Calgary real estate market sees fewer sales but more listings, report says
Conference Board of Canada numbers indicate city remains a buyers' market
House sales in Calgary are still sluggish, but that's not stopping people from putting their homes on the market, according to the latest figures from the Conference Board of Canada.
The board's Metropolitan Resale Snapshot shows that Calgary is among 19 of 28 surveyed markets where transactions continued to cool off.
There have been 22,176 home sales in Calgary this year to July, which is 5.7 per cent lower than the same period last year.
However, the number of listings on the Calgary market in July was 44,520 — up 10.6 per cent from the previous year, the board's report says.
The average price of a house in Calgary edged down by 2.3 per cent, year-over-year, to $454,594.
The board classifies Calgary as a buyers' market, along with Toronto, Oshawa, Edmonton, Regina, Saskatoon, Quebec, Saguenay, and Newfoundland and Labrador.
London and Windsor enjoyed sellers' conditions last month, the board says.
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