Demand for detached housing continues to rise
Calgary June 1, 2017 - Fueled by the detached sector, Calgary home prices trended up for the fourth consecutive month, but remain below 2014 highs.
"The economic climate is supporting detached housing market recovery," said CREB® chief economist Ann-Marie Lurie.
"Improved demand and easing supply has created more balanced conditions and ultimately some modest price gains. While it will still take some time for prices to recover, the transition in the detached segment is an important first step to stabilization across all segments of the housing market."
For the first time since June 2015, prices in the detached sector did not decline on a year-over-year basis. Unadjusted detached benchmark…