Calgary was the only major Canadian real estate market to close off 2012 with significant gains from 2011 baselines, statistical data released Tuesday show.

National housing numbers showed a 17.4 per cent drop in Canadian real estate sales on Dec. 2012, compared to the number of sales that took place during Dec. 2011, with Calgary being the only major market bucking the trend, the Canadian Real Estate Association found.

"Four of every five local markets posted year-over-year declines in sales activity in December," the report states.

"Calgary remained a notable exception, with activity there having risen seven per cent year-over-year."

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SEE: Average Price Houses In Calgary

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  • Valley Ridge: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1574.77 square feet Storeys : 2 Highlight: Overlooks a golf course and river valley. Source: Realtor.ca

  • Valley Ridge: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1574.77 square feet Storeys : 2 Highlight: Overlooks a golf course and river valley. Source: Realtor.ca

  • Valley Ridge: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1574.77 square feet Storeys : 2 Highlight: Overlooks a golf course and river valley. Source: Realtor.ca

  • Valley Ridge: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1574.77 square feet Storeys : 2 Highlight: Overlooks a golf course and river valley. Source: Realtor.ca

  • Connaught: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1020.43 square feet Storeys : 1 Highlight: Nine feet ceilings, building amenities include a 5000 square feet courtyard, gym, steam rooms and an entertainment lounge. Source:Realtor.ca

  • Connaught: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1020.43 square feet Storeys : 1 Highlight: Nine feet ceilings, building amenities include a 5000 square feet courtyard, gym, steam rooms and an entertainment lounge. Source:Realtor.ca

  • Connaught: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1020.43 square feet Storeys : 1 Highlight: Nine feet ceilings, building amenities include a 5000 square feet courtyard, gym, steam rooms and an entertainment lounge. Source:Realtor.ca

  • Connaught: $425,000

    Building Type : Apartment Bedrooms : 2 Floor Space : 1020.43 square feet Storeys : 1 Highlight: Nine feet ceilings, building amenities include a 5000 square feet courtyard, gym, steam rooms and an entertainment lounge. Source:Realtor.ca

  • Spruce Cliff: $427,869

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 985.98 square feet Storeys : 1 Highlight: Spacious house with two large bedrooms, that each have their own bath. Source: Realtor.ca

  • Spruce Cliff: $427,869

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 985.98 square feet Storeys : 1 Highlight: Spacious house with two large bedrooms, that each have their own bath. Source: Realtor.ca

  • Spruce Cliff: $427,869

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 985.98 square feet Storeys : 1 Highlight: Spacious house with two large bedrooms, that each have their own bath. Source: Realtor.ca

  • Victoria Park: $429,900

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 1001.05 square feet Storeys : 1 Highlight: An apartment on the 20th floor that boasts incredible views. Source:Realtor.ca

  • Victoria Park: $429,900

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 1001.05 square feet Storeys : 1 Highlight: An apartment on the 20th floor that boasts incredible views. Source:Realtor.ca

  • Victoria Park: $429,900

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 1001.05 square feet Storeys : 1 Highlight: An apartment on the 20th floor that boasts incredible views. Source:Realtor.ca

  • Victoria Park: $429,900

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 1001.05 square feet Storeys : 1 Highlight: An apartment on the 20th floor that boasts incredible views. Source:Realtor.ca

  • Victoria Park: $430,000

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 979.52 square feet Storeys : 1 Highlight: The property listing states the condo has the best mountain and downtown views. Source: Realtor.ca

  • Victoria Park: $430,000

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 979.52 square feet Storeys : 1 Highlight: The property listing states the condo has the best mountain and downtown views. Source: Realtor.ca

  • Victoria Park: $430,000

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 979.52 square feet Storeys : 1 Highlight: The property listing states the condo has the best mountain and downtown views. Source: Realtor.ca

  • Victoria Park: $430,000

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 979.52 square feet Storeys : 1 Highlight: The property listing states the condo has the best mountain and downtown views. Source: Realtor.ca

  • Downtown East Village: $434,605

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 847.13 square feet Storeys : 1 Highlight: Property right in the middle of downtown and has views of the Bow River. Source: Realtor.ca

  • Downtown East Village: $434,605

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 847.13 square feet Storeys : 1 Highlight: Property right in the middle of downtown and has views of the Bow River. Source: Realtor.ca

  • Downtown East Village: $434,605

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 847.13 square feet Storeys : 1 Highlight: Property right in the middle of downtown and has views of the Bow River. Source: Realtor.ca

  • Downtown East Village: $434,605

    Building Type : Apartment Bedrooms : 2 + 0 Floor Space : 847.13 square feet Storeys : 1 Highlight: Property right in the middle of downtown and has views of the Bow River. Source: Realtor.ca

