The small city of Airdrie north of Calgary has beaten its previous annual record for MLS home sales.
According to realtor Mike Fotiou there have been 1,354 sales this year to the end of September, which is more than the record set in 2007 of 1,327. In the whole of last year there were 1,321 MLS sales.
Monthly sales for September were also record breaking with 140 transactions; 26.13 per cent higher than the same month last year.
The average sale price was up 8.67 per cent on a year ago at $393,209. Prices that are almost $100,000 lower than the Calgary average makes Airdrie highly attractive to commuters; although there are a growing number of businesses in the city.
If growth continues in Airdrie at the current rate, the city would appear a worthwhile consideration for investors too.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: