Calgary home prices trended up for the fourth consecutive month in May, but remain below peak 2014 highs.
“The economic climate is supporting detached housing market recovery,” said Calgary Real Estate and District Board chief economist Ann-Marie Lurie.
Detached benchmark prices reached $509,000 in May for detached houses, virtually unchanged from a year earlier.
Condo and townhouse prices tracked down 2 per cent on the year.
Against this backdrop, the number of new listings rose to 3,866 units in May, which is 17 per cent higher than last year’s total for the month.
“There are lots of housing choices in every segment of the market.”