Canada’s quickly growing cities are grabbing more attention in the past few years than ever. Cities such as Calgary and Toronto are making headlines worldwide. While recently attention has been understandably focused on Toronto's ongoing mayor scandal, business networks continue referring to Canadian cities when recommending investment opportunities.
While all of this is good news for Canadians, the statistics pertaining to Canadian real estate are often skewed to promote the market in Toronto and the GTA over other cities. Given the fickle nature of statistics, understanding data sets is often difficult enough. Combined with the task of filtering out bias much of the mainstream statistics becomes
(Calgary February 2, 2014) MLS® sales and prices for Calgary real estate started 2014 with the same momentum showed in 2013. Prices for Calgary homes rose 5.4%, while condos sold for 16.4% more in January. Combined sales volume rose 17%, with condo sales increasing by a whopping 33%. Calgary home sales rose 11% versus the same period last year.
Last month was the 10th consecutive month with a Yr/yr sales increase, and the highest number of sales for the month in six years (January 2008 recorded 6.3% more sales: 1,530). At the same time, the median sale price for Calgary homes ($459,900) and condos ($305,000) both set new records for the month. January marked the 31st consecutive month with
