Tuesday, April 11, 2006

First Quarter Real Estate Numbers Are Out For Canada's Major Centers

First quarter real estate numbers are out for Canada's major centers, and all across Canada there have been modest rises in home prices. There are however a few centers that have seen fantastic growth in the last year with 20 to 30 percent gains in home value. Calgary and Edmonton have seen incredible growth with Winnipeg and Vancouver not far behind. These drastic rises in price can been attributed to hot job markets and the high price of oil.

The incredible surge in Calgary's real estate market has brought commission free and For Sale By Owner sales in the city significantly higher. An estimated 15% of home sales are processed privately, making a significant impact on the industry. Comfree is the largest commission free real estate company in Canada and is leading the way in Calgary.

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