Calgary's real estate is still hot even as other markets cool

The average price of a Calgary home was up nearly 11 per cent in November, year over year.

Fall is typically the second busiest season for real estate next to spring, and yet much of the past season has been marked by muted demand in many Canadian markets — with the exception of Calgary, a new report has noted.

Major markets like Toronto and Vancouver cooled in October and November, the RBC Economics report found. In Vancouver, home sales have fallen six straight months with November activity dropping about eight per cent from October. At the same time, inventory increased with Vancouver’s resale market now favouring buyers, the report added.