Figures from the Calgary Real Estate Board show that the market was still vibrant in August, with MLS sales increasing for the 17th consecutive month.

There were 2,267 resales in August, an increase of 3.42 per cent on a year earlier and the average sale price was $477,783; a 5.2 per cent rise year-over-year.

Activity on single-family homes declined for the second consecutive month but the condo sector more than made up the slack with those priced lower than $400,000 in demand. Condo townhouse sales increased by almost 20 per cent reflecting the increasing popularity of the sector.

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