Home sales rise along with supply City of Calgary, October 1, 2020 – September sales activity jumped to 1,702 units, the strongest September total since 2014. New listings in September improved over last month, but levels remained comparable to the previous year. The increase in sales relative to new listings did prevent any monthly gains in inventory levels, but supply in the market is still down 12 per cent compared to last year. “The recent rise in new listings, combined with low lending rates and softness in prices, has helped support some of the recent upward trend in sales,” said CREB® chief economist Ann-Marie Lurie. “However, conditions vary significantly based on the price range and property type.” The adjustment in

Total residential sales in August were relatively stable compared to last year with year-over-year gains in the detached and row sectors. These gains offset declines in the apartment and semi-detached products. With 1,573 sales in August, this is consistent with levels over the past five years. Year-to-date sales activity remains nearly 13 per cent below last year. “Recent national reports have shown a bounce back to new record levels over the past several months. Calgary has seen improvements over the lows recorded during the lockdowns but is far from record levels,” said CREB® chief economist Ann-Marie Lurie. “The situation in Calgary has been slightly different as the job losses were not isolated to sectors that are typically associated with rental

Detached and semi-detached home sales rise, but economic uncertainty remains City of Calgary, August 4, 2020 – With higher sales for both detached and semi-detached product, July sales totals rose above last year’s levels. Despite the improvements in July, year-to-date sales remain 15 per cent lower than last year’s levels. “There have been improvements relative to the lowest sales levels caused by COVID-19, but it is too early to say things are shifting back to pre-pandemic levels,” said CREB® chief economist Ann-Marie Lurie. “We are still facing record high unemployment rates, significant government aid, and uncertainty throughout the business community. This will continue in the coming months.” COVID-19 shutdowns occurred over the traditionally busiest quarter for real estate sales. Some of

City of Calgary, July 2, 2020 – After three months where COVID-19 weighed heavily on the housing market, sales activity in June continued to trend up from the previous month, totaling 1,747 units. Caution remains necessary, as monthly sales are nearly two per cent lower than activity recorded last year. However, this represents a significant improvement compared to the past several months, where year-over-year declines exceeded 40 per cent. “Recent price declines, easing mortgage rates and early easing of social restrictions are likely contributing to the better-than-expected sales this month,” said CREB® chief economist Ann-Marie Lurie. “However, the market remains far from normal. Challenges, such as double-digit unemployment rates, will continue to weigh on the market for months to come.” New

COVID-19’s impact on Calgary housing market continues City of Calgary, June 1, 2020 – Housing market activity in May remained slow, but sales exceeded the lows from April, which saw less than 600 sales in Calgary. May sales totalled 1,080 units, a 44 per cent decline from last year’s figures. “The initial shock of COVID-19 and social distancing measure is starting to ease. This is bringing some buyers and sellers back to the market. However, this market continues to remain far from normal and prices are trending down,” said CREB® chief economist Ann-Marie Lurie. “Activity has also shifted toward more affordable product, which is likely causing differing trends depending on product type and price range.” Sales are down in all