When it comes to home price growth these days, Calgary is leading the pack.
According to the Canadian Real Estate Association’s MLS Home Price Index, released Thursday, prices in Calgary in April grew by a nation-leading 9.52 per cent from last year.
The survey of 11 major centres said prices were up by 5.02 per cent across the country.
The index also showed that Calgary prices have spiked by 21.83 per cent over the last three years, which is also the highest rate of growth in the country. Nationally, prices have gone up by 12.19 per cent over that period of time.
Calgary could see the potential of a real strong spike in value increases over the next six months - more than what we have witnessed in the previous six months - unless a whole new wave of available, quality supply hits the market.