Calgary Home Sales: Calgary

Calgary: The study by BMO Economics found Calgary has the strongest major housing market thanks in part to a move west by immigrants and young Canadians, drawn by better job prospects, faster wage growth and healthier housing affordability than Vancouver and Toronto, according to CTV. In the three months to October, Calgary home sales have run 23 per cent above year-ago levels, nearly twice the national rate, although some slowing is likely in November and TORONTO, Ontario -- Even though the housing market is showing renewed strength overall, there are underlying differences in valuations and outlooks among Canada's four major cities, according to a new report by the Bank of Montreal. "Strong economic and population growth will encourage an upward trend in Calgary's house prices, though higher borrowing costs will moderate the gains," said Sal Guatieri, senior economist with the Bank of Montreal. (www.immigrantscanada.com). As reported in the news.