Property values may still be levelling off in some major Canadian cities, but Calgary appears to have weathered the storm and bounced back.
That fact is reflected in the city's 2013 assessment role, which shows about a $10,000 increase in the median residential assessment for a single-family home to $410,000, up from about $400,000 in 2011. Condo values were up a similar amount, according to Calgary officials. The valuations reflect market value at the halfway point of 2011.
The Calgary Real Estate Board's stats suggest an increase of just over 6.3 per cent in the average single-family home selling price (median value) from December 2011 to December 2012, with the new standard at $420,000.
from Western Investor February 2013
