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Calgary real estate board sees overall market stabilizing this year

CJME Roddy PiperRoddy Piper
Wednesday, 11 January 2017 ()

*By The Canadian Press*

CALGARY — The Calgary Real Estate Board says the city's housing market is expected to stabilize, with some prices forecast to rise this year.

In its 2017 forecast, the board says benchmark detached house prices are projected to climb by 0.8 per cent in 2017 after falling 4.7 per cent since oil prices began falling in 2014.

Benchmark condo prices are expected to fall another two per cent this year, though that comes after falling 11.3 per cent since the economic downturn began... // Read Full Article
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Source: Bloomberg Global Business - < > Embed

News video: Toronto Housing Has a Record Year in 2016

Toronto Housing Has a Record Year in 2016 02:53

Jan.05 -- Sales figures released Thursday by the Toronto Real Estate Board show the city’s realtors sold C$82.6 billion worth of homes last year, an increase of almost $20 billion from 2015. Unit sales rose 12 percent and prices increased by more than $100,000 to an average $729,922. That’s up 17...

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