It feels so good when everything starts turning for better.

I can't help but smile at the latest development that is happening across all sections of Calgary real estate! More than ever I am convinced that everything is back on track and real estate in and around Calgary is only going to go up and not the other way round! And why shouldn't I feel so confident?

Just look at the latest figures that are in! CREB (Calgary Real Estate Board) has presented the latest figures on 1st of this month and there is nothing but good news in it. Compared to last year, the number of house selling in Calgary has gone up to a whooping 25%! You will be happy to know that while in February 2009, total number of Calgary single home sold was around 825, we have crossed 1035 mark this February!!

Even the sell of Calgary condo is going up. While in January 2010 376 condominiums got sold, the figure has increased by 43% by February. 536 houses were sold only in last month compared to 343 sales in the same month last year. But such a rise in demand has also made many investors jittery as they think that it is just a bubble. Let me assure you, if you are one of them, that this is furthest from truth. Calgary real estate market is a steady and reliable market and as Diana Scott, president of CREB stresses, "There has been much talk of a housing bubble in some markets across Canada but we believe balance, not bubble, is the story of the Calgary housing market for 2010".


The booming economy of Canada is also helping in this growth spur. Fourth quarter of last year has been especially fruitful and those who want to invest in real estate should do it now before there is a rise in interest rates.

The only thing that I am not too much enthusiastic about is the moderate rise in the median price range. Between February last year and this, there has been about 10% rise in median price for single family home; though it is heartening to notice that between January 2010 and February 2010, median price for such houses has increased to $411,000 from $398,000, a jump of about 3%! Similarly residential listing of single Calgary homes has risen to 4,643 by end of February from 3,854, the figure at the end of January. This, coupled with the a highly affordable low interest rate is allowing more and more first time home buyer to try their hand and luck in Calgary real estate.
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