Housing sales lower, but consistent with longer

While sales for semi-detached units, row-style properties and apartment condos seem significantly lower, it's important to note context, according to CREB chief economist Ann-Marie Lurie

Housing sales may appear to be declining for most property types, according to the Calgary Real Estate Board, but one economist says the levels are consistent with longer-term trends.

The report, published Monday, shows sales for apartment condos, rowhouses, detached and semi-detached houses are lower than last year, particularly for apartments, which the report described as having been a “buyer’s market for nearly six months.”

Detached homes saw the most sales, with 1,102 units sold in October. By comparison, 186 semi-detached units, 275 row-style properties and 412 apartment condos were sold in the sa