Home sales in Calgary decline 15.3% in October compared with the same month a year earlier, according to the Calgary Real Estate Board (CREB). BNN Bloomberg reports that the drop in the number of properties changing hands comes as prices tick lower overall.
Global News adds that the pricing pressure is not uniform across the market. It says CREB indicates much of the downward force is concentrated in higher-density housing types, citing oversupply as a key driver. Together, the reports present the same broad month-over-month and year-over-year direction for activity and pricing, while differing on where the slowdown is most pronounced within the housing mix.
