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Alberta helps fuel strong Canadian Market


Blog by Sara Kalke | October 15th, 2013


The huge price gains in Edmonton and Calgary over September helped Canada's market see "soaring" MLS sales compared to a year ago.  In Edmonton, year-over-year sales were up 24.8%.  Yes, that's not a typo: 24.8%! 

We had a fabulous month; my phone was ringing, my email inbox was dinging, and I still am spectacularly busy.  In fact, September and October (so far) have felt more like our busy spring market than like our fall market.

Thinking of buying or selling?  I'm here for you!

Your REALTOR®,
Sara Kalke

Text or call: (780) 710-7669





Alberta helps fuel strong MLS sales in Canada

 

National transactions up more than 18% Y/Y

 
 

CALGARY — Led by gains in Calgary, Edmonton, Greater Vancouver and Greater Toronto, Canada’s housing market experienced soaring MLS sales in September compared with a year ago.

The Canadian Real Estate Association said Tuesday that national sales of 38,147 during the month were up 18.2 per cent from September 2012.

That is roughly on par with the 10-year average in September. The 18.2 per cent increase compared to year-ago levels reflects weakened activity at that time, said CREA.

In Calgary, sales rose by 20.5 per cent to 2,475 transactions.

“Currently it is still a strong sellers’ market wherein we are seeing properties in prime locations come on the market and within a day being sold unconditionally for above listed price when priced accordingly,” said Grace Yan, a realtor with RE/MAX Real Estate (Central) in Calgary.

“We are still experiencing vast amounts of relocations from all parts of the world as Calgary’s oil and gas economy remains strong. We are expecting the rest of the year to remain a strong, healthy resale market due to the limitation of suburban developments and the long periods of time to obtain building permits for new builds along with limited public transportation in suburban areas.”

In September, sales year-over-year sales increases were 64.3 per cent in Vancouver (2,524 sales), 26.1 per cent in Toronto (7,411), and 24.8 per cent in Edmonton (1,712).

 

See the rest of the article HERE