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Home prices expected to climb in spring real estate season

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Tight supply of homes for sale along with a market with an appetite to buy could push home prices upward.

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Calgary’s resale real estate market, already marked by high buyer demand amid dwindling supply, is likely to get a lot hotter now that the busy spring season has arrived.

Traditionally, the busiest time of the year for real estate, the spring market began March 1 and will end June 30. And it could very well be among the busiest in Calgary’s history given already strong demand in January and February in the face of very low supply, realtors note.

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