wednesday, CREB said there were 1,313 single-family transactions for an average price of $489,482 during the month. Sales were up 4.04 per cent from the 1,262 sales in May 2010 and the average price increased by 1.29 per cent from the $483,240 a year ago. However, the condominium market continues to be slow. In May, 503 condos sold for an average price of $287,384. Sales were down 2.9 … [Read more...]

CALGARY — A report by Canada Mortgage and Housing Corp. forecasts MLS sales in the Calgary region to increase by nearly five per cent this year compared with a year ago while the average sale price will rise by just over one per cent. The CMHC’s Spring 2011 Calgary Housing Market Outlook, released Monday, predicted MLS sales in the Calgary census metropolitan area would hit 22,000 this year, up by 4.8 per cent, and increase a further 2.3 per cent in 2012 to 22,500 transactions. The agency forecast the average sale price to increase by 1.1 per cent … [Read more...]