New Construction Condo & Townhome Sales on the Rise in Calgary
New data from Urban Analytics shows sales for new construction condos and townhouses in Calgary were on the rise from the beginning of December all the way through the first two months of 2017. According to the latest numbers, total new construction multi-family home sales have jumped 11% from December 1st of last year up until the end of February of this year compared to that same time frame a year ago.
When it comes to condo units specifically, increases were registered in both the concrete and wood frame segments of the market place, which is especially encouraging given Calgary has seen very few units delivered to the market over the last 12 months or so. In all, 95 concrete apartment-style condos in Calgary sold from December 1st through the end of February, which is up from just 72 sales the previous year. Wood frame condo developments saw 254 sales over that span, which is up from 208 sales one year prior.
As for townhouses in Calgary, the increase in sales volume is a bit lower, jumping from 186 transactions to 195 transactions within the aforementioned time frame stated above.