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December 2019

Found 2 blog entries for December 2019.

Calgary Home PricesA newly released housing market forecast predicts home prices will rise in Alberta in the coming year. According to a market survey forecast from Royal LePage, two major Alberta cities are in line for a slight increase in homes prices for 2020.

The study foresees a 1.5-percent year-over-year increase in the aggregate price of a Calgary home. It’s forecasting a 0.75-percent year-over-year increase in the median price of a condo and a 1.75-percent year-over-year increase in the median price of a detached, two-storey home. Those increases likely won’t be a factor until the second quarter of the year. 

As for Edmonton, the survey predicts a one-percent increase in the aggregate price of a home at the end of the new year. During the same time, the median

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Calgary Housing MarketAn oversupply of homes in Calgary means the market will likely remain a buyer’s market. According to a recent report from the Canadian Real Estate Association, prices fell this past November by two percent when comparing sales to a year ago.

The CREA maintains Calgary’s benchmark home price was just over $419,000. That was slightly lower than the previous month. The association also reports, as of late December, sales were just slightly above last year.

Economists say it will likely take some time to achieve more stability. The report points to varying market conditions due to location, price and type.

In terms of detached homes, November sales were more in line with a year ago, but still well below long-term trends. As for attached homes,

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