Calgary resales stay hot through August
consecutive month. There were 2,267 resales in August, an increase of 3.42 per cent on a year earlier and the average sale price was $477,783; a 5.2 per cent rise year-over-year. Activity on single-family homes declined for the second consecutive month but the condo sector more than made up the slack with those priced lower than $400,000 in demand. Condo townhouse sales increased by almost 20 per cent reflecting the increasing popularity of the sector.
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Figures from the Calgary Real Estate Board show that the market was still vibrant in August, with MLS sales increasing for the 17