
In keeping with the trend from the past several months, Calgary residential sales enjoyed higher than expected growth during the month of August. With a total of 1,725 residential sales, the figures represent a 10 percent increase when compared to August of last year. On the other hand, while Calgary sales have remained strong throughout the month of August, they have slowed down when compared to the previous five months.
While Calgary sales have experienced a bit of a slump when compared to previous months, CREB President Bob Jablonksi attributes this to the fact that the number of new listings on the single-family market have slowed down. In fact, new listings dropped by 13 percent in August, reaching a total of just 2,585 units. When compared to...