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  • Calgary set to break housing records

    he Calgary and area housing market is set to break records for sales and new home starts in 2014, according to the Fall 2014 Calgary Housing Market Outlook from Canada Mortgage and Housing Corp.(CMHC). CMHC is expecting new home starts to reach 17,200 units by year end, surpassing the record of 17,046 starts in 2006. In that record-setting year, builders started 13,039 new homes to the end of September in the Calgary Census Metropolitan Area (CMA). To the end of September this year, there have been 13,038 new home starts, 3,244 short of the record and 3,367 short of CMHC’s new forecast.

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  • Calgary resale housing market in balanced territory

    Calgary’s resale housing market is in balanced territory, according to the Conference Board of Canada. In a report released Friday, the board said the sales-to-new listings ratio in Calgary was 0.717 in September. It said the seasonally-adjusted annual rate of MLS sales in the city was 34,752, down 2.3 per cent from the previous month but a hike of 8.6 per cent year-over-year. The annual rate of new listings at 47,676 was down seven per cent month-over-month but up 11.4 per cent year-over-year. In September, the board said the average sale price in Calgary of $466,425 represented a 0.5 per cent monthly gain and a 6.2 per cent annual gain.

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