Calgary sales lead Canadian markets

The most recent monthly report produced by the Canadian Real Estate Association shows Calgary was in the top position for monthly sales gains across all markets for real estate in Canada.

Recorded residential sales in the city for May totalled $1.8 billion up from $1.4 billion twelve months ago. The number of properties that changed hands during the month was in excess of 3,830 a lift of 18 per cent compared to May 2013 At the end of May the total year to date value of residential real estate transactions across the city was recorded at $6.7 billion – 23 per cent higher than the same period during 2013, The number of sales to the end of May was 14,515 – 16 per cent above the number sold during the first five months of last year. In a sign that vendors are more confident about the market the level of new listings were significantly higher during the first two weeks of June. The CREA report shows that home sales had improved from the same time twelve months ago in more than half of all local markets.

http://www.propertyworld.com/Property-News/Calgary-sales-lead-Canadian-markets-4320