While Canadian home sales dipped in January, specially in major centers like Toronto and Vancouver, Calgary’s housing market remained strong and posted the best year-over-year growth in the country for MLS transactions.
The Canadian Real Estate Association reported Friday that Calgary MLS sales during the month were 1,572, up 20.2% from January 2012 while sales across the nation were down by 5.2% to 23,579 transactions.
The average sale price in Calgary rose by 9.5 per cent to $418,938 while in Canada it was up 2.0 per cent to $354,754.
Alberta had the best sales growth of any province in Canada in January with MLS transactions 12.1% higher than last year at 3,486. The average sale price also grew by 5.5 percent to $361,524.
And Calgary’s housing market is showing no signs of slowing down in February. Month-to-date from February 1-14, total MLS sales in the city of 847 are 11.01 per cent higher than for the same period last year and the average sale price has increased by 8.33 per cent to $455,386, reported by Calgary Real Estate Board.
Calgary’s housing market has experienced the profit of an overall healthy economy in the past year.