Are you interested in more research and analysis focused on the new housing market? If so, I have some good news.
Fortress Real Development has just released the first issue of “The Market Manuscript” which will be a bi-annual report on the new Canadian housing market. The report will have a specific focus on select Census Metropolitan Areas which includes Calgary.
Below are three interesting highlights about Calgary’s new condo market from the report:
- The 28 completed and unabsorbed condominium apartment units in the Calgary CMA at the end of 2013 are the lowest since the boom years of 2006 and 2007, and represent a decrease of 89% from 2012.
- A total of 5,400 new townhouse and apartment units sold in 2013 in the Calgary CMA, an increase of 30% over 2012 and the highest level of activity since 2005.
- The new condominium market experienced rapid pricing growth in 2013, with prices rising by $20,000 to $30,000 in the suburbs and upwards of $40,000 in the inner-city region.
The download page for the report can be found here.