Despite flood, June sets real estate records

Despite the tragic flooding in our city, and resulting market uncertainty, June was actually a record month for real estate in Calgary. The Calgary Real Estate Board (CREB) announced that overall MLS sale prices were the highest ever last month. The real numbers: Average MLS sale price in Calgary was $466,458, a 5.6% increase Previous record was in May at $462,076 Average single-family home price was $527,162, a 7.7% increase Previous record was in May at $521,887 The chief economist for CREB, Ann-Marie Lurie, said in a press release that until the full extent of the flood damage is known, it will be difficult to…