Calgary's Resale Condominium Market Grows by Double Digits over Feb 2012

The Calgary condo market is in recovery mode with a double digit price increase from Feb 2012.  Apartment style condos experienced a growth of 13% while townhouse condo sales grew by almost 9%.  Benchmark prices are still 14% below peak levels.

The benchmark price for single family homes was $442,500 in February 2013, a 9% increase over the same time last year.  A factor here is the fact that active listings are in shorter supply, down 22% from February 2012.  

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