Calgary continues to experience a severe shortage of inventory. There is only a 54-day supply of single family homes on the market. Last year, we had a 90-day supply. Despite the shortage of listings, it was the second-best August ever for sales. More detailed statistics can be seen at Monthly stats updates
Bidding wars are also continuing with 14% of homes selling for list price or higher during the last 3 days of the month.
Bob's real estate blog 
More Calgary bashing, courtesy Garth Turner:
“#107 calgaryPhantom on 09.03.13 at 4:33 pm
Another booming month for Calgary. With such a rate of increase, prices here will soon be equal to Vancouver and Toronto.
http://www.calgaryherald.com/business/real-estate/Calgary+housing+market+booms+August/8862396/story.html
And we all read the same headlines in the Vancouver Sun three years ago. — Garth”