Calgary’s real estate market is quite possibly the strongest in the country.

Compared to a year ago, MLS sales in the city rose by 14.8 per cent in September.  Across the country, sales actually fell 15.1 per cent year over year.

“Calgary has the distinction of having a sales-to-new listings ratio above 60 per cent,” Canadian Real Estate Association Chief Economist Gregory Klump tells 660News. “In fact, it’s closing in on 70 per cent.  So you should see price increases pick up a bit in the average prices.”

It’s not just a matter of homes changing hands.  Klump says homeowners are making money on the deals as well.

“You’re already seeing price increases compared to a year ago,” adds Klump, “of say six and a half per cent for the composite benchmark price.  You know, some pretty healthy price increases as well.”

Klump says Calgary is an island unto itself because of the affluence of the city, provided by the wealth generated in the energy patch.