Calgary and area's resale housing market is expected to continue to grow in the latter half of 2012, but at a slower pace than the first seven months of the year CREB® said in its mid-year update.

In an update of its forecast, CREB® said Calgary's resale housing market is expected to continue to grow but at a slower pace in the latter half of 2012.

A new report on Calgary's luxury offerings is providing additional support for the argument the city's housing market is growing at a more steady and sustainable rate than other markets across the country.

Although multiple sources have singled out the housing markets in Toronto and Vancouver as proof of a greater Canada-wide trend, Calgary has yet to see the sort of rapid price fluctuations and sales declines evident in those cities.