MARKET UPDATES

CALGARY Q1 2021 MARKET UPDATE

Posted on Apr 20, 2021 in Market Updates

CREB, April 2021 - The economic challenges associated with COVID-19 brought about a dramatic rate cut from the Bank of Canada and an even more significant drop in the discount rates for mortgages. The low-interest-rate environment, combined with pent-up demand and increased savings among those who remained employed throughout the pandemic, is suppo...

APRIL 2021 MARKET UPDATE

Posted on Apr 01, 2021 in Market Updates

Calgary Housing Market Sees Best March Sales in Over a Decade! - The initial impact of COVID-19 on the housing market began last March. One year later, it is not a surprise that March sales in 2021 were higher than in 2020. However, at 2,903 sales, this was the highest March total since 2007. “Low lending rates and improved savings have supported s...

MARCH 2021 MARKET UPDATE

Posted on Mar 05, 2021 in Market Updates

With gains in every price range, residential sales activity in February totalled 1,836. This reflects the best February since 2014. “Despite continued COVID-19 restrictions, housing activity continues to improve. Much of the strong sales activity is expected to be driven by exceptionally low mortgage rates,” said CREB® chief economist Ann-Marie Lur...

FEBRUARY 2021 MARKET UPDATE

Posted on Feb 03, 2021 in Market Updates

January sales were the highest they have been for the month since 2014, as housing market momentum from the end of 2020 carried over into the start of 2021. Sales activity improved across all product types and across all price ranges. “Discount lending rates are exceptionally low, which is likely attracting all types of buyers back into the market...

JANUARY 2021 MARKET UPDATE

Posted on Jan 04, 2021 in Market Updates

With December sales of 1,199, this is the highest December total since 2007. "Housing demand over the second-half of 2020 was far stronger than anticipated and nearly offset the initial impact caused by the shutdowns in spring. Even with the further restrictions imposed in December, it did not have the same negative impact on housing activity like...

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