![]() ![]() Despite recent gains, year-to-date sales have declined by 19% over last year. The record-setting pace has been driven mainly by significant gains in the relatively affordable apartment condominium sector. Rising rates had little impact on sales this month as the 2,647 sales represented a year-over-year gain of 18%, reflecting the strongest July levels reported on record. Verbatim: What local experts from the Calgary Real Estate Board (CREB) say about Calgary’s regional housing market: With a sales-to-new-listings ratio (SNLR) of 82%, Calgary has been stuck in a seller’s market since the start of the year. Unlock Rates Calgary Housing Market Summaryĭata from the Calgary Real Estate Board (CREB) indicates that the average price of resale residential homes sold across Calgary in July 2023 was $551,300, a slight increase of 5.6% compared to a year ago. The average rent for a 1-bedroom apartment in Calgary increased by 15.4% year-over-year to $1,798 for July 2023.In comparison, provincially, the average home sale price in Alberta was up by 2.2% from a year ago to $483,300. Calgary’s benchmark composite home price increased by 5.6% year-over-year to $551,300 in July 2023.In comparison, provincially, the benchmark condo sale price in Alberta is also up by 8.9% from a year ago to $269,500. The benchmark condo price in Calgary increased by 10.1% year-over-year to $313,500 in July 2023.In comparison, provincially, the row/townhouse sale price in Alberta is up by 8.5% from a year ago to $371,200. ![]() Calgary’s benchmark townhouse house price increased by 11.6% year-over-year to $431,900 in July 2023.In comparison, provincially, the benchmark single-family home sale price in Alberta was up 2.7% from a year ago to $546,200. ![]()
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