Calgary home sales fall 12% in July as inventory reaches pre-pandemic highs: board

News Room
By News Room 2 Min Read

CALGARY – The Calgary Real Estate Board says home sales in the city declined 11.6 per cent in July compared with last year as inventory grew to levels not seen since before the pandemic.

The board says 2,099 homes changed hands last month compared with 2,374 sales in July 2024, attributing the decrease to factors such as persistent economic uncertainty due to tariffs, the lack of further reductions in lending rates and added competition from the new home market.

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