For the third consecutive quarter, sales growth in all communities surrounding Calgary was in the double digits. In addition to lifestyle preferences, demand in surrounding areas has improved due to the relative price advantage over Calgary and less supply constraints in many of the surrounding markets.

During the first quarter of the year, 44 per cent of new listings in surrounding areas were priced below $400,000. Within the city of Calgary, 23 per cent of single family homes were under this price point.

Looking for a small town feel, but yet wanting to be close enough to the bustling movements of city life? Okotoks is just a stone's throw away from the southern city limits of Calgary.

The community aspect of the town has people looking to purchase homes in towns like Okotoks.

Once spurred by the discovery of precious natural resources such as gold, silver or oil, the towns around Calgary have found another catalyst for growth.

Driven by relatively high level of affordability in comparison to their big city brethren, buyers in Calgary's surrounding communities snapped up homes at a rate not seen in several years.