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Calgary Home Sales Rose 7.3% In April

April home sales rose 7.3% from a year earlier in the Western Canadian city of Calgary.

The growth in April was driven by sales of more affordable, higher-density properties, said the Calgary Real Estate Board.

The board noted that 2,881 homes were sold last month, while the benchmark price across all home types was $603,700, up 9.9% from a year earlier.

New listings rose 11.5% year-over-year to 3,491 and there were 2,711 units in inventory, 16.2% lower than last year.

The supply of homes priced below $500,000 declined 29% in April amid supply growth in homes priced above $700,000, said the real estate board.

Calgary is Canada’s fourth-largest housing market after Toronto, Vancouver, and Montreal.