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Calgary
Real Estate Market News January 2002
Record
Year !
With
the close of business for 2001 Calgary MLS sets record year.
Total
residential sales through our board numbered 22,512 units in 2001,
up 4.4% from our previous record of 21,559 set in 1997.
Of the above total 17,413 were single family homes; 4,896 were
condominiums; and 203 were mobile homes.
The
average list price to sale price was 97.6%, an indication of a
sellers market and a very good one indeed.
The
strong economic future for Calgary, fueled by the lowest mortgage
rates now in 41 years, all are contributing to a very positive
market for 2002.
How
low are the mortgage rates?
So low that most conversion tables don't go that low!
Our
best rates effective January 16, 2002:
| One
Year Closed |
3.60% |
| Two
Year Closed |
4.30% |
| Three
Year Closed |
4.75% |
| Four
Year Closed |
5.55% |
| Five
Year Closed |
5.65% |
Prime rate 3.75%,
best variable rate prime - 50%
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