Calgary’s resale housing market nears boom year levels

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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Hearing being held to address blame for Cochrane Lake’s high water level

A hearing will be held before the Environmental Appeals Board regarding a water management order issued to Regional Water Services (RWS) and its owner, Jeff Colvin, by Alberta Environment and Sustainable Resource Development (AESRD).

The order was delivered this past August by the AESRD, demanding that Regional Water Services begin pumping and maintaining the water levels at Cochrane Lake.

Read more: http://tinyurl.com/9nvx8y5