Calgary resale housing market seeing price growth

One of few in Canada with more than 7% hike

By Mario Toneguzzi, Calgary Herald March 28, 2013

CALGARY — Calgary is one of only a handful of markets across Canada that has seen seven per cent and more year-over-year price growth for residential real estate, according to the Conference Board of Canada.

In a resale housing survey of markets across the country for February, released Thursday, the board said the city, along with Regina, Saskatoon, Thunder Bay, Halifax and Newfoundland, experienced year-over-year price growth of seven per cent or more for the latest three months.

On a seasonally-adjusted annual rate, sales in Calgary of 25,416 are up 2.0 per cent in February from last year while listings have dropped by 5.1 per cent to 40,308.

The average sale price in Calgary was $438,412, up 6.1 per cent from February 2012.