CALGARY HOUSING MARKET SURGING

One year ago, the downturn in the Calgary residential real estate market was beginning to take hold on the heels of a global financial market meltdown (Calgary Herald).

But just two weeks into November, preliminary housing sale numbers indicate how dramatically the market has turned since then.

Sales in November of this year will eclipse those for November 2008. And at this pace, average sale prices will also be up from a year ago.