Home sales surge in March
Posted Apr 1, 2010 10:15 pm.
This article is more than 5 years old.
Home sales in Calgary have jumped by nearly 30 per cent in the last year.
Calgary Real Estate Board numbers show just under 1,396 single family homes were sold in our city last month compared to 1,086 in March 2009.
Condominium sales did even better, up 37 per cent in the same period.
“The spring market has come early to Calgary,” said Diane Scott, president of the Calgary Real Estate Board. “Improved economic conditions, better employment prospects and an earlier than expected rise in mortgage rates are all contributing to this early boost in sales this year.”
The Bank of Canada governor has hinted he might not be able to wait until July to boost the benchmark rate.
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