Calgary’s housing market balanced

By Mario Toneguzzi, Calgary Herald

CALGARY — The Conference Board of Canada says Calgary’s housing market is currently under balanced conditions.  In a report released Monday, the board said the seasonally-adjusted annual rate of resales in Calgary was 22,308 units in September, up from 20,040 units in September 2010.

The annualized rate for new listings during the month was 44,712, up from 44,076 a year ago.  The conference board said the sales-to-new listings ratio increased to 0.464 from 0.426 last year.  House prices, though, took a slight dip in September falling to $409,831 from $410,241 in September 2010.

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