The city’s record-high sales driven by condo market, says Calgary Real Estate Board
The latest report from the Calgary Real Estate Board says the city saw record-high sales in August, driven by the condo market.
The data shows 2,729 properties were sold in the month, an increase of 27.9 per cent year-over-year, while inventory dropped to a record low of about half of what’s historically been available in August.CREB chief economist Ann-Marie Lurie says higher borrowing costs are pushing more homebuyers to either hold off on purchasing a property or gravitate toward more affordable homes available on the market.
The board reported prices increased across all property types, sending the unadjusted benchmark price to $570,700 – up 7.9 per cent year-over-year and marking the eighth consecutive monthly gain. Despite record sales levels over the past several months, the board says year-to-date sales are still down 15 per cent compared to last year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Calgary home sales hit record high in August while inventory dropsCALGARY — The latest report from the Calgary Real Estate Board says the city saw record-high sales in August, driven by the condo market. The data shows 2,729 propertieswere sold in the month, an increase of 27.
Read more »
Calgary home sales hit record high in August while inventory dropsThe latest report from the Calgary Real Estate Board says the city saw record-high sales in August, driven by the condo market.
Read more »
Police searching for body on property near Bragg CreekCalgary police are scouring a rural property west of Calgary for possible human remains.
Read more »
Letters to the Editor August 31, 2023: 'Trudeau is off wasting taxpayer money internationally, again.'Calgary Sun Letters to the Editor for August 31, 2023
Read more »
Police dismantle large 'unsafe' homeless encampment in southeast CalgaryCrews continued to clean up a large homeless encampment hidden in a forested stretch of Crown land in the city\u0027s southeast on Wednesday.
Read more »