A recent article by the Globe and Mail highlights the top 3 price-gaining Calgary communities since 2009. Research was done by Brookfield RPS and also includes Calgary condos. Here are the top 3 Calgary communities in terms of price appreciation since 2009.
In July 2009, the average price for a single-family home in Killarney was $456,000. In July this year your typical home in Killarney was listed for an average of $632,000. That's a 5-year appreciation of 39% and a growth rate of 6.7% a year. Certainly those who bought in Killarney before 2010 are rejoicing.
The northwest community of Hillhurst featured an average price of $614,000 in July 2009 for a detached home. In July 2014, the price of a single-family home shot up to…