A new report from the Canadian Real Estate Association revealed that Calgary’s real estate market had the highest annual sales growth among the major markets in Canada in August 2012.

In August, Calgary’s MLS sales went up 15.3 per cent year-over-year, reaching 2,198. The number really standout when compared to national sales activity, which dipped by 8.9 per cent year-over-year.

The average MLS sales price in Calgary went up 1.5 per cent to $400,277.

Speaking about the national average CREA president Wayne Moen said, “While we always caution that housing market trends at the national level can and do run counter to trends in many local markets, the decline in activity in August was definitely the result of much of the country moving in the same direction.

However, he went on to point out that, “As always, all real estate is local, so buyers and sellers should speak to their REALTOR® to understand how the housing market is shaping up where they live.”

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