The property market trends in Calgary are heading in a more balanced direction of late, with prices beginning to stabilize after new housing trends surged property values at the start of the year.
According to the Calgary Real Estate Board (CREB), the average price of homes in Calgary sat at $460,100 at the close of July—a figure only a little higher than June but still 10% higher than July 2020. Detached homes have seen the most significant growth, sitting at 11% higher year-on-year.
In total, the city of Calgary saw 2,319 property sales closed, which is higher than the average long-term figures and is also the highest recorded sales ever for July.
The growth in sales figures has slowed somewhat in the last few months, as has the number of…