Seasonal Blip or Calgary Market Recovery?
MLS sales for metro Calgary in September 2010 improved slightly over August numbers but continued to reflect buyer's general lack of confidence in the global economic recovery. Canadians are increasingly worried that the U.S. economy is poised to sink back into a "double dip" recessionary period. I attribute the increase in Calgary real estate sales to normal September buyers returning to the market. Metro Calgary property sales for September totaled 1,231, a 7.6% increase from last month and a 28% drop from last September (combined SF Calgary homes and condos):
- SF (metro houses) Calgary sales totaled 958, a drop of 23.8% vs Sep 2009: (1,257 SF sales in Sep 2009)
- Metro Calgary condo sales totaled 366, a