Calgary Real Estate Market Report

Though the real estate market suffered a setback during the recession it is on its way to recovery in the present times. Calgary Real Estate is a case in example. With time Calgary Real Estate is showing signs of betterment and in different segments as well. Be it single homes or condos, Calgary real estate property prices are on the rise.

The statistics of the Calgary real estate market can give a clear view. The average price of a Calgary metro area single family home was $459,085 (as recorded in September 2009). This shows an increase in the price by 1% from that recorded in August 2009 and an increase by 3% from that in September 2008.

The condos of Calgary have also recorded an increase in the average price. Calgary condos located in the metro area have recorded an average price of $290,253 in September 2009. This figure reveals the fact that the price has increased by 2% from what was recorded in August 2009 and by 1% from last year’s average price.

The median price for Calgary Real Estate properties have also changed. A single family home in the Calgary metro area recorded a median price of $399,900 in September 2009. This wasn’t much different from the figures recorded in August 2009 but there was an increase by 1% when compared to figures recorded in September 2008.

Similarly the price of Calgary condos recorded a median price of $265,000 in September 2009. This was an increase by 2% from September 2008 prices. The number of homes sold has also increased in the Calgary region as compared to the number of homes sold in 2008.

Calgary, Alberta Real Estate: search for value homes begin here! Know more about it.

The largest city in Canadian state Alberta is Calgary. It is located in the parkland region of Alberta. Winter sports and ecotourism is the essence of this place. The economic upswing happened when oil was first discovered in Alberta in the year 1902. The city’s economy started to grow when the oil prices started to rise with the Arab Oil Embargo. This was a major turnaround for Calgary as skyscrapers were constructed at a rapid pace which changed the face of the city.

Calgary today has turned out to be a modern cosmopolitan city with night clubs, bars and most of all it is Canada’s centre for country music. Cochrane which is a part of the Alberta province is a small industrial centre and one thing that is amazing about this place is that it has no business tax. Many researchers have recommended investors to put their money in the Real Estate Sector in Alberta for long term. The strong economy of Alberta made it the No.1 destination of Canada to invest in Realty. The reason for Calgary, Alberta to be such a thriving place is because of its low unemployment, an abundance of jobs, improved infrastructure, high energy prices and affordable housing costs. The market trend of homes in Alberta is showing positive trends for investors to invest for long term.

If you are planning to invest in Calgary, Alberta Real Estate properties, Calgary Realtors can help you out with matters pertaining to listings and legal procedures.

Calgary Real Estate – Your Search for a Dream Home Ends Here

Calgary is the largest city in the province of Alberta, Canada, nestled in the foothills of the Canadian Rockies. The region is renowned for its winter sports activities and eco-tourism and offers numerous major mountain resorts that are located near the city and the metro area. Petroleum is the major industry. Apart from this agriculture, tourism and information technology also contribute substantially to the economic growth of Calgary. Breathtaking scenic vistas, favorable climate, relatively low population, strong agricultural economy, job opportunities, and a low cost of living contribute towards its popularity among real estate investors , families and individuals, alike, that are looking to invest in real estate properties in Calgary or relocate, or rent or buy Calgary homes apartments, condominiums or land in Calgary.

The city of Calgary provides other amenities for recreation and leisure that includes restaurants that offer fine dining experience, an active nightlife, theater, music festivals, sporting events, museums, and parks. The Canadian Rocky Mountains provides scope for great outdoor activities and adventure such as mountain biking, mountain climbing, hiking, fishing, and swimming.

A unique mix of warm hospitality and urban sophistication makes Calgary city a world class destination attracting tourists, individuals, and families in search of their dream homes. The average sales price of homes in Calgary is $451,120 for new single family homes and $287,300 for a condominium.