The median price hit an all-time high for Calgary at $450,000 which obliterates the previous high of $439,000 set back in Jun 2007.
There’s an overwhelming demand for homes priced under $500,000 with only a 36-day supply of homes on the market. Last year in this price range, there was a 51-day supply.
Read more here Monthly stats update
Does the phenomenon of recency distort our views? How far back should you examine the numbers when considering housing data? From the Globe and Mail: Housing bears need to relax and take the long view.