Aug 4, 2014 – News Today

Hot housing market expected to cool slightly in second half of 2014

CALGARY – The city’s red hot resale housing market this year has “far exceeded” expectations but the real estate boom will likely cool down slightly in the second half of 2014, according to a report released Wednesday by the Calgary Real Estate Board. In its mid-year update, the board said price growth for the typical home in Calgary in 2014 is expected to increase by eight per cent on an annual basis due to strong gains in the first half of the year while overall MLS sales will end up 5.5 per cent higher than last year. Read More