New Housing Market Report: March 2014 Release

Are you interested in more research and analysis focused on the new housing market?  If so, I have some good news.

The Market ManuscriptFortress 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.

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