Overall Sales in Calgary are down to levels not seen in 5 years even as the city continues to grow. Detached home sales are at 10 year lows as buyers move to more affordable apartment/townhouse or duplex style properties. There has been huge increases in the construction of multi family style homes combined with large rental accommodation projects. This has effected the resale of apartments in the city as smaller investors exit out to take advantage of the recent price gains. The north east area of Calgary has seen the largest downturn in sales volumes effecting the overall market stats for Calgary. Okotoks continues to outperform the surrounding communities of Calgary. High River is holding steady with typical sales volumes seen in 2018/2019 and in par with last year. Given the unrest world wide and in other areas of Canada, Southern Alberta is doing quite well.
