Most communities around Calgary are made up mostly of single\u002Dfamily homes, a more expensive housing choice than multi\u002Dfamily homes.
“These communities are more detached-home-heavy markets than Calgary,” says Ann-Marie Lurie, chief economist with the Calgary Real Estate Board, which recently released May resale market data for the communities surrounding the city.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Cochrane also saw sales fall nearly 10 per cent as new listings dropped about four per cent. Its benchmark did fall, though only 0.2 per cent to $515,600. Not all markets saw declines in sales, however. Sales in Chestermere rose 30 per cent year over year, although year to date, sales are still down about 30 per cent.Steeper declines were seen in Okotoks with sales falling 24 per cent from May 2022, and High River sales fell nearly 35 per cent.Like most communities, low supply helped push up prices modestly with Canmore’s benchmark rising five per cent to $901,700.
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