“In most regions, sales have fallen at double-digit rates this year from high levels last year,” said Sal Guatieri, senior economist for BMO Capital Markets. “But the rate of decline has slowed recently.  By contrast, Alberta enjoys decent sales growth.” 

While the rest of the country experience an almost 11% dip in the three month rolling average sales as of April, Calgary, at 3%, and Edmonton, 1.2%, were the only two major cities see growth.

Calgary also led the country in average sale price up 7.5% due in part to the city’s strong luxury home market – median price was up 5.5%.

Why is Alberta doing so well while the rest of the country is continues to stagnate or even decline?  It all goes back to our economy – a strong labour market and both inter provincial migration and immigration supported by good valuations following the 2008 correction.

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