Home prices rise in communities near Calgary

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Benchmark prices climbed modestly, amid mostly fast-rising year-over-year supply, in most of Calgary’s surrounding communities with one standout for growth.

Calgary Real Estate Board’s February report found Canmore led all municipalities with a 13 per cent increase year over year with its benchmark price reaching about $1.07 million. That’s despite sales falling about 26 per cent and inventory rising about 10 per cent.



Cochrane saw the next highest benchmark price increase at about five per cent to $577,100. Sales there increased about 15 per cent year over year while inventory jumped about 47 per cent. Strathmore’s benchmark price grew 4.

5 per cent to $430,400, despite sales falling almost 58 per cent and its supply jumping about 243 per cent to more than four months. Higher River’s benchmark price was up 3.5 per cent to $487,700 amid falling year-over-year sales, down 24 per cent.

Its supply also increased 17 per cent to nearly 1.7 months — which suggests it remains a tight market for buyers. Airdrie saw its benchmark price eke out a year-over-year gain of 1.

6 per cent to $537,600. Sales there fell nearly nine per cent, year over year, while inventory increased about 114 per cent. Chestermere’s benchmark gained about one per cent to $697,300.

Sales fell about 10 per cent with inventory up nearly 123 per cent year over year. Okotoks experienced the least percentage price growth in the region in February. Its benchmark grew a little less than one per cent to $616,900.

Sales in the bedroom community were off about four per cent from February last year, while inventory grew about 19 per cent..