Two areas in Calgary are seeing HUGE jumps in house prices

Calgary's real estate market is facing challenges with rising costs, particularly in east Calgary, which experienced an 11.5% year-over-year price increase, reaching a benchmark of $434,600. Northeast Calgary followed with a 7.8% increase to $519,900. The city center saw the smallest rise at 1.1%, with prices at $599,500. The average residential benchmark price in Calgary is up 4% to $592,500. While housing sales remain stable, the inventory is skewed towards higher-priced homes, limiting options for lower-priced buyers.