Sales Rising

Sales Rising

Figures from the Calgary Real Estate Board show that for the first five months of this year, condo sales were sitting at 2,676 — an increase of almost 20 per cent from the same period last year.

As for the average selling price, it was $304,662 for January to May, up from $275,212 in 2009.

At the end of May, there was also an inventory of 2,656 condos for potential buyers to look at, up from 1,952 during the same month last year.

When it comes to new construction, Canada Mortgage and Housing Corp. says work has started on 1,128 multi-family housing units (nearly all condos) for the first five months of this year.

For the same period in 2009, the figure was 372 units.

“New construction for semi-detached and townhouses has been brisk, representing the majority of multi-family construction,” says senior market analyst Richard Cho of CMHC.

Posted via web from Toronto Real Estate News, Blog

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About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

One Response to Sales Rising

  1. I cannot believe this is true

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