Calgary Housing Market Remains Hot

Calgary’s sizzling resale housing market is showing no signs of cooling as the city recorded the highest year-over-year hike in prices across the country in January - and early indications show February is experiencing a continued escalation in what it costs to buy a home.

The Canadian Real Estate Association released its monthly MLS data on Friday and listed Calgary as the top center in the country for annual growth in the MLS Home Price Index at 8.98 per cent. Nationally, prices, in the 11 centres surveyed, up by 4.83 per cent.

A realtor with RE/MAX said the city’s housing market has started 2014 with a bang. The market has not slowed down at all from the healthy pace it set in 2013.

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