The Calgary Real Estate Market is going through a transition phase we have seen before. After years of slow to no growth in prices, the past three years have more than made up for it. Prices jumped over 20% in quite a few communities in the past year alone. These huge jumps are not normal and happen after long periods of sideways price action. I having seen this movie before, expect some slight pull backs before leveling out once again with these higher prices becoming the new normal.