Home prices in Calgary and Edmonton remained fairly stable in April compared to a year ago, according to data released on Tuesday by the Canadian Real Estate Association.
The association said Calgary’s MLS benchmark price – which looks at the price of a typical property sold in the market – was $430,700 in April, up by 0.1 per cent from a year ago. Edmonton’s price dropped 0.93 per cent to $334,400.
Charting the real estate market in Alberta over time can give a good indication of how the overall economy impacts the market.
According to CREA, Calgary’s price was down 4.2 per cent from three years ago but up 8.25 per cent from five years ago.
For Edmonton, the benchmark price decreased 4.25 per cent from three years ago but increased by 4.19 per cent from five years ago.
Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.
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