Condominium sales are rising in Calgary, while sales of detached homes are falling, according to the latest data compiled by the Calgary Real Estate Board (CREB).
Condominium sales are rising in Calgary, while sales of detached homes are falling, according to the latest data compiled by the Calgary Real Estate Board .
“Rising lending rates are causing shifts within the market, and as a result, new listings for higher-priced product are on the rise relative to sales activity.” “As we move forward, we do anticipate further rate gains will weigh on housing activity and prices, but not enough to offset the exceptionally strong gains recorded over the first half of the year.”Meanwhile, semi-detached houses saw fewer sales than they had a year ago, although overall sales have still grown 11 per cent over 2021.In Airdrie, sales slowed compared to levels recorded last year thanks to a “pullback in mostly detached activity.
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