Calgary market in November - Residential sales in the city slowed to 1,648 units, a year-over-year decline of 22 per cent, but 12 per cent above the 10-year average.
The condo and townhome market is finishing strong in 2022.
Detached Home Benchmark Price is $619,700. 10.6% increase from Nov 2021.
Condo Benchmark Price is $277,000. 10% increase from Nov 2021
“Easing sales have been driven mostly by declines in the detached sector of the market. Higher lending rates are impactingpurchasers buying power and limited supply choice in the lower price ranges of the detached market is likely causing many purchasers to place buying decisions on hold.”