Calgary's benchmark home price up 11% from last August: real estate board

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Calgary's benchmark home price up 11% from last August: real estate board
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Sales are down only slightly from a year ago, in contrast to other large Canadian cities. Read on

The Albertan board says last month’s benchmark price across all housing types totalled $531,800 with detached homes averaging $633,000, semi-detached properties coming in at $569,300 and apartments reaching $277,700.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Detached home sales saw the greatest fall, dropping 18 per cent since last year, though semi-detached properties only decreased by three per cent. Apartment sales rose by 58 per cent. The board says August sales activity was comparable to last year but well above long-term trends for the month.

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