_News Talk 770
Home buyers are looking outside Calgary for more choice and consumer options.
The Calgary Real Estate Board says towns surrounding the city have seen a 30 per cent increase in sales activity over the past year. Home sales within the city of Calgary rose just 7 per cent in that same time.CREB says new listings in the towns have increased by more than 26-hundred, a 14 per cent jump from 12 months ago. The increase is mainly due to price.
CREB President Bob Jablonski says the benchmark price in Calgary last month was 50-thousand dollars higher than the overall surrounding towns. Aidrie and Cochrane saw some of the biggest jumps in home sales at 44 and 27 per cent respectively.Sales in Okotoks dropped 17 per cent over the past year.