[burn_this_city]

Originally Posted by troutman

Calgary house prices to inch toward $500,000

Real estate board predicts 5% gain in 'normal' market

http://www.canada.com/calgaryherald/...b-419390655464

In its 2008 forecast Wednesday, real estate board president Ed Jensen said the MLS average will increase by five per cent this year to $495,800 while condominium prices will rise by six per cent to an average of $335,300.

Total sales will dip by five per cent for both the condo and single-family markets, to 7,700 and 17,500 respectively, compared with 2007.

They also forecasted a 30% price increase last year.. Didnt happen if I remember correctly..