While many large real estate markets in Canada have seen tempered activity this summer, Calgary just wrapped up a record July, according toIn July, the City of Calgary recorded a grand total of 2,649 home sales, which is a decrease compared to the 3,144 sold in June, but a strong showing when factoring in seasonable trends. Last month showed an 18% increase compared to July 2022 and had the strongest July sales total on record.
The number of new listings added also decreased from 3,939 in June to 3,247 in July, but total inventory nonetheless increased, up from 3,461 in June to 3,488 in July. Single-detached homes are still leading the way at $660,300, followed by semi-detached homes at $590,029, rowhouses at $382,300, and condominiums at $292,071.No matter what why you slice it, condominiums are now the clear top product in the City of Calgary.
The same holds true when looking at long-term year-to-date data, where condos are the only property type to record an increase in the number of unit sales and the only property type to record an increase in new listings — let alone both.
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