October 2012 Outlook for Calgary Alberta Real Estate by Rod Forsythe and the Calgary Real Estate Board

The population in Calgary and Alberta is growing, the oil industry is busy and the average age of a Calgarian is 15 to 20 years younger than that of Toronto or Vancouver.
There are some very good Real Estate numbers coming out of Calgary in 2012.
Luxury Home Sales over $1,000,000 are up over 8% and these sale numbers rival the boom years of 2006 and 2007.
Country Residential Property unit sales are up about 8% over last year and the prices are have come off about 4% year over Year. The average price in 2012 is $790,673 YTD down from $816,655 in 2011.
Single family homes in Calgary unit sales are up just over 8% year over year and the average benchmark price has gone up to $433,300 in 2012 from $399,700 in 2011. (This number has stayed consistent since June of 2012 when the Benchmark price was $430,800)
Condominiums have increased in value about $9000 year over year setting the new benchmark price at $279,000 in 2012. Unit sales for Condominiums have increased about 8% in 2012.
We are getting older. Yes 10,000 people a day for the next 18 years will turn 65 in North America. Mature housing will be a vibrant part of our Real Estate landscape for a longtime…
I have helped people buy and sell Calgary Real Estate since 1986. If I can be of service please contact me.
Rod Forsythe Keller Williams Real Estate Calgary Alberta Canada
403.777.1040 e-mail rod@rodforsythe.com
A special note to our American friends in the North East, We wish you well and know you will recreate your environment with patience and ease. All the Best from Calgary Alberta Canada