Improving inventories in November has helped ease price growth pressure.
As in previous months, November saw double-digit growth in year-to-date sales for all property types. However, the strongest gains were in the condominium apartment and townhouse sectors with a combined growth of over 19 per cent.
The single-family benchmark price for November was $511,300 an 8.7% increase year over year. The condo apartment benchmark was $300,700 and the townhouse benchmark price is $338,600 with a combined growth of over 19%.
Overall unit sales for November totalled 1,782 homes, which compared to 1,724 homes sold last November, is a 3.36% increase.
“While Calgary’s price gains have garnered a significant amount of national attention, several indicators are pointing toward more stable conditions, easing risk associated with an overheating market.”
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