Calgary's housing market emerged from February's deep freeze to post some impressive numbers. While keeping active proved to be a difficult task for many Calgarians, with wind chills in the city dropping down to minus 40, activity amongst home buyers and sellers remained brisk.

According to CREB®, 1,854 homes changed owners in February, marking an 8.7 per cent increase over February 2013. While still representing a significant rise in sales, February's gain fell short of the impressive double-digit growth seen in January, when yearover- year sales grew by 17 per cent.