Report: August witnessed record home sales in Calgary.

By: 600011 On: Sep 2, 2023, 4:38 PM

As reported by Calgary Real Estate, home sales in Calgary reached all-time highs in August. Despite record home sales, a big issue is still housing affordability. In accordance with the data, stockpiles decreased by 50% in August.2,729 properties were sold in August, up 27.3 percent from the same month last year. Due to the condominium market's solid backing, home sales increased. Sales of condominiums are up 22% from a year ago. Despite the fact that home sales have continued to reach record highs over the past few months, the report points out that year-over-year sales are down 15% from the previous year. All property classifications saw price increases, according to the Calgary Real Estate Board.