Calgary's Housing Market Offers More Opportunities for Buyers

Calgary's housing market is cooling, with home sales down 4% and new listings down 11% year-over-year. The residential benchmark price fell nearly 1% to $566,700. Detached and semi-detached homes saw sales rise by 4% and 5%, respectively, while row homes and apartments experienced sales declines of 18% and 14%. Prices for row homes and apartments dropped 6% and 8%, respectively. Inventory decreased by 6.3%, with months of supply at 3.93.