August 2022 Market Update
We were asked recently by a reporter from the Calgary Herald what remains the tightest part of the market in Calgary and what part of the market still offers the most value for buyers.
In looking at all the different styles of homes from apartments, row/townhomes, and semi-detached houses as well as detached homes, the one type of property that is moving the fastest is row/townhomes, which is only 1.3 months of inventory when looking at the activity levels over the last 30 days. The other three styles of homes in Calgary are closer to and have around two months of inventory.
We see this because there is still upward pressure on pricing for detached homes. Many buyers, as they have to adjust what they are searching for, will…
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