The above property was one of two Prides luxury properties that were the centre of a lot of media attention earlier this month, with several reports headlining that luxury properties were going for half their asking price in Calgary. The 9,200-square-foot house located in Priddis, 40 minutes southwest of Calgary, was listed for $3.9 million but purchased at […]
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Affordability rises again in the Calgary housing market
According to numbers released by the Calgary Real Estate Board (CREB) today, the average price of single-family homes and condos are slightly down again. “Overall sales activity relative to new listings caused a softening in absorption rates, which resulted in inventory gains and ultimately placed moderate downward pressure on pricing,” said CREB® chief economist Ann-Marie […]