Calgary sets new April record as benchmark price hits $550,800: board

The Calgary Real Estate Board says the city set a new April record last month as the benchmark price of a home sold reached $550,800.

The Alberta board says the price amounts to a two per cent increase from March and a 1.19 per cent increase from a year ago.

The increase in the benchmark price came as the actual average price of a home sold in the city last month was $549,524, a roughly three per cent rise from a year ago.

The board says the number of sales tumbled almost 21 per cent to 2,690 over the same period, leaving the market with tighter conditions than were seen earlier in the year and when compared with April.