
This article was last updated on April 16, 2022
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The Canadian Real Estate Association released its MLS Home Price Index on Wednesday, which was yet another indication showing that Calgary’s housing market is showing the best year-over-year price growth in the country. The report showed that Calgary’s house market increased by 8.74 per cent in December from a year ago, whereas on the other hand, the aggregate across the country only increased by 4.31 per cent.
Meanwhile, another CREA report released on Tuesday, i.e. Teranet-National Bank National Composite House Price Index, also showed that Calgary led the nation with a 6.5 per cent hike in prices for repeat home sales. The report alleged that Calgary MLS sales increased by nine per cent in December from last year to 1,464 transactions while the average sale price rose by 4.7 per cent to $439,389. On the other hand, MLS sales during the time in Canada increased by 12.9 per cent to 23,215 units and the average sale price jumped by 10.4 per cent to $389,119.
Meanwhile, sales in Alberta increased up to 3,135 by 9.8 per cent from a year ago and the average sale price rose by 4.7 per cent to $380,477. On an annual basis, the number of sales and percentage increases were: Calgary, 29,954, 12.5 per cent; Alberta, 66,080, 9.5 per cent; and Canada, 457,893, 0.8 per cent. On the other hand, the average sale price and percentage increased on annual basis in following manner: Calgary, $437,036, 6.0 per cent; Alberta, $380,969, 4.9 per cent; and Canada, $382,466, 5.2 per cent.
I wouldn’t purchase a house in this country if prices were 1/10 the asking price !!!! Canada is the biggest rip-off shxxhole in the world !!!!!! Thanks harper you effing P I G !!!!!!!!!!!!!!!!!!!!!