Increased sales and easing new listings reduced housing inventories in August. Sales were primarily driven by homes priced below $500,000.

Calgary communities that provide convenient access to desirable amenities and major roadways are leading the way in growth.

New listings coming onto the market continued to decline in June, which is helping to reduce the oversupply of homes in Calgary.

Sales growth in May was met with a decline in new listings. This combination eased the pressure on inventory levels, which finished the month at 7,467 units, a decline of 12 per cent compared to last year.

With housing affordability continuing to be a major concern these days, particularly due to the mortgage stress test, you would think that the lower-priced options in the condo segment would benefit. However, that has not been the case in the Calgary resale housing market, where sales numbers and prices continue to suffer.

The reason for this is simple – an oversupply of properties for sale.

A growing family often means it's time to grow the home as well – a space that once seemed roomy and open often feels cramped once a little one is running around.

Depending on your priorities, it might also mean the time has come to relocate from an inner-city area to a quieter, family-focused community in the suburbs. If you're struggling to pick a new neighbourhood to call home, or have no idea where to even start looking, these are Calgary's top-10 communities for young families (based on percentage of population 14 years old and under):

There have been no significant changes occurring in sales activity, but the number of new listings coming onto the market continues to ease relative to 2018 levels.

The decline in new listings was enough to start chipping away at overall inventory levels, which have eased slightly compared to last year.