Calgary Real Estate
Calgary MLS News January 2002
 

 

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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Calgary Real Estate Services - Last Updated 01/16/2010
Calgary, Alberta, Canada