Oct 18, 2011, House prices, sales rise in September

Calgary home prices rose along with sales in September, according to the Canadian Real Estate Association.

CREA said Monday that MLS residential sales in Calgary reached 1,789 units in September, up 11 per cent from a year earlier. The average sale price rose by 1.3 per cent to $406,252 for the same period.

Sales in Alberta rose by 10 per cent to 4,316 units with the average price up three per cent to $359,637.

Nationally, MLS sales of 37,760 were up 11 per cent from September 2010, with the average price up 6.5 per cent to $352,581.

“Canada’s housing market remains stable amid continuing financial market volatility, contributing to Canadians’ confidence in the economy and providing support for Canadian economic growth,” said Gregory Klump, CREA’s chief economist, in a statement.

The Calgary Real Estate Board said the average MLS sale price for a single-family home in October to date is $460,680.

BY MARIO TONEGUZZI, CALGARY HERALD