The short-term expectation for year-over-year MLS price growth for the existing home market in Calgary is one of the highest in Canada, according to a report released Monday by the Conference Board of Canada.

The board said Calgary housing prices in the short-term can expect to see annual growth in the range of five to 6.9 per cent as the city is in a seller’s market at this time.

The report said the seasonally-adjusted annual rate of sales in the city in February was 29,844, up 6.6 per cent from January and 13.7 per cent year-over-year.

However, listings of 39,564 are down 3.8 per cent both on an annual and a monthly basis.

The price in February was up to $455,785, representing a 5.8 per cent hike from a year ago and a 1.4 per cent increase from the previous month.

 

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