The conference board of Canada says Calgary’s resale housing market can expect short-term year over year price growth at between five and seven per cent.
The board, in releasing its monthly Metro Resale Index today, said Calgary is in a balanced housing market.
The average MLS sale price in the city in October, combining all residential properties, was $392,733.
That was down from $399,101 in September and from $399,550 in October 2009.
The board listed Edmonton, Saskatoon, Gatineau, Montreal, Quebec, Sherbrooke, Trois-Rivieres and Saguenay in a category with short-term price growth expectations of seven per cent or more compared with a year ago.
Joining Calgary in the five to seven per cent range were Victoria, Vancouver, the Fraser Valley, Regina, Winnipeg, Halifax, and Newfoundland.
In the three to five per cent category were Sudbury, Hamilton, St. Catharines, Kitchener, Kingston, Ottawa and Saint John.
And in the zero to three per cent range were Thunder Bay, Toronto, Oshawa, London and Windsor.
None of the 28 Canadian markets surveyed were listed as having price declines in the short-term.