Calgary home sales fall in June but still above long-term trends: board

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Calgary Real Estate Board News

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CALGARY — The Calgary Real Estate Board says June home sales fell 12.8 per cent from last year as 2,738 properties changed hands, driven by declines in lower...

CALGARY — The Calgary Real Estate Board says June home sales fell 12.8 per cent from last year as 2,738 properties changed hands, driven by declines in lower-priced homes.

The benchmark price across all home types was $608,000 for June — up 8.5 per cent from a year earlier and roughly 0.4 per cent higher than May. Ann-Marie Lurie, chief economist at CREB, says inventory in the lower price ranges of each property type continue to fall, "providing limited choices for potential purchasers looking for more affordable product."She also notes that Calgary continues to be a competitive market for some buyers, with more than 40 per cent of the homes sold in June selling over the listed price.MONTREAL — It’s moving day in Quebec, and Mario Lortie is leaving his apartment of 27 years. It’s not by choice.

“They are able to navigate these higher prices without as much of a ramification,” Realtor.com’s chief economist recently said.From suburban New York to rural Montana, candidates for U.S. Congress are getting an earful from voters stressed by stratospheric housing costs, interviews with Democratic and Republican campaigns and Reuters/Ipsos polling showed. At campaign stops in his New York state district, Democratic U.S.

 

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