Tight Market Gets Home Prices Higher


A tighter market for resale homes led to faster sales as prices set new all-time highs in March, reported by Calgary Real Estate Board.

In Calgary, average housing unit prices including condos and townhouses were up nine per cent to $460,800 from $422,400 in March 2012. That’s more expensive than the record $457,100 in February, which upset the past high mark of $452,600 set in July 2007.

Single-family homes sold in the city averaged $518,400, up by nearly 10 per cent over March 2012, while condos were up nearly 11 per cent at $300,900 and townhouses were up 13.5 per cent at $355,500.

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