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Calgary Home Sales Decrease 3.8% in September, Prices Also Down: Board
Calgary Real Estate Board says 1,650 homes changed hands, while new listings fell 11.3% and inventory declined 6.3%, easing some supply pressure.
- Calgary home sales fell 3.8% in September, with 1,650 homes changing hands as the residential benchmark price slid 0.8% to $566,700.
- Ann-Marie Lurie, chief economist at the Calgary Real Estate Board, noted that strong job growth and migration support housing demand but fail to offset added high-density supply impacting prices.
- Detached home prices fell 1% to $739,400, while semi-detached prices rose 0.1% to $685,200, showing divergent performance across property types.
- New listings totaled 3,354 in September, down 11.3% from a year earlier, while total inventory dropped 6.3% to 6,486 homes available for sale.
- Apartment-Style homes dropped 8.3% to $291,400 and Row-style properties fell 5.5% to $412,400, illustrating how high-density supply disproportionately pressures lower-density segments.
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11 Articles
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Total News Sources11
Leaning Left4Leaning Right0Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 44%
C 56%
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