CACalgary home sales declined by 16.4 percent in August compared to the previous year, according to the Calgary Real Estate Board. The average residential benchmark price dropped 1.1 percent to $569,800. Sales growth was noted in the upper price range due to increased supply, but lower price ranges showed slower activity, attributed to favorable rental conditions deterring homeownership. Single-family homes benefited more from the HST rebate, while apartment-style homes experienced an 8.2 percent price decrease to $295,400, and row-style properties were 5.4 percent cheaper at $415,200. Detached home prices fell slightly, while semi-detached home prices increased by 1 percent to $690,500. New listings decreased by 9.7 percent year-over-year to 3,141, and total inventory remained 2.3 percent lower at 6,509 homes for sale.
Bias read (Center): The article presents factual data about housing market trends in Calgary without overtly favoring any political ideology. It reports on economic indicators and expert commentary without taking a clear ideological stance. While the housing market is a politically sensitive issue, the article remains
