Demand for lower-priced listings driving up Calgary home prices, sales

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Calgary real estate prices continued to rise in April, as demand for more affordable, higher-density properties remained high.

A new home is displayed for sale in a housing development in Ottawa on Tuesday, July 14, 2020.

“Persistently high interest rates are driving demand toward more affordable products in the market and, at the same time, driving listing growth for higher-priced properties.”The benchmark price of a residential property rose to $603,700 for the month of April – up 9.9 per cent year-over-year.Detached: $749,000 – up 13.1 per cent year-over-year;Row: $458,100 – up 20 per cent year-over-year; andApartment: $346,200 – up 17.7 per cent year-over-year.

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