Calgary Real Estate Update: Detached Homes Break Records in the West & South While Condos Slide
Posted by Jeff Mikolajow on
If you are skimming the news headlines about the Calgary housing market this July, you might walk away thinking that local real estate is slowing down. The broad city statistics show sales dipping by 4% compared to last year, with overall prices adjusting down by 2%.
But here is what the mainstream media is missing: those drops are almost entirely driven by an oversupply of apartment condominiums. When you strip away the high-density condo data and look exclusively at single-family detached homes in West, South, and Southeast Calgary, you discover a market that is aggressively defying the city-wide trend. In fact, select local pockets are actively hitting brand-new record highs right now.
The Detached Breakdown: Record Highs in West Calgary
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