Calgary row and apartment sales fell 23% and 20% year-over-year in July, with benchmark prices down 6-8% and 17,000 apartment units still under construction — the attached market has become a battle for buyers.
Melcor's Q2 shows the Alberta story in one earnings report: Canadian land sales up $10.3 million while overall revenue fell 29% — the province's community-building engine is still turning.
A near-20% one-month jump in Alberta building permits — split across multi-family and single-family — points to a stronger construction pipeline heading into fall, and to communities and projects that will need buyers.