I just read a interesting artical in the Finanicial Post. It listed the top 20 most expensive housing market in North America. Calgary made it on the on the list at #6, just above New York City which has an average home price of $400,000 US.
From my personal experience as a Calgary Realtor I've found the market to be a sellers market due to low inventory levels. Prices continue to increase due to low interest rates and high demand.
Interested in reading more, view the full article on The Financial Post website here: