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Equity Capital Newsletter


Calgary's Housing Recovery Has Staying Power    Dec 1 2009


The Calgary housing market is showing signs of a sustained recovery according to figures released today by the Calgary Real Estate Board.


The number of single family homes sold in November 2009 in Calgary were up 63% from the same time last year, while condominium sales saw an even steeper increase- up 77% from the same time a year ago.


The average price of a single family home in Calgary in November 2009 was $464,444 showing no significant change from October 2009. but an increase of 7% from November 2008.


The average price of a condominium in Calgary was $294,264 a 2% increase from October 2009, and a 3% increase from October last year.



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