Calgary home sales set new July record as they climbed 18% from last year: board

The Calgary Real Estate Board says rising interest rates had little impact on last month's home sales, which reached a record level for July.

The Albertan board says sales for the month totalled 2,647, up 18 per cent from the prior July.

It attributes the increase to significant gains in the relatively affordable apartment condominium sector. 

However, the board says despite recent gains, year-to-date sales have declined by 19 per cent compared with last year and inventory levels remain near the July record low set in 2006.