Supply levels in Calgary's surrounding communities grew in April as demand slowed in many bedroom communities, according to the Calgary Real Estate Board. Some key markets saw declining year-over-year resales, while others experienced flat or modest growth.
Airdrie
Airdrie experienced among the largest percentage declines in resales, dropping 18 per cent. Its benchmark price fell about five per cent to $516,700. Supply surged nearly 40 per cent to over three months.
Cochrane
In contrast, Cochrane's April resales increased nearly 28 per cent year over year. However, its benchmark price dropped about three per cent to $569,200. Supply rose about one per cent to more than 2½ months.
Chestermere
Chestermere's market saw a more than 19 per cent year-over-year decline in resales. Its benchmark price grew over one per cent to $720,200. Supply increased more than 43 per cent to over 5½ months.
Okotoks
Resales in Okotoks grew almost four per cent in April. The benchmark price was $627,600, up less than one per cent. Supply grew about 13 per cent to slightly more than 2½ months.
High River
High River experienced a 13 per cent drop in resales year over year. Its benchmark price rose over three per cent to $517,400. Supply increased more than 44 per cent to almost three months.
Strathmore
Strathmore saw positive growth across all three metrics. Resales grew more than 33 per cent, the benchmark price increased almost four per cent to $460,000, and supply grew nearly 61 per cent to almost three months.
Canmore
Canmore sales fell about 24 per cent. Its benchmark price declined less than one per cent to $1,105,000. Supply increased about 39 per cent, closing in on four months.
