Calgary home prices have grown eight to nine per cent from a year ago, according to a report by TD Economics, allowing Calgary to maintain its title as one of Canada's strongest real estate markets.
Regina and Winnipeg home prices also grew at the same rate, while prices increased at a lower three to five per cent rate in other parts of Canada. Calgary was recently dubbed "a lone shining star" by TD Economics, as it was the only city to report positive sales growth in 2012 in Canada.
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The largest spike in average prices in the past 12 years was in areas surrounding and within downtown, the Calgary Sun reports.
Ranging from $1 million to almost $8 million, some of the city's most expensive apartments can be found in downtown neighbourhoods including Eau Claire and Connaught.
Take a look at some of the ultra-pricey apartments for sale in Calgary. Are they worth their price tags?