April turned out to be a dynamic month for the housing market in Calgary. Compared to the previous years' figures, resale housing in Calgary experienced remarkable price growth, more than any other city in Canada. In relation to all other major markets in the country, it garnered the largest upsurge in sales.According to the monthly MLS report provided by the Canadian Real Estate Association (CREA), there was a 10.4% increase in sales in the city for the previous month, totaling 3,003 transactions all in all. The MLS Home Price Index, which tracks home price patterns through several major residential markets, reveals that Calgary witnessed a 6.9% increase in comparison to recent years.For the month of April, real estate sales have generally declined by 3.1% throughout the country, with 47,997 transactions and an average price hike of 2.2%. Though remaining quite stable, national sales have in fact decreased by 9-10% since mortgage regulations were amended the previous year. CREA's chief economist, Gregory Klump, points out that the figures for April are comparable to those of August 2012, and that consecutive months have only a difference of 2% between them.The average sale price in all of Canada is at $380,588, which shows a 1.3% upsurge. In addition, there were 95,065 new listings, indicating a 5.6% increase. Calgary’s housing market is on the RiseMeanwhile, the MLS sale price average for Calgary real estate went up to $429,717, with a 3.6% boost. New listings in also escalated by 6.7% to 4,664.It must also be noted that homes for sale in Alberta experienced a 3.6% hike, averaging at $378,892. There were 6,501 sales that indicate a growth of 5.0%, as well as 11,253 new listings that show a 5.0% increase.Economists are positive that the country's real estate market is steadily heading into better days. Based on current trends, a productive home-buying season can be expected this spring. Compared to recent years, the previous month saw a 15.0% decrease in residential property sales, while this month has experienced only a 3.0% decline. TD Economics' Sonya Gulati also concludes that the negative effects of last year's mortgage rule modifications were merely temporary. It's apparent that this year's prices are gradually climbing upward.With all the developments in the Canadian housing market, it's necessary to spell out the facts to rule out any unrealistic expectations. Despite the activity among Calgary home buyers, this doesn't mean that there will be a drastic upsurge that could revitalize the real estate market in the next few months. It must be noted that there are currently no significant economic factors that can restore the market to its former state. While we can certainly look forward to a fruitful home-buying season this spring, it won't be anything out of the ordinary.While it's easy to notice that that real estate prices have been increasing more sluggishly than ever since the 2009 economic recession, recent patterns have nonetheless been encouraging. BMO Capital Markets' chief economist, Douglas Porter emphasizes that prices are still on the rise, however slowly; in fact, they're rising even more rapidly than inflation rates. In addition, the average prices of homes for sale are at the highest they've ever been, so we have no reason to worry.