The recovery in the Canadian real estate continued in June, spreading to 70 percent of markets. In Calgary, seasonally adjusted sales were up 25 percent, ranking ahead of other major markets including, Edmonton, Toronto and others. Most economists and industry experts are singing a common tune; the worst of the downturn in the Canadian real estate market is over. The Canadian real estate market has now seen four straight months of growth and a 16% increase in the average home cost. The most desirable properties appear to be those under $600,000, with buyers who were previously priced out of the market scooping up deals and locking in at record low interest rates.
As always, visit my Calgary Real Estate website for further information regarding the Calgary Real Estate market.
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