“Calgary’s housing market has clearly turned a corner,” says Board President. “We expect there to be a few bumps on this road to recovery but we believe the worst is over. Home prices have held firm and edged upwards in some markets over the past months. This has helped buoy up the confidence of both buyers and sellers.”

Single-family new listings added for the month of October declined by 2% from September and were 22% fewer than new listings last October. Condominium units coming to market declined by 9% compared to September numbers this year and were 20% fewer than condo listings last year at this same time.

The median price of a single-family Calgary home was $410,000, showing a 3% increase over September and 5% higher than last October. The median sale price for condominiums registered at $263,900, down 1% from the month before and 2% below last October’s median.