Calgary Homebuyers Enjoy Big Savings as Prices Drop

About 85% of homes sold in Greater Calgary in August closed below asking price, with a typical discount of 2.29% (~$11,900). Cheaper homes and condos saw the largest discounts, while homes over $1 million often sold above asking. Apartment condos had the biggest price drops, reflecting a buyer's market with high inventory. Overall sales dropped 16%, but million-dollar home sales increased. Prices remain stable, with more supply and longer selling times.