December 2010

Found 2 blog entries for December 2010.

Residents and Calgary and Edmonton have a bit of a reason to celebrate this holiday season, as these two cities witnessed the largest monthly decreases in consumer prices last month. Per reporting agency Statistics Canada, these markets experienced decreases amounting to 0.2 percent versus October. Alberta was the sole province that witnessed this type of decline. Consumer prices in the whole of Canada increased by 0.1 percent over October.

ATB Financial economist Dan Sumner said that the slight Consumer Price Index decrease is mostly attributable to lower prices for energy commodities such as gasoline, natural gas and electricity. He advised that there is a concern about an onset of deflation, people should not be overly concerned, as the energy price

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Prices for homes in the Calgary area are expected to increase in a range between five and seven percent, per the Conference Board of Canada. According to the CBC’s Metro Resale Index, which was released December 20, average price for a home selling in the city this past November was $397,239. This represents a one-percent increase versus October. When adjusted for seasonality, November MLS sales saw a hike of 8.6 percent over the previous month to a total of 21,017 units.

Christina Hagerty, a realtor with Calgary’s Re/Max Realty Professionals, advised that in the early months of 2010, experts predicted an effect from the large number of first-time homebuyers in the market. Sales were extraordinarily strong for homes in the range between $400,000 and…
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