Detached home sales decline as apartment condominium sales riseCity of Calgary, August 2, 2022 - Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in
CREB City of Calgary July 2022 Statistics
Dated: August 10 2022
Views: 151
Detached home sales decline as apartment condominium sales rise
City of Calgary, August 2, 2022 - Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. While this is the second month where sales activity has slowed, total residential sales this month are still amongst the strongest levels recorded in our market.
“Rising lending rates are causing shifts within the market and, as a result, new listings for higher-priced product are on the rise relative to sales activity,” said CREB® Chief Economist Ann-Marie Lurie. “Meanwhile, there continues to be a lack of supply for lower-priced detached and semi-detached product. This is driving consumers who are looking for affordable homes to purchase apartment- and row-style properties.” . . . Read More
Byron Henry
Husband. Father of a teenage mastermind. Gym rat and all things athletic. Overall good guy. Cool. Calm. Collected.....
Latest Blog Posts
Downtown West End Calgary - An Ideal Place to Live for All AgesACTIVERAIN.COMA picture is worth a thousand words. Downtown West End is a community nestled on the western corner of Downtown Calgary.
Market starts to shift as sales slow City of Calgary, July 4, 2022 – Sales activity in June eased relative to the past several months and with 2,842 sales, levels declined by two
Sunnyside Calgary – More to Offer than You ThinkACTIVERAIN.COMSo if I’ve heard this question once – I have heard it a million times. Ok, maybe not a million. Here it is: what&rsquo
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
