Calgary’s resale housing market is not only bucking national trends, it is approaching levels not seen since the boom year of 2007.

October sales data released Thursday by the Calgary Real Estate Board (CREB) show the average sales price of a single-family home in Metro Calgary was $492,777, the second-highest monthly average this year ($502,000 in May) and the third-highest since July 2007, when the record average price of $503,000 was set.

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