Calgary is ranked the ninth most expensive housing market in the country, according to the Coldwell Banker Real Estate Home Listing Report.
The report, released Wednesday, is a snapshot survey of average listing prices for four-bedroom, two-bathroom homes in 70 Canadian markets over a six-month period from September 2010 to March this year on coldwellbanker.com.
Calgary’s average came in at $534,912.
Vancouver topped the country at over $1.546 million followed by Kelowna at $1.087 million and Burnaby at $797,455.
Fort McMurray was fourth overall at $652,382 followed by West Kelowna ($640,055), Oakville ($624,914), Victoria ($540,087), and Surrey ($536,109).
Sherwood Park rounded out the top 10 at $534,850. Leduc was 11th overall at $518,393.
“The Canadian market continues to experience record or near-record housing prices in major markets across the country with Western Canada posting some of the nation’s highest prices,” said Jim Gillespie, chief executive of Coldwell Banker Real Estate.
Edmonton placed 17th overall on the Canadian list with an average list price of $442,121.
The most affordable market in Alberta was Lethbridge at $248,082.