Calgary's resale real estate market has cooled, with sales and prices flattening due to declining migration and increased new home supply. Over 80% of homes sold below list price, especially apartments, which sell a median 3% under list and stay on the market longest. Semi-detached and detached homes also see more under-list sales. Buyers now have more negotiating power, while some sellers opt to rent properties until conditions improve. The market is rebalancing, not crashing.
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