Calgary home sales down 14 per cent in September as new listings rise

Increased supply and slowing demand continue to drive down Calgary's housing prices

Calgary's real estate market is continuing to shift toward favouring the buyer, as an increase in new listings and rental options meets slowing demand, according to the Calgary Real Estate Board's (CREB) monthly report.

Calgary home sales down 14 per cent in September as new listings rise

CALGARY - The Calgary Real Estate Board says September home sales in the city were down 14 per cent year-over-year.

Calgary real estate sees 36% spike in supply

Calgary home sales fell short of new listings in September, pushing inventory higher and shifting the market toward buyers. The city recorded 1,720 sales against 3,782 new listings, driving inventory to 6,916 units — 36 per cent higher than a year ago and more than 17 per cent above typical September levels, according to the Calgary Real Estate Board (CREB). Row and apartment-style homes led the increase in supply.     Supply growth outpaces dem…