Fewer houses for sale and greater demand are pushing single-family resale housing prices up to near historical averages, says the Calgary Real Estate Board.
The average price rose to $518,392 in March, up 9.6 per cent from $472,698 during the same month last year.
This is within a hair of the new record of $518,500 for the average resale price for single-family homes logged in February, which beat the old high mark of $506,700 set in July 2007.
http://www.househunting.ca/calgary/real-estate/Resale+home+prices+rise+near+record/8197773/story.html
