![Calgary home sales fall in June but still above long-term trends: board](http://www.bnnbloomberg.ca/polopoly_fs/1.2092228!/fileimage/httpImage/image.jpg_gen/derivatives/landscape_620/calgary-real-estate-board.jpg)
Calgary home sales fall in June but still above long-term trends: board
BNN Bloomberg
The Calgary Real Estate Board says June home sales fell 12.8 per cent from last year as 2,738 properties changed hands, driven by declines in lower-priced homes.
Despite the decrease in sales, the board says activity was still 17 per cent higher than long-term trends for the month.
The benchmark price across all home types was $608,000 for June — up 8.5 per cent from a year earlier and roughly 0.4 per cent higher than May.
New listings fell 3.6 per cent year-over-year to 3,798 and there were 3,787 units in inventory, 9.2 per cent higher than last year.
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On Thursday, a directive for binding arbitration from Labour Minister Seamus O'Regan was met with job action by WestJet plane mechanics just one day after it was issued, catching the airline and the government off guard and marking a turbulent start to one of the busiest travel weekends of the summer.