What's Happening in Calgary, AB…

The Conference Board of Canada (CBC) has recently released some real estate data for the month of December.

The report shows that the market has become more balanced, with the sales rising 5.1 per cent from what they were in November. This compares to the period from October to November, when they dropped by 1.5 per cent.

The average price for a home in Calgary dropped by 0.4 percent in December. According to the report, these numbers are far better than they were for 2013.

The Calgary Real Estate Board, or CREB, also released its numbers for the month. According to the Multiple Listing Service, sales in the city rose by 2.78 per cent, with new listings rising by 42.75 per cent and active listings rising by 33.86 per cent. According to the Conference Board, analysts expect the average sale price for a home to increase by between 3 to 4.9 per cent

Dan Campbell, who is with the Real Estate Investment Network, feels the reasons behind this are that there have been more people moving into the city, resulting in a lower rental vacancy rate. This tends to encourage people to buy a home of their own earlier than they may have otherwise.

These numbers can have a beneficial effect for many other businesses besides real estate. Brochure printers may be called upon more often to produce items like full color promotional items, showing the properties for sale and other areas of interest to potential buyers.