In August, Calgary's real estate market hit a new milestone, with prices rising for the eighth consecutive month and setting a new sales record for the month. Despite this growth, year-to-date sales continue to lag 15% behind last year's pace, and the number of available units has plummeted to a record low of 3,254. Higher lending rates have led to potential buyers holding off on purchases, and the lack of supply is further driving up prices for detached homes.
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