Mario Toneguzzi, Calgary Herald
CALGARY - The average MLS sale price for a Calgary residential property in August was eight per cent less compared with a year ago - the biggest decline in the country, according to statistics released today by the Canadian Real Estate Association.
The association's major market survey for August showed Calgary's average price (for single-family homes and condominiums) was $390,091 during the month. Sales for the month were also off 16.7 per cent (1,990) and new listings dropped by 16.3 per cent (4,103).
The next biggest drop in average sale price was in Greater Vancouver at 5.2 per cent ($557,114), Windsor-Essex at 5.0 per cent ($164,503), Edmonton at 4.8 per cent ($329,207) and Victoria at 1.2 per cent ($452,205).