Calgary’s real estate market has shown a slow but positive recovery in many areas in 2017. The latest stats from CREB (Calgary Real Estate Board) show that the number of transactions have increased year over year by 9%. July activity was off, but any given month can be up or down, depending on factors such as government announcements, inventory, and most definitely in Calgary, the weather, which we know was perfect in July this year (except for that rainout at the Stampede).As CREB President David P. Brown points out, patience is still key in this market. The current CIR REALTY stats show that the year-to-date median price of single family homes is $492,250, which is 6.43% higher than last year at this point. The weakest part of the market, and the one that is dragging down the overall...

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