Home prices improve in Calgary

Posted Jan 10, 2018 7:15 am MST

Calgary home prices continued to recover in the final quarter of 2017.

According to the Royal LePage House Price Survey, the aggregate value of a home increased 4.4 per cent year-over-year to just over $479,000.

Royal LePage Benchmark Owner Corinne Lyall said stricter mortgage rules coming down the pipe likely had a roll to play, but so did economic factors.

“I think part of it had to do with consumer confidence in general,” she said. “I think that there’s definitely been some improvement in the economy and I think people are taking notice of that and eventually wanting to jump in.”

Bungalows led the charge in value increases, while condo prices continued to slide with the aggregate value dipping below $300,000.