While property and business taxes continue to new a hot button issue this season, the debate hasn’t slowed down construction around Calgary. There are a number of new and developing residential districts in both the northern and southern areas of the city that include supporting commercial amenities. At the same time, the new Green Line or LRT extension is also moving forward which will service most of southeast Calgary.
The median home price for single family detached dwellings is $482,000, a slight decrease from listings of $490,000 a year ago. Month-over-month, the number of homes sold has also decreased slightly, from 1018 to 919 sales last month. The average number of days on market for single family detached dwellings is 42, compared to 38 days two months prior.