August sales activity was comparable to the strong levels recorded last year and well above long-term trends for the month.

While sales have remained relatively strong, there continues to be a shift towards more affordable options as the year-over-year pullback in detached sales was nearly matched by gains for multi-family product types.

“While higher lending rates have slowed activity in the detached market, we are still seeing homebuyers shift to more affordable options which is keeping sales activity relatively strong,” said CREB^® Chief Economist Ann-Marie Lurie. “This makes Calgary different than some of the larger cities in the country which have recorded significant pullbacks in sales.” 

To read the full stats release on August's housing market for Calgary and surrounding areas, click here.

August housing market snapshot

Click here to view the full City of Calgary monthly stats package.

Click here to view the full Calgary region monthly stats package.

Members can also access a wide range of housing data tools and dashboards on CREB^®Link.