House prices for Calgary’s resale market are expected to rise the most in the short-term, according to the Conference Board of Canada.

In a report released Thursday, the board forecast short-term year-over-year prices to increase by seven per cent or more in Calgary — the best in the country.

The board said the seasonally-adjusted annual rate of MLS sales in Calgary for September was 31,896, up 15.1 per cent from last year while listings of 42,696 have increased by 2.9 per cent.

The average price of $436,776 is up 8.7 per cent from a year ago.

The board’s report classified Calgary as a sellers’ market.

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