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The board says the benchmark value throughout all dwelling sorts was $606,700 for July, much like final month and practically eight per cent increased than final 12 months.
Ann-Marie Lurie, chief economist at CREB, says whereas the Calgary market struggles with provide of lower-priced properties, extra choices in each the brand new and resale markets have helped dampen the tempo of dwelling value progress.
She says the outcomes are in step with expectations for the second half of the 12 months and if stock continues to rise, it can end in extra steady dwelling costs.
The board says July stock ranges topped 4,000 items for the primary time in practically two years however nonetheless stays 33% under typical July ranges.
CREB says whereas the best provide progress was seen for properties priced above $600,000, the rise has helped shift away from the acute sellers’ market seen within the spring.
This report by The Canadian Press was first revealed Aug. 1, 2024.
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Alberta Ann-Marie Lurie Calgary calgary dwelling costs calgary dwelling gross sales Calgary Actual Property Board CREB Prairies Regional The Canadian Press
Final modified: August 2, 2024
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