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Calgary home sales fall 16% in August, prices also down year-over-year: board
The Calgary Real Estate Board said 1,660 homes changed hands and the benchmark price slipped 1.1% to $569,800 as lower-priced sales lagged.
- During August, 1,660 homes changed hands in Calgary, as sales fell 16.4 per cent and the residential benchmark price decreased 1.1 per cent to $569,800.
- The Calgary Real Estate Board's chief economist Ann-Marie Lurie noted that Calgary has 'not seen the same pickup in activity in the lower price ranges,' as favorable rental conditions are slowing the transition to ownership.
- New listings dropped 9.7 per cent to 3,141 units in August, while total inventory declined 2.3 per cent year-over-year to 6,509 homes for sale.
- Apartment-Style homes fell 8.2 per cent to $295,400 and row-style properties dropped 5.4 per cent to $415,200, while Detached prices slid 1.1 per cent to $744,300 and semi-detached prices rose one per cent to $690,500.
- Although lower-end activity slowed, Lurie explained that sales have been growing in the upper end of the market thanks to improved supply, indicating a split in housing demand.
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Vancouver-area home sales down nearly 5% in August amid second-half lag: board
Home sales in the Vancouver region dropped 4.6 per cent last month compared with a year ago, continuing a lag since May that is expected to persist through the end of 2026. Greater Vancouver Realtors says there were 1,869 home sales last month, which was 20.7 per cent below the 10-year seasonal aver...
·Kelowna, Canada
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Coverage Details
Total News Sources13
Leaning Left6Leaning Right0Center4Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 40%
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