The divide between detached houses and other segments of Calgary's depressed real-estate market continued to widen last month. Inventories for condos have also climbed to near record highs for August, at close to six months of supply. Meanwhile, detached homes, which make up close to two-thirds of all sales, have under three months of supply. A drop in condo and attached house sales helped drag down total sales from a year ago by 4.57 per cent, while detached houses saw only a 1.41-per-cent decline. Condo prices are now at levels similar to the end of 2013, while sales in the segment are at their weakest level since 2003.

Source: CBC News September 01, 2016 20:27 UTC