While the average house price in Calgary has now passed the market’s peak of activity in 2007, that number was boosted by many multi-million-dollar sales that raised the average, says Walters.
However, the benchmark price — that of a typical home based on a formula that uses various factors to ensure accurate comparisons — shows the recovery is more localized to different parts of the city, not all of Calgary, she says.
http://www.househunting.ca/calgary/real-estate/Upside+down+world+CREB+head+start/8167561/story.html
