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  • Multi-family units lead surge in Calgary housing starts

    CALGARY - Housing starts in the Calgary region ballooned in June thanks to a stunning increase in the multi-family sector, according to Canada Mortgage and Housing Corp. The agency said Wednesday that total starts rose to 2,407 units in the Calgary census metropolitan area from 912 last year - or a hike of 163.9 per cent. The multi-family segment experienced a 397.2 per cent year-over-year increase to 1,780 units, up from 358 in June 2013. The single-detached sector also saw a jump of 13.2 per cent to 627 units in June from 554 last year.

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  • Record activity in housing market outside Calgary

    CALGARY - The heat from Calgary’s sizzling resale housing market is reaching out to communities outside the city as Airdrie, Okotoks and Cochrane have experienced record MLS sales. In a report released Wednesday, the Calgary Real Estate Board said housing activity in Calgary’s surrounding communities continued at a brisk pace with record-setting quarterly sales in those three centres. Year-to-date, 2,938 units were sold in surrounding towns until the end of June, a 30.46 per cent increase over last year.

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  • Calgary leads new home price climb

    CALGARY - The Calgary region led the nation with the highest price climb for new homes in May, according to Statistics Canada. The New Housing Price Index, released Thursday, indicated that prices in the Calgary census metropolitan area rose by 0.8 per cent on a monthly basis and by 7.6 per cent year-over-year. The federal agency said that builders in the Calgary region reported higher material and labour costs, market conditions and an increase in the cost of developed land as reasons for the gain in overall prices, which have been rising since December 2012.

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  • Calgary landlord buying land near new Oilers rink

    CALGARY — While many Calgarians look on with envy as the Edmonton Oilers plan a magnificent new building to play in, landlord Bob Dhillon sees only the opportunity. The president and chief executive of Calgary-based Mainstreet Equity Corp. has been actively consolidating property in the Arena District, the site of a future home for Edmonton’s underperforming National Hockey League team. “It’s very logical,” said Dhillon. “The Mainstreet story is mid-market, add value in the right geographic city and within the right geographic city you pick the right geographic location.”

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  • Calgary condo market booming with high sales growth

    CALGARY — The pace of year-over-year sales growth in the resale condo market is much higher than the single-family home market this year in Calgary. And new condo sales are also moving in an upward trend towards the strongest levels since 2006. “Calgary’s condominium market remains resilient and in high demand with new construction being well supported demographically, exhibiting steady sales throughout the inner city and the downtown core,” said Kaitlyn Gottlieb, a realtor with Century 21 Bamber Realty Ltd. in Calgary.

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  • Canada emerges from “the housing market correction no one noticed”

    TORONTO, Oct. 10, 2013 /CNW/ - According to the Royal LePage House Price Survey released today, the average price of a home in Canada increased between 1.2 per cent and 4.1 per cent in the third quarter of 2013. The survey showed a year-over-year average price increase of 3.7 per cent to $418,686 for standard two-storey homes, while detached bungalows rose 4.1 per cent to $381,811. During the same period, the average price for standard condominiums saw a more moderate increase, rising 1.2 per cent to $246,530. Sales volumes surged in a number of regions, as Canadians re-entered the housing market after sitting on the sidelines for more than a year - marking the end of the most significant housing market correction since the 2008-2009 global recession.

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