Taken from the CTV News site
"It's almost hard to believe, but Calgary's housing market is now even hotter. It's great if you already own a home, because prices are still going up. The average sale price of a single family home in Calgary hit $342,000 last month, up 29 per cent over last year. The price of condos is also way up. In February, the average price was $217,000, up 22 per cent from the same time last year. The skyrocketing prices are making it hard for first time buyers to afford a place. Ironically, the hot market is also making it tough for realtors. There are approximately 5,000 agents in the city, clamoring for between 1,500 and 2,000 listings."
All I can say is . . . wow and darn. I'm moving into the highest real estate market in all of Canada (Greater Vancouver Area), click here for their real estate market stats. I also found a great blog - the Vancouver Housing Blog - that offers good, thorough market insight into the Vancouver real estate bubble.
A side note on this real estate boom - healthy province (thank you Uncle Ralph), healthy city (thank you 25,000 people moving into Cow-town a year), healthy economy (naturally a money maker . . . I also know that gas and oil won't last forever). Calgary has all the right ingredients for a healthy real estate market at this time - it makes good sense for it to boom. But what's up with Vancouver? Is it truly a developer's paradise? What gives in Van-city?