Largely on the back of a condominium market that continues to surge, the City of Calgary recorded a record level of home sales this August, according to new statistics published by the Calgary Real Estate Board on Friday.
Furthermore, that total also shows a 27.9% increase year-over-year, despite the Bank of Canada policy interest rate now being 5.00% compared to 2.50% this time last year.Although single-detached homes were still the property type that accounted for the highest quantity of sales, the condo market is punching above its weight.
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