Calgary home sales ease amid pullback in detached market: Board
BNN Bloomberg
The Calgary Real Estate Board says sales eased in June as the market experienced a pullback in the detached and semi-detached housing categories.
The Alberta board says last month's sales amounted to 2,842, down two per cent from the record high of 2,914 in June 2021.
Sales in the detached market declined for the third month in a row, and were largely impacted by homes priced under $600,000.
However, the overall pullback in sales Calgary saw was not met with the same easing in prices.
The federal government announced intentions to raise the inclusion rate on capital gains taxes for corporations and individuals earning beyond a certain threshold, which will impact wealthy individuals who are benefiting from tax advantages not available to middle class Canadians, according to the Budget 2024.