Calgary Real Estate to see modest growth in 2010
Good news for Calgary real estate owners and buyers this month according to the Calgary Real Estate Board (CREB) 2010 forecast report released last week.
According to their report, Calgary Single Family homes will see a small price growth (+6.3% over 2009) and a relatively large (+17.7% over 2009) spike in total sales, while the condo market will see prices rise +4.3% over 2009 and a smaller but significant growth (+10.6% over 2009) in unit sales.
According to Diane Scott, the Calgary Real Estate Board President "the good news is low interest rates and price reductions mean buyers can afford more. This has meant monthly mortgage payments have come down dramatically - and are more in line with the income…