Average housing prices up 12%
Posted Apr 5, 2010 8:54 am.
This article is more than 5 years old.
The Calgary Real Estate Board says the spring market has come early to our city.
Thanks to the rush to get a jump on rising mortgage rates, Calgarians paid 12 per cent more for the average house last month compared to 2009.
The C.R.E.B. says improved economic conditions, better employment prospects and an earlier than expected rise in mortgage rates are all contributing to the early boost in sales.
The latest statistics also reveal the number of single family homes sold last month was up 29 percent from the same time a year ago.
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