The number of home resales in Calgary in December will easily trump the same month last year, but is unlikely to beat the pace set in December 2007, preliminary statistics indicate.

But month-to-date numbers through Wednesday show the Calgary area’s resale price recovery continues, with the average single-family home selling for $451,443 in December, an increase of eight per cent, or $34,000, over December 2008 and a slight improvement of about $6,000 over $444,769 in December 2007.

Read the full article by Dan Healing, “Calgary housing recovery gains traction” in the Calgary Herald (Jan 1, 2009).

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