Canada Mortgage and Housing Corp. forecasts the average MLS price in 2013 to be between $356,500 and $378,500 and between $363,800 and $390,800 in 2014.
It says employment and economic growth will likely gain momentum later this year and in 2014, pushing housing starts slightly higher next year.
With an abundance of mountain views and luxury amenities, mansions for sale in rural southern Alberta far exceed CMHC's average price forecast and are unlikely to be a first home.
Located in Rural Rocky View County, these homes are anything but average, and neither is their price tag.
Ranging from 1.5 million to over 3 million, these homes provide a country escape, complete with spacious rooms, wine cellars and mountain and valley views.
Here's a look at luxury in southern Alberta's rural homes:
With files from CP