Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors.
These gains offset declines in the apartment and semi-detached products.
With 1,573 sales in August, this is consistent with levels over the past five years. Year-to-date sales activity remains nearly 13 per cent below last year.
“Recent national reports have shown a bounce back to new record levels over the past several months. Calgary has seen improvements over the lows recorded during the lockdowns but is far from record levels,” said CREB® chief economist Ann-Marie Lurie.
“The situation in Calgary has been slightly different as the job losses were not isolated to sectors that are typically associated…