  • Evanston: $429,000

    Building Type : House Bedrooms : 3 Floor Space : 1716.86 square feet Storeys : 2 Highlight: Home has many upgrades and a spacious living space. Source: Realtor.ca

  • Evanston: $429,000

    Building Type : House Bedrooms : 3 Floor Space : 1716.86 square feet Storeys : 2 Highlight: Home has many upgrades and a spacious living space. Source: Realtor.ca

  • Evanston: $429,000

    Building Type : House Bedrooms : 3 Floor Space : 1716.86 square feet Storeys : 2 Highlight: Home has many upgrades and a spacious living space. Source: Realtor.ca

  • Evanston: $429,000

    Building Type : House Bedrooms : 3 Floor Space : 1716.86 square feet Storeys : 2 Highlight: Home has many upgrades and a spacious living space. Source: Realtor.ca

  • Whitehorn: $429,000

    Building Type : House Bedrooms : 5 + 1 Floor Space : 1779.94 square feet Storeys : 1 Highlight: Fully developed basement, drive way that can park an RV or four cards and a raised patio. Source: Realtor.ca

  • Whitehorn: $429,000

    Building Type : House Bedrooms : 5 + 1 Floor Space : 1779.94 square feet Storeys : 1 Highlight: Fully developed basement, drive way that can park an RV or four cards and a raised patio. Source: Realtor.ca

  • Whitehorn: $429,000

    Building Type : House Bedrooms : 5 + 1 Floor Space : 1779.94 square feet Storeys : 1 Highlight: Fully developed basement, drive way that can park an RV or four cards and a raised patio. Source: Realtor.ca

  • Whitehorn: $429,000

    Building Type : House Bedrooms : 5 + 1 Floor Space : 1779.94 square feet Storeys : 1 Highlight: Fully developed basement, drive way that can park an RV or four cards and a raised patio. Source: Realtor.ca

  • Kincora: $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1743.77 square feet Storeys : 2 Highlight: Across the street from a park, close to a shopping center and the bonus room has nine feet high ceilings. Source: Realtor.ca

  • Kincora: $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1743.77 square feet Storeys : 2 Highlight: Across the street from a park, close to a shopping center and the bonus room has nine feet high ceilings. Source: Realtor.ca

  • Kincora: $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1743.77 square feet Storeys : 2 Highlight: Across the street from a park, close to a shopping center and the bonus room has nine feet high ceilings. Source: Realtor.ca

  • Kincora: $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1743.77 square feet Storeys : 2 Highlight: Across the street from a park, close to a shopping center and the bonus room has nine feet high ceilings. Source: Realtor.ca

  • Auburn Bay, $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1669.5 square feet Storeys : 2 Highlight: This house has a 'fierce' Jacuzzi hot tub, concrete patio and many upgrades. Source: Realtor.ca

  • Auburn Bay, $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1669.5 square feet Storeys : 2 Highlight: This house has a 'fierce' Jacuzzi hot tub, concrete patio and many upgrades. Source: Realtor.ca

  • Auburn Bay, $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1669.5 square feet Storeys : 2 Highlight: This house has a 'fierce' Jacuzzi hot tub, concrete patio and many upgrades. Source: Realtor.ca

  • Auburn Bay, $429,900

    Building Type : House Bedrooms : 3 + 0 Floor Space : 1669.5 square feet Storeys : 2 Highlight: This house has a 'fierce' Jacuzzi hot tub, concrete patio and many upgrades. Source: Realtor.ca

NOVEMBER TO DECEMBER MONTH-OVER-MONTH NUMBERS

CANADIAN REAL ESTATE MARKET DRASTICALLY OVER-VALUED

Nationally, real estate markets have been tampered by mortgage rule changes implemented last year, CREA President Wayne Moen said.

“National sales activity continues to hold fairly steady at lower levels since mortgage rules were changed earlier in 2012, but there are still some real differences in trends between and within local housing markets,” he said.

A total of 453,372 homes were over Canadian MLS® Systems in 2012, which was down 1.1 per cent from 2011 numbers, and 1.4 per cent below the 10-year average (2002 through 2011), the report states.

Calgary also led the way in Home Price Index (HPI) year-over-year growth. The Alberta juggernaut posted a 7.4 per cent price growth from 2011, followed by Greater Montreal, which saw a 3.3 per cent increase from the previous year.

Nationally, the HPI grew by 1.6 per cent year-over-year, with the actual (not seasonally adjusted) national average price for homes sold in December 2012 pegged at just under $352,800